FORT LAUDERDALE, Fla., April 30 /PRNewswire-FirstCall/ -- Magnum D'Or
Resources, Inc. (OTC Bulletin Board: MDOR), a next generation rubber recycling
solutions company, announces the company has officially retired, as of April
29, 2009, $927,000 US of $12% Note obligations. This equates to an approximate
55% reduction in the amount of outstanding debt held by investors of the
company.
In an effort to continue creating shareholder value, Magnum has reduced the
amount of outstanding debt through re-evaluation of its agreements. By
exercising certain rights to those obligations the Company and its debtors
were able to convert their debt to equity.
We are exceptionally proud of our ability to attract investors and clients in
one of the most challenging times our economy has seen since the great
depression. This in itself is a testimony to the huge potential of Magnum and
the faith individual investors have shown through their investments.
We will be unveiling some stunning new developments in the near future that we
believe will truly revolutionize our company and potentially change the way
recycled rubber and rubber compounds are brought to the market.
About the upcoming Magnum "21st Century Business Solutions Series":
This series will be aired on CNBC, FOX, Hong Kong's Asia Television, and other
Leading Networks. Magnum's North American television broadcast will air on
CNBC and Fox Business Network to a combined audience of 114 million cable
households.
http://www.magnumresources.net/view-news.php?id=25
About the upcoming "Our Planet and Magnum's Television Series":
This show will be aired multiple times on Fox Business Network, CNN Headline
News, Discovery Channel, CNN, MSNBC and Regional News Network, along with
other networks.
http://www.magnumresources.net/view-news.php?id=9
Cohen Independent Research Group (CIRG), Wall Street's leading independent
research firm, recently initiated unsolicited non-compensated coverage on
Magnum D'Or Resources, Inc. They issued a "BUY" recommendation with a Target
Price of $2.67 per share. CIRG provides an in-depth analysis, including 5-year
financial and valuation projections, on Magnum's business and its significant
growth drivers. Research Report and "Buy" recommendation visit:
http://www.grass-roots-distribution.com/mdor-report.pdf
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 buffings (mulch).
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. View recent Mangum/SRI
Next Generation Custom Compound positive trials
http://magnumresources.net/view-investors.php?id=180
SRI visit http://www.srielastomers.com/
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
www.magnumresources.net
mdor@magnumresources.net
SOURCE Magnum D'Or Resources, Inc.
Magnum D'Or Resources, Inc., mdor@magnumresources.net
