Magnum’s Multiple Stage Shredding System Arrives at the Hudson, Colorado Site as Magnum Prepares to Begin Recycling Operations
October 8, 2009HUDSON, Colo., Oct. 8 /PRNewswire-FirstCall/ — Magnum D’Or Resources, Inc. (OTC Bulletin Board: MDOR – News), announces the arrival of one of its large turnkey complete shredding and chipping system for its Hudson, CO site. This system is self contained but will be used as a plug and start electric driven system. Operational start-up and testing is anticipated shortly with initial operations commencing upon State and County review in the coming days at the facility. View System in CO: http://magnumresources.net/gallery/?level=album&id=3&plog_page=3
With this new system in place at the site, Magnum Recycling USA can prepare to commence initial operations. This will include acceptance and processing of scrap tires at the facility which will allow for immediate revenues and cash flow for the company from the scrap tire disposal fees. Magnum expects to receive OTR tires almost immediately and auto & truck tires within the next several weeks. Schedule fees range from 5 to 10 cents per pound for light tires and 10 to 15 cents per pound for large Industrial or OTR tires. Pricing can be viewed at http://magnumresources.net/usa.
Magnum Recycling USA will also soon begin to shred previously disposed tires at the site as time permits in order to prepare raw feed product for the rubber powder production lines Magnum Engineering International (’MEI’) will be developing and installing.
Additionally, MEI has commenced design and engineering work with its affiliates to develop a State of the Art Rubber Recycling plant at the Hudson, Colorado facility. It will utilize a variety of high technology applications and solutions, which will result in a profitable business model that assures quality, excellence and continual improvement of environmental performance.
MEI is also working closely with Magnum/SRI during development of the Hudson plant in order to determine the optimum solution for planned production of powders and ‘Next Generation’ custom compounds at other sites and facilities.
President of Magnum, Joseph Glusic, stated, “We are extremely excited about the delivery of equipment at the Hudson site and look forward to the near future when all our operations will be in progress. It will be very interesting to watch this site take shape over the next several quarters to become one of the world’s most advanced recycling operations. The opportunity to develop next generation technology and process applications seems limitless. Again, I would like to commend all those involved in supporting our transition, especially the State and County officials and staff members that have been extremely helpful during this period. These are exciting times indeed for Magnum as we begin to build upon our foundation and execute our business plan.”
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 Magog, Quebec facility is 98,000+ sq. ft. Magnum currently holds over $130 Million USD in open contracts for the production of rubber nuggets and rubber buffing. http://magnumresources.net/gallery/?level=album&id=2
Magnum’s Hudson, Colorado facility consists of 120 high grade commercially zoned land, buildings, equipment, and inventory in excess of 30,000,000+ tires. The facility is one of the largest tire landfills in the world. http://magnumresources.net/gallery/?level=album&id=3
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. To visit SRI: http://www.srielastomers.com
Magnum/SRI tests are targeting premium applications that contain high grade properties. 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 because 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 positive impact on our customer’s bottom line.
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
Human, Public, Investor Relations
1-561-674-2169
www.greentechinternationaladvisors.com
info@greentechinternationaladvisors.com