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MagneGas appoints two new members of the board

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Staff writer | Tampa, Fl., USa | June 26, 2012
MagneGasJune 26, 2012, Tampa, Fl., USa - MagneGas Corporation, an eco-technology company, announced the appointment of Jacques D. Kerrest and Kevin A. Pollack, Esq., to its board of directors.
Mr. Kerrest, also the new memeber of the audit committee, serves on the board of Elephant Talk Communications Corp. Previously, he served on the board of CKX, a media and entertainment content company that was sold to Apollo Management in 2011. From 2008 to 2010, Mr. Kerrest acted as CFO and COO of ActivIdentity. From 2004 to 2008, Mr. Kerrest was CFO of Virgin Media.

Prior to Virgin Media, Mr. Kerrest served as CFO of Equant, a global enterprise communications infrastructure company, and Harte-Hanks, direct marketing and publishing company. Mr. Kerrest received his M.B.A. from the Thunderbird Graduate School of International Management.

Mr. Pollack, also a member of the audit committee, is a Managing Director at Paragon Capital, a private investment firm focused primarily on investing in U.S.-listed companies. He also serves as President of Short Hills Capital LLC, where he provides a range of advisory services to investors, asset management firms, institutions and companies.

Prior to that, Mr. Pollack worked as an investment banker at Banc of America Securities, focusing on corporate finance and mergers and acquisitions. He started his career at Sidley Austin LLP (formerly Brown & Wood LLP) as a securities attorney focusing on corporate finance and mergers and acquisitions.

Mr. Pollack currently sits on the board of Lightlake Therapeutics Inc., a developing biopharmaceutical company aiming to build a platform of biopharmaceutical solutions to common addictions and related disorders. Mr. Pollack graduated Magna Cum Laude from The Wharton School of the University of Pennsylvania and received a dual J.D./M.B.A. from Vanderbilt University.