Magnum Recycling USA Commences Recycling Operations at the Hudson, CO Facility
November 12, 2009HUDSON, Colo., Nov. 12 /PRNewswire-FirstCall/ — Magnum D’Or Resources, Inc. (OTC Bulletin Board: MDOR – News), a next generation rubber solutions company, announces its wholly owned subsidiary, Magnum Recycling USA will officially start recycling operations at the Hudson tire landfill today. Operations will include sorting, preparation, and shredding of tires into miniature pieces. These pre-processed rubber pieces will be accumulated as input into its powder equipment, currently under contract to be fabricated and installed through Magnum Engineering International (MEI) and its affiliates.
In addition, the company began accepting a wide variety of scrap tires just last week in order to create a stream of revenue while waiting for delivery and installation of its powder equipment.
Currently, with full operational permits and license authority for the 120+ acre Tire Landfill facility, Magnum Recycling USA will be utilizing its multiple stage shredding system to shred and prepare newly delivered, as well as, current inventory from its 35,000,000+ tire stock.
“One of the objectives as we prepare for producing powders is to reduce the inventory of whole tires into a usable raw feed product for the full powder production lines that will be implemented by Magnum Engineering International (MEI),” stated Bryan Brammer, COO of Magnum USA.
Brammer went on to say, “Joseph Glusic and I just completed meetings with State and local officials discussing our plans for reducing the Hudson monofill inventory over the next decade. Everyone is on board to assist the State of Colorado in reducing its burden of stockpiled tires throughout the state. With the continuing support of the State and local officials, we will prove that our business model can successfully accomplish both the goal of the State, as well as, provide a great return to Magnum’s investors and shareholders.”
Magnum plans on getting air dates and updating the market on the Environmental and Clean Technology television Series with 21st Century Business in the very 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’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
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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
Investor Relations
1-561-674-2169
www.greentechinternationaladvisors.com