Magnum USA Adds New Clients
November 30, 2009HUDSON, Colo., Nov. 30 /PRNewswire-FirstCall/ — Magnum D’Or Resources, Inc. (”Magnum”) (OTC Bulletin Board: MDOR – News), a next generation rubber solutions company, announces new tire source agreements and on-going tire recycling operations.
Magnum’s wholly owned subsidiary, Magnum Recycling USA, recently added additional tire source clients to its operations in Hudson, CO. One client will be using the site for the disposal of OTR (Off the Road) tires and the others will be disposing of passenger, light truck, and heavy truck tires. The operators chose the Hudson facility based on Magnum’s completed permitting process and guarantee that all tires delivered to the facility will ultimately be recycled into new end-user products.
Bryan Brammer, COO of Magnum Recycling USA, stated, “We have added new clients therefore adding new revenue to the bottom line of Magnum’s US division. It is also exciting to know that other companies like Magnum, desire to be good stewards to the environment by not letting waste tires go into illegal tire dumps. These tipping fees (payments for the disposal of waste products) will prove to be a solid revenue stream and foundation for the Hudson facility.”
Mr. Brammer went on to say, “In addition to collecting raw material, we have also been recycling tires into shreds and nuggets in order to stockpile a large feedstock for our next phase which will be the production of recycled ultra fine rubber powders. Along with the help of Magnum Engineering International (’MEI’), our US operations are excited to begin the production of next generation Magnum SRI custom compounds and customer specific powders.”
About MDOR (http://www.magnumresources.net): Magnum’s positioned to become a global leader in rubber recycling solutions by utilizing proprietary “Green” technology that provides a one-of-a-kind resolution to all of the challenges in eliminating stockpiles of rubber scrap & tires worldwide. Through its partner SRI (http://www.srielastomers.com), Magnum controls exclusive rights to a variety of Next Generation technologies & patents that could potentially revolutionize the rubber recycling industry Worldwide. Magnum/SRI are currently using these technologies to produce next generation 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 with no appreciable loss in properties or performance, thus adding a substantial & meaningful reduction in raw material cost for clients without compromising product performance and quality.
Magnum’s Quebec facility is 98,000+ sq. ft. and currently produces rubber buffing, nuggets, and crumb from recycled scrap tires. Company holds over $130 Million USD in open contracts.
Magnum’s Colorado facility consists of 120 acres of 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/
Magnum/SRI Independent Test Results from Rubber Research Institute of Malaysia Mark Historic Event for the 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
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