CEO Joseph Glusic Travels to Magog Facility to Immediately Increase the
Recycling of Rubber Nuggets, Crumb, Metal, and Fiber Production and meet with
Institutions, Vendors, New Clients, and Local Officials
MAGOG, Quebec, July 2 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc.
(OTC Bulletin Board: MDOR), a next generation rubber recycling Solutions
Company, announces the successful execution of several new implications in
order to increase production for crumb rubber and rubber nuggets to help meet
the ever so high demand. Furthermore the CEO of Magnum, Joseph Glusic, will be
working with and meeting several Funders, Institutions, Vendors, New Clients,
and Local Officials in Magog (Quebec). This could really add some rapidly
organic growth to the company.
Mike Boux, V.P. and International Business Development Coordinator of Magnum
stated, "We have recently made some positive modifications with our new high
tech engineered rubber recycling machines in order to remove almost all the
metal and fiber from the tires we recycle. The quantity of metal and fiber we
recycle from our "Close Loop Green Recycling" is an enormous amount and will
immediately add additional revenue streams to the company. We plan to release
some photos and footage in the near term in order to keep our shareholders
fully informed of our "Close Loop Green Recycling" of rubber scrap and rubber
tires.
Magnum's Facility/Operation Executive, Larry Hogan, commented, "Everything is
finally coming together here at Magnum. With the recent engineering and
modifications made at the Magnum Magog Facility it will finally allow for us
to increase production immediately. We have set new goals & records and are
very comfortable that we'll beat them by the end of the month."
Magnum expects to update the market with some new events by or before July
9th.
Recent MDOR Buy Rating: Grass Roots Distribution through Cohen Independent
Research Group (CIRG), Wall Street's leading independent research firm, have
recently initiated coverage on MDOR, Inc. with a "BUY" recommendation and a
$3.14 per share Target Price. Research Report and "Buy" recommendation on MDOR
visit: http://www.grassrootsrd.com/mdor-report.pdf. Grass Roots & CIRG
continued highlights; MDOR.OB is a lucrative investment opportunity for risk
adverse investors.
About: Magnum's 98,000+ sq ft facility is located in Magog (Quebec). Magnum
currently holds over $130 Million USD in open contracts for the production of
rubber nuggets and rubber buffing. 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/SRI are currently using their advanced 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. The Company is also
carrying out a number of trials on various compound blends specifically
targeted at high specification premium applications. Magnum/SRI tests are
targeting premium applications that contain high grade properties. This will
allow production of higher yielding compounds which will potentially create
higher revenues and profits. This also includes maximizing cost savings for
clients while producing high quality materials.
The reason why Magnum/SRI premium compounds are one of a kind is because they
can be substituted in high specification compound applications without
appreciable loss in properties or performance. Furthermore, the reason why our
clients will prefer to use Magnum/SRI compounds is they will be able to enjoy
a substantial and meaningful reduction in raw material cost without
compromising product performance and quality. In the competitive environment
of rubber product manufacturing this is a major development having a direct
impact on our customer's bottom line.
Visit SRI: http://www.srielastomers.com/
View Mangum/SRI Next Generation Custom Compound positive trials:
http://magnumresources.net/view-investors.php?id=180 or
http://www.magnumresources.net/view-investors.php?id=199
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
1-305-420-6563
www.magnumresources.net
mdor@magnumresources.net
SOURCE Magnum D'Or Resources, Inc.
Magnum D'Or Resources, Inc., +1-305-420-6563, mdor@magnumresources.net
