Magnum Recycling USA Receives County Approval for Acceptance of Tires and Future Operations in Colorado
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Magnum Recycling USA Receives County Approval for Acceptance of Tires and
Future Operations in Colorado
HUDSON, Colo., Nov. 9 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc.
(OTC Bulletin Board: MDOR), a next generation rubber solutions company,
announces its wholly owned subsidiary, Magnum Recycling USA received full
operational permits and license authority for its Hudson, Colorado 120+ acre
Tire Landfill facility. Magnum can now swiftly move forward with its
Environmentally 'Green' Technology using its Closed Loop Rubber Recycling
Solutions at this production facility.
On November 4, 2009, Magnum Recycling USA received unanimous approval from
Weld County for the Special Use Permit that governs operation of the Hudson
Tire Landfill facility. The permits allow Magnum to accept tires and begin
the installation and operation plan of one of the largest Next Generation
Rubber Recycling & Solutions Facility.
Joseph Glusic, President and CEO of Magnum, stated, "We have accomplished
significant strides during a very short period of time. This marks the
beginning of what will be a rapid expansion at our Hudson Facility. We
accomplished our goal of receiving all of the necessary permits and licenses
required to allow full operational activity. We can now unequivocally state
that Magnum owns and operates the largest tire landfill in the U.S.A."
Bryan Brammer, COO of Magnum Recycling USA, commented, "We are now working
with Magnum Engineering International (MEI) and its affiliates to transform
Magnum's Tire Landfill into a World Renowned Rubber Solutions Facility. This
is a major milestone for both the company and its shareholders. With
approximately 400,000 tons of tires and rubber scrap, Magnum can now rapidly
accelerate its business strategy to produce high quality fine rubber powders
and reactivated proprietary compounds through our strategic partnerships. The
Magnum SRI Revolutionary Custom Compounds have recently made rubber recycling
history by adding 20% rubber recycled content to an OEM Light Truck Tire and
still retain all the performance properties of a Traditional Virgin Rubber
Light Truck OEM Tire. We here in Colorado are incredibly excited to be
involved in such revolutionary processes."
Magnum Engineering International, Inc. ('MEI') http://magnumei.com/, a wholly
owned subsidiary of Magnum D'Or Resources ('MDOR'), has commenced working on
the Hudson, Colorado site installation and start-up plan as well as working
with Magnum SRI to provide all technical and engineering services to build a
World Class Rubber Recycling Facility. All equipment and throughput scenarios
have been considered and final equipment specifications have been passed on to
the equipment manufacturers.
To view about Magnum Recycling USA Facility: http://magnumresources.net/usa
To view photos of the facility:
http://magnumresources.net/gallery/?level=album&id=3
About MDOR: Magnum's proprietary "Green" technology provides a one-of-a-kind
solution to all of the challenges in eliminating stockpiles of scrap tires and
rubber scrap. Magnum's positioned itself to become a global leader in rubber
and scrap tire recycling and its Next Generation technology could potentially
revolutionize the industry Worldwide.
Photo gallery: http://magnumresources.net/gallery/?level=collection&id=1
Magnum Recycling Canada: Magnum's Magog, Quebec facility is 98,000+ sq. ft.
Magnum is currently producing rubber buffing, nuggets, and crumb from recycled
scrap tires. Company holds over $130 Million USD in open contracts.
Magnum Recycling USA: Magnum's Hudson, Colorado facility consists of 120 acres
of high grade commercially zoned land, buildings, equipment, and inventory of
roughly 30 to 40 million tires. The facility is one of the largest tire
landfills in the world.
Magnum Engineering International ('MEI') (http://magnumei.com/): Wholly owned
subsidiary of Magnum specializing in developing turnkey recycling plants and
complete environmental & economical 'Green' solutions.
Magnum/SRI are currently using their Revolutionary technologies to produce
next generation rubber recycling solutions for custom compounds, retread
compounds, processing aids, advanced state-of-the-art equipment, and
reactivated ambient/cryogenic rubber powders for the global market. Magnum/SRI
premium compounds can be substituted in high specification compound
applications without appreciable loss in properties or performance. The reason
why our clients (market) will prefer to use Magnum/SRI compounds is because
they will be able to enjoy a substantial and meaningful reduction in raw
material cost without compromising product performance and quality. To visit
SRI: http://www.srielastomers.com
Magnum/SRI Independent Test Results from Rubber Research Institute of Malaysia
Mark Historic Event for the Global Rubber Industry:
http://magnumresources.net/investors/565, http://magnumresources.net/news/607
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 results anticipated by any or all of these forward-looking
statements may not occur. The company is not required to update its
forward-looking statements.
Contact:
Magnum D'Or Resources, Inc.,
Fort Lauderdale, FL
1-954-315-3883
www.magnumresources.net
mdor@magnumresources.net
Green Tech International Advisors
Investor Relations
1-561-674-2169
www.greentechinternationaladvisors.com
SOURCE Magnum D'Or Resources, Inc.
Magnum D'Or Resources, Inc., +1-954-315-3883, mdor@magnumresources.net; or
Green Tech International Advisors, Investor Relations, +1-561-674-2169
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