Magnum Announces Updates to its Shareholders

MAGOG, Canada, Aug. 27 /PRNewswire-FirstCall/ -- Magnum D'Or Resources,
Inc. (OTC Bulletin Board: MDOR) updates the market and responds to shareholder
inquiries about a possible takeover acquisition.
Chairman of Magnum, Joseph Glusic stated, "I wanted to specifically
address our shareholders to address inquiries and concerns regarding events
and share trading activities that have come to my attention. I am writing
this letter from the city of Magog, Canada where I am coordinating the final
plans for installation and operation of recently delivered equipment. It has
come to my attention that there are unscrupulous individuals and possibly
market making companies attempting to spread false accusations and rumors
about the company for the purposes of either shorting the company's stock or
putting downward pressure on the stock to cover potential 'Naked Short'
selling that has taken place over the last several days. The company currently
feels the stock price is not justifiable with the company's real asset
valuation.
These tactics have been monitored and followed over the last several
months and have been reported to the FINRA and the SEC. Additionally, the
company has taken legal steps to notify and initiate actions against various
individuals that have been identified as spreading false and defaming
information about the company. We have ordered DTC Sheets and have
professionals investigating this matter and plan to attack this method by
increasing shareholder value through both Joint Ventures and Acquisitions in
order to rapidly increase Magnum's revenues and earnings.
The company maintains open lines of communication to its shareholders, as
well as, the public in general. We plan on rolling out a high tech corporate
website next week to include a variety of details including: company strategy,
process, products, methods, know-how, etc. and will be updated routinely to
reflect our ongoing activities and our plans for growth and expansion.
I wanted to take some time to respond specifically to a number of recent
shareholder concerns and comments. 1. Is Magnum currently doing a reverse
merger? No
2. Is Magnum currently considering a takeover or attempting an
acquisition? Yes, Magnum is currently in negotiations with a private
national company in the same business as us with a large international
customer base.
3. Is Magnum going to be getting any outside exposure to help aid in the
growth of the company and market share? Yes, the most recent press
releases delineate some of the steps we are taking to increase market
awareness and maximize company exposure. In addition, we will begin
production and transition into an operating company versus a
development stage company.

Magnum will soon look to do additional marketing via direct presentations
to Wall Street Brokerage Firms, Investment Banking Firms, Private/Public
Institutions both here and internationally. We are currently working with "Our
Planet."
http://ourplanetstories.com/media-distribution/
(Fox Business Network, CNN Headline News, Discovery Channel, CNN, MSNBC,
Regional News Network, along with other Networks) are also in discussion with
several different Television Broadcasting News channels, Newspapers, and radio
programs.
http://www.cbc.ca/

http://www.latribune.fr/

4. Is the company selling treasury stock or diluting in order to raise
funds for equipment? No, the funds rose in order to procure and ship
equipment was performed by non-dilutive methods utilizing debt
instruments such as promissory notes which have been fully disclosed
and filed with the SEC. The remaining financing was done through our
equipment manufacturer.
5. Is the company planning on entering into any other Joint Venture
agreements and/or relationships? Yes, Magnum has several joint venture
opportunities in various stages of development and final term
agreements.
6. Why has the stock languished around the 50 cent threshold and been
unable to rise with increasing daily volume?

It is management's opinion that unethical and unscrupulous trading tactics
continue to curse the appreciation value of the company stock. This is most
likely caused by consistent market maker manipulation around the 50 cent range
and downward pressure being exerted by short selling investment consortiums
whose only purpose is to drive a company's market capitalization down. Magnum
is taking immediate action to protect and increase shareholder value as
addressed previously above. We take accusations and harmful acts against the
company very seriously and hold company integrity and shareholder value as
being an extremely precious asset.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995
Statements contained in this document that are not historical fact are
forward-looking statements based upon management's current expectations that
are subject to risks and uncertainties that could cause actual results to
differ materially from those set forth in or implied by forward-looking
statements. The company is not required to update its forward-looking
statements.
Contact:
Magnum D'Or Resources, Inc., Fort Lauderdale
Joseph Glusic, CEO, 305-420-6563
www.magnumresources.net
mdor@magnumresources.net

SOURCE Magnum D'Or Resources, Inc.

Joseph Glusic, CEO, Magnum D'Or Resources, Inc., +1-305-420-6563,
mdor@magnumresources.net