Magnum Engineering International (’MEI’) Announces $40 Million in Expected Projects
October 13, 2009FORT LAUDERDALE, Fla., Oct. 13 /PRNewswire-FirstCall/ — Magnum D’Or Resources, Inc. (OTC Bulletin Board: MDOR – News), a next generation rubber recycling Solutions Company, wholly owned subsidiary, Magnum Engineering International, Inc. (’MEI’) http://magnumei.com/ releases information regarding market update.
MEI is aggressively entering the environmental solutions market with proven technology to design and construct turnkey plants, as well as provide complete environmental solutions to third parties utilizing profitable business models. Part of that mission is to assure quality, excellence and continual improvement of environmental performance. One of MEI’s staff engineers stated, “We have developed a model that allows us to build plants for clients around the world, have them financed using export financing, and arrange for the sale of the output through Magnum’s network of clients. Furthermore, the business model establishes a rapid investor payback within 36 months.”
‘MEI‘ recent negotiations:
‘MEI‘ is in both initial and final negotiations with a number of parties and is working with U.S. government affiliates in order to conclude the anticipated ventures. The current projects are expected to generate a gross sale in excess of $40,000,000 US and are expected to be finalized by January 2010. MEI is excited to announce their current negotiations involve several large institutions in order to build full service facilities in both the Middle East and Europe.
Glusic went on to say, “There has been a tremendous amount of discussions, both national and international, with companies looking for assistance for solutions to their tire and rubber recycling issues.”
President and CEO of Magnum, Joseph Glusic commented, “I am extremely pleased at how quickly MEI has developed the market we had previously ignored. This will prove to be a profit center of its own, adding directly to the bottom line of Magnum. Although we knew there was considerable interest in our process and technology we never really took the opportunity to focus on that market. Now we have the personnel and the resources to support these activities.”
In addition to assisting the Magnum group with all technical and engineering solution services, MEI has recently assumed all client inquires, discussions, and International negotiations that were previously being conducted by MDOR in relation to third party recycling solutions. MEI and its affiliates are developing a full service engineering and service solutions company.
‘MEI’ strategic plans:
MDOR has recently received the initial equipment necessary to commence work on the Colorado site. MEI has officially commenced work on developing a turnkey state of the art rubber recycling plant in Colorado using some of the most advanced technology available on the market. MEI and Magnum/SRI have been working hand and hand to determine the most economical and beneficial solution for the fine rubber production output. MDOR plans to produce large quantities of high end/high quality rubber powders, as well as, revolutionary custom compounds at the site. MEI has already taken steps in order to launch the new look for Magnum’s Magog facility for the production of high quality fine rubber powders. These powders will be immediately introduced to the Magnum/SRI Next Generation Custom Compounds in the near term.
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 has positioned itself to become a global leader in rubber and scrap tire recycling and its proprietary technology and know-how could potentially revolutionize the industry Worldwide.
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. (http://magnumresources.net/gallery/?level=album&id=2)
Magnum’s Recycling USA: 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 Engineering International (’MEI’) http://magnumei.com/ is a 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. In the competitive environment of rubber product manufacturing this is a major development having a direct positive impact on our customer’s bottom line. To visit SRI: http://www.srielastomers.com
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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