getting ready for the weekend
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NEWS! Magnum Appoints Top Auditing Firm, Weinberg & Company, P.A.
Monday July 28, 8:00 am ET
FORT LAUDERDALE, Fla., July 28 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR - News) today announced it has engaged Weinberg & Company, P.A. as its PCAOB Accounting firm.
Joseph Glusic, President of Magnum, said, "After an extensive search, we are pleased to announce our engagement with Weinberg & Company, P.A. We chose Weinberg & Company, P.A. because of their reputation for value-added service to their clients, their decades of experience, their expertise in our industry, and their focus on small to mid-cap SEC companies such as Magnum."
Weinberg & Company, P.A. Ranked among the Country's Top Audit Firms. To view click here: http://www.cpaweinberg.com/news.pdf Weinberg & Company has been ranked #40 among America's Top 100 Auditors. In addition, the Firm ranks second among the top five firms headquartered in South Florida; and equally high in the Los Angeles marketplace, where they also have a significant presence. The report, released by Who Audits America, Menlo Park, California, based its research on three categories: a weighted ranking of total clients, total sales audited, and average sales per public client audited.
About Weinberg & Company, P.A.:
Weinberg & Company, P.A. has offices in Boca Raton, Florida; Los Angeles, California; and Hong Kong. They specialize in providing audit services to public and private companies worldwide, as well as providing tax planning and preparation services to business owners. We provide domestic and international audit and advisory services to public and privately held entities. Our firm has undergone peer review performed by an AICPA approved CPA firm, is a member of the AICPA Division of Firms SEC and Private Companies Practices Sections, and is registered with the Public Company Accounting Oversight Board.
http://www.cpaweinberg.com/
About Magnum:
Magnum is currently transitioning from a development stage business to an operating entity. It will continue executing its business and marketing plan to become a Global Leader in the Recycling industry. It plans to provide: Turnkey Recycling Plants, Operational Assistance, Consulting Resources, Waste Management Solutions, and Heavy Recycling Equipment Supplies for producing high quality raw materials.
Last year, approximately one billion tires were disposed of worldwide. MDOR's mission and goal is to convert these harmful materials into salable 'Green' industry goods.
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.
Updates on the progress, shipments and installation will be posted on our website: www.magnumresources.net
Contact:
Magnum D'Or Resources, Inc., Fort Lauderdale
Joseph Glusic, CEO, 305-420-6563
mdor@magnumresources.net
Source: Magnum D'Or Resources, Inc.
More equipment on its way here prior to shipment. Hearing the ship already set sail to the Canadian Facility. The site won't let me load them here however you can go to the company site and click on the home page where it says photo gallery.
http://www.magnumresources.net/
Here's some of the Equipment on its way and arriving first week in August.
Equipment and Photos are "Green" just like the company (green company=MDOR.OB). http://www.magnumresources.net/
Click on the photo gallery http://www.magnumresources.net/
We got some new impressive pictures of the equipment being delivered the first week of August.
<<New photos on MDOR.OB website>>
http://www.magnumresources.net/
Company is updating the site being very informative for their shareholders. This week may really get good as the 8K from Friday is big time news for a start up company such as Magnum it lends big credibility.
Weak and low bids have dried this up. PHBR moves on air either way thats for sure. This is one easy ATM machine just get your bids in there and flip on the top end or get em cheap and wait for the next push.
Sweet buys you are going to be happy with those going into the month of August being the biggest month in the companies history I'm guessing.
MDOR.OB News out, 8K filed. ATM next week.
Weinberg & Company, P.A. Ranked Among the Country's Top Audit Firms http://www.cpaweinberg.com/news.pdf
Now the question is why would they take on a company like Magnum? I think I have the answer and I have a feeling they probably did a nice amount of DD on Magnum before they engaged. My guess they are signing on knowing Magnum is in a sweet spot and ready to take off.
This is sweet news for the weekend I would expect a news release to update the public officially.
News on MDOR http://biz.yahoo.com/e/080725/mdor.ob8-k.html
MDOR.OB News out, 8K filed.
Weinberg & Company, P.A. Ranked Among the Country's Top Audit Firms http://www.cpaweinberg.com/news.pdf
Now the question is why would they take on a company like Magnum? I think I have the answer and I have a feeling they probably did a nice amount of DD on Magnum before they engaged. My guess they are signing on knowing Magnum is in a sweet spot and ready to take off.
This is sweet news for the weekend I would expect a news release to update the public officially.
News on MDOR http://biz.yahoo.com/e/080725/mdor.ob8-k.html
MDOR.OB 8K is out.
Weinberg & Company, P.A. Ranked Among the Country's Top Audit Firms http://www.cpaweinberg.com/news.pdf
Now the question is why would they take on a company like Magnum? I think I have the answer and I have a feeling they probably did a nice amount of DD on Magnum before they engaged. My guess they are signing on knowing Magnum is in a sweet spot and ready to take off.
This is sweet news for the weekend I would expect a news release to update the public officially.
News on MDOR http://biz.yahoo.com/e/080725/mdor.ob8-k.html
Weinberg & Company, P.A. Ranked Among the Country's Top Audit Firms http://www.cpaweinberg.com/news.pdf
Now the question is why would they take on a company like Magnum? I think I have the answer and I have a feeling they probably did a nice amount of DD on Magnum before they engaged. My guess they are signing on knowing Magnum is in a sweet spot and ready to take off.
This is sweet news for the weekend I would expect a news release to update the public officially.
New Auditors are much larger then last ones. I wonder why? Answer: Magnum is about to grow into a big green money tree.
http://www.cpaweinberg.com/
Weinberg & Company is a professional audit, tax and advisory firm. We provide personalized services at reasonable fees that larger, decentralized CPA firms cannot match. Our firm offers international services to public and privately held clients who need a professional auditor and advisor to help accomplish their quarterly and annual objectives.
Global Reach.
We provide domestic and international audit and advisory services to public and privately held entities. Approximately 75% of our clients are small to mid-cap SEC companies. The remaining 25% are closely-held businesses that require a CPA firm who can assist with more complex decision making needs and provide advanced planning.
Main Purpose.
Our primary objective is to ensure reporting deadlines are met with accurately reported financial results. By far, this is our highest standard of measurement. Accurate financial results are the benchmark to measure business performance. Beyond, the reporting function, Weinberg & Company provides management with the financial information and operational insight to help achieve immediate and long-term objectives.
Professional Depth.
Many of our professionals are former partners, managers and staff of international and regional accounting firms. They are accessible, provide personalized and responsive service throughout the world, and maintain an open line of communication at all times. They can help with reporting needs, financial statement or special purpose audits, Sarbanes-Oxley compliance, tax strategies and filings, M & A service, fraud prevention requirements, IPO planning, and advisory services.
Credentials.
Our firm has undergone peer review performed by an AICPA approved CPA firm, is a member of the AICPA Division of Firms SEC and Private Companies Practices Sections, and is registered with the Public Company Accounting Oversight Board.
NEWS!!! Form 8-K for MAGNUM DOR RESOURCES INC
25-Jul-2008
Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant
Effective July 25, 2008, Magnum D'Or Resources, Inc. engaged Weinberg & Company, P.A. of Boca Raton, Florida, as its principal independent certified public accountant to audit its consolidated financial statements for the fiscal year ending September 30, 2008.
http://biz.yahoo.com/e/080725/mdor.ob8-k.html
Your so funny, we closed up 50% so why would you say today was all selling? I sure do get a good laugh from some of you on the board.
AERP chart is looking primed up and ready for lift off glad I am a few friends grabbed some over the past couple weeks.
Congrats nice buy there johnsomw1. Next week will make that price look even better. Hearing some more events are on the horizon.
-MDOR.OB- wakeup ART the bids are looking big now. 3 at .34 including VFIN & ARCA and 2 bids at .35. The offer is weak one market maker and then we go to .59 cents.
MDOR.OB update 2 bidders now and VFIN just jumped up looking for shares this is looking good.
VFIN just popped on MDOR.OB on the bid side. Looking good next week is the week.
We got 4 bidders now looking it appears. The offer is weak too.
VFIN just popped on MDOR.OB on the bid side. Looking good next week is the week.
We got 4 bidders now looking it appears. The offer is weak too.
MDOR.OB, Bid is strong UBSS moving on level 2 up to .345 and they played this short for a few.
MDOR.OB with 130 million in Contracts with S.E.C. has now disclosed a new 90,000 square foot facility.
Magnum Announces New Large Scale Facility; CEO Interviewed by WallSt.net
Wednesday July 23, 7:30 am ET
FORT LAUDERDALE, Fla., July 23 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR - News; Magnum) announced that the Company CEO recently held an exclusive interview with WallSt.net reporter, Tracey Tolentino. To view this clip, visit: http://tv.wallst.net/3-minute- press/167/738/MDOR/joseph-glusic/magnum-dor-resources-inc/ (Due to the length of the URL, please copy and paste into your browser).
Joseph Glusic, CEO of Magnum stated, "With commencement of the first shipment of equipment on its way to the Company's New Magog facility, the company has now begun its mission in becoming one of the leading providers of "Closed Loop & Green Technology." Magnum expects to take possession of its 90,000+ sq ft facility August 1st to begin preliminary modification and construction in preparation of receipt of its equipment."
"The current facility that we have agreed to occupy will allow us the flexibility to not only produce product for our current contracts, but also allow us to expand our operations as needed of the next several years. We will have ample space to operate, construct prototype equipment, and test various products at this facility," elaborated Glusic. While our long-term goal is to construct a single function high volume facility, this will allow us to perform all of the necessary functions required to support and expand our business.
The facility is situated in a fully improved technology park, with close proximity to both rail and highway, giving unfettered access to local ports and international transportation hubs. The US northeast industrial corridor is just hours from the location and NAFTA makes transportation logistics to the US seamless.
As part of Mr. Glusic's recent trip to Canada, he met with all participating members of the project, as well as, local officials and area representatives. Meetings included formalizing agreements for acquisition of raw materials and facilities, as well as, vendors, key suppliers, labor, and transportation logistics.
Magog will eventually be home to showcase our technology and spearhead our product development. With Magog's reputation for support, training, and research in the area of rubber products we feel comfortable with our choice for the facility location."
About WallSt.net
WallSt.net's 3-Minute Press Show features in-depth interviews with public company executives on their company and most recent press releases. The show is designed to provide viewers with insight into a company's most recent press release, and its impact on the company's growth.
WallStreet Direct, Inc. operates WallSt.net (http://www.wallst.net), a leading source of up-to-the-minute business news, comprehensive financial tools and original multimedia content for the investment community.
About Magnum:
Magnum is currently transitioning from a development stage business to an operating entity. It will continue executing its business and marketing plan to become a Global Leader in the Recycling industry. It plans to provide: Turnkey Recycling Plants, Operational Assistance, Consulting Resources, Waste Management Solutions, and Heavy Recycling Equipment Supplies for producing high quality raw materials.
Last year, approximately one billion tires were disposed of worldwide. MDOR's mission and goal is to convert these harmful materials into salable 'Green' industry goods.
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.
Updates on the progress, shipments and installation will be posted on our website: www.magnumresources.net
Contact:
Magnum D'Or Resources, Inc., Fort Lauderdale
Joseph Glusic, CEO, 305-420-6563
mdor@magnumresources.net
Nice thanks-MDOR.OB back at .35 X .50 a 10,000 buy moved the offer from .35 to .50 telling me there is little shares to be had down here in mdor land.
MDOR.OB at .35 x .50 now. 10,000 buy moved the offer from .35 to .50 that tells us there is little shares to be offered at these low prices.
RE:
MDOR.OB its Friday and its on sale. .30 x .35 now.
Company does have 130 Million in SEC contracts submitted and 100% real.
MDOR.OB at .35 x .50 now. 10,000 buy moved the offer from .35 to .50 that tells us there is little shares to be offered at these low prices.
MDOR.OB its Friday and its on sale. .30 x .35 now.
Company does have 130 Million in SEC contracts submitted and 100% real.
MDOR.OB its Friday and its on sale. .30 x .35 now.
Company does have 130 Million in SEC contracts submitted and 100% real.
MDOR.OB 2 more high bids just popped up at .29 both HDSN & NITE. This puppy will be moving next week.
MDOR.OB .30 x .40 mover come next week again.
MDOR.OB 2 more high bids just popped up at .29 both HDSN & NITE. This puppy will be moving next week.
NITE & HDSN just came up on the bid to .29. Looking strong now van.
Someone else just got 5k at .40. Be patient and be ready to get your cheap ones in the .40's range today. Looking for an uptrend next week.
MDOR.OB offer just came down real quick at .40
Some cheap shares
MDOR.OB .30 x 40 nice offer price now.
MDOR.OB big breakout for 1st week of August.
MDOR.OB Green Company & Saving the planet, one tire at a time?
July 2, 2008 - Exclusive
By Carli Ghelfi, Cleantech Group
Rubber recycler Magnum D'Or Resources gets nice stock bounce on $131M in contracts. Now it needs to start producing.
Fort Lauderdale, Fla.-based Magnum D’Or Resources (OTCBB: MDOR) today announced a contract extension with National Sales and Supply (NSS) for rubber shards made of recycled tires, sending shares of the pennystock company up 32 percent today, to close at 33 cents.
The five year, $40 million contract is an extension of previous $12.5 million deal with NSS, Magnum founder and chairman Chad Curtis told Cleantech Group.
According to Curtis, NSS recently signed a contract with Wal-Mart to distribute rubber nuggets to all its U.S. stores.
“Magnum is looking to be NSS’s key, if not largest distributor [of rubber nuggets],” said Curtis.
Rubber nuggets and rubber buffings, made from recycled tires, are the “green” answer to mulch, the wooded material most commonly found in playgrounds and landscaping.
Two months ago, Curtis said the company signed a separate $91 million mulch contract for rubber buffings with NSS, one of the largest suppliers of mulch in North America.
Yet, interestingly, with $131 million in contracts, the company isn’t exactly producing the nuggets nor the buffings—not yet, anyway.
Earlier this year Magnum received approval for its $19 million production facility in Magog, Canada, and is currently shipping equipment from its German partner, ARTech Recycling Technick.
Michel Boux, general manager and senior engineer with Magnum explained the company expects to begin producing buffings in its Canadian Crumb Rubber Plant within the next month and a half, with nuggets in production within the next three months.
According to Curtis, the Magog-based plant will be its first of many plants the company will have in North America, and noted the next plant location would likely be in Florida.
As the company’s main adviser, Curtis noted that the rubber mulch market was just the beginning for the company that has experienced several transitions since its inception in 1999.
“Magnum will rapidly expand and be the largest [mulch] supplier in North America,” boasted Curtis. “We’ll also be moving into powders.”
According to Curtis, the company plans to make “high quality rubber powder and thermoplastics elastomers (TPE).”
With powders, the company will be able to do thermal plastic replacements, ultimately reducing the cost for plastic by up to 40 percent, explained Boux.
“We’ll be able to mold and produce specific types of products such as replacement parts for your car or laptop,” continued Boux.
“We will grow, but what’s going to make Magnum in the market in the near term are nuggets and buffings,” added Curtis.
According to the two men, there are currently no other public companies producing nuggets, buffings and powders.
Companies like Lakin Tire and PermaLife recycle tires, and the latter offers colored rubber mulch, but apparently not in the quantity that Magnum promises.
In terms of powder, Naples, Fla.-based Lehigh Technologies said it’s currently recycling rubber into powder, and has a recent venture round of $18 million to prove it (see Rubber, water and waste get investor interest).
“Our distinction is after the powder is made,” said Curtis. “It’s what we do with the powders. Nobody will be able to do what we’re doing.”
“We make rubber, but we can make things from injection molding.”
Curtis said he sees Magnum eventually spinning out some of its nugget and buffing business to focus on producing powder.
“We’ll be a key player,” boasted Curtis.
In terms of dollar amount, Curtis and Boux said powder costs $1000-2000 per ton, buffings cost $380-700 per ton and nuggets cost $200-400 per ton.
“Our plant will be able to produce roughly 15,000 tons of powder,” emphasized Curtis.
“Come this time next year, we’ll be producing powders.”
More:
* Exclusive articles|
* ARTech Recycling Technick|
* Chad Curtis|
* Lakin Tire|
* Lehigh Technologies|
* Magnum D'Or Resources|
* Materials recovery|
* Michel Boux|
* PermaLife|
* U.S. South
* Email this page|
* printprint|
* delicious delicious|
* digg digg|
* hugg hugg|
* reprint reprint
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Aptera pulls in over $24M in funding
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MDOR.OB Green Company & Saving the planet, one tire at a time?
July 2, 2008 - Exclusive
By Carli Ghelfi, Cleantech Group
Rubber recycler Magnum D'Or Resources gets nice stock bounce on $131M in contracts. Now it needs to start producing.
Fort Lauderdale, Fla.-based Magnum D’Or Resources (OTCBB: MDOR) today announced a contract extension with National Sales and Supply (NSS) for rubber shards made of recycled tires, sending shares of the pennystock company up 32 percent today, to close at 33 cents.
The five year, $40 million contract is an extension of previous $12.5 million deal with NSS, Magnum founder and chairman Chad Curtis told Cleantech Group.
According to Curtis, NSS recently signed a contract with Wal-Mart to distribute rubber nuggets to all its U.S. stores.
“Magnum is looking to be NSS’s key, if not largest distributor [of rubber nuggets],” said Curtis.
Rubber nuggets and rubber buffings, made from recycled tires, are the “green” answer to mulch, the wooded material most commonly found in playgrounds and landscaping.
Two months ago, Curtis said the company signed a separate $91 million mulch contract for rubber buffings with NSS, one of the largest suppliers of mulch in North America.
Yet, interestingly, with $131 million in contracts, the company isn’t exactly producing the nuggets nor the buffings—not yet, anyway.
Earlier this year Magnum received approval for its $19 million production facility in Magog, Canada, and is currently shipping equipment from its German partner, ARTech Recycling Technick.
Michel Boux, general manager and senior engineer with Magnum explained the company expects to begin producing buffings in its Canadian Crumb Rubber Plant within the next month and a half, with nuggets in production within the next three months.
According to Curtis, the Magog-based plant will be its first of many plants the company will have in North America, and noted the next plant location would likely be in Florida.
As the company’s main adviser, Curtis noted that the rubber mulch market was just the beginning for the company that has experienced several transitions since its inception in 1999.
“Magnum will rapidly expand and be the largest [mulch] supplier in North America,” boasted Curtis. “We’ll also be moving into powders.”
According to Curtis, the company plans to make “high quality rubber powder and thermoplastics elastomers (TPE).”
With powders, the company will be able to do thermal plastic replacements, ultimately reducing the cost for plastic by up to 40 percent, explained Boux.
“We’ll be able to mold and produce specific types of products such as replacement parts for your car or laptop,” continued Boux.
“We will grow, but what’s going to make Magnum in the market in the near term are nuggets and buffings,” added Curtis.
According to the two men, there are currently no other public companies producing nuggets, buffings and powders.
Companies like Lakin Tire and PermaLife recycle tires, and the latter offers colored rubber mulch, but apparently not in the quantity that Magnum promises.
In terms of powder, Naples, Fla.-based Lehigh Technologies said it’s currently recycling rubber into powder, and has a recent venture round of $18 million to prove it (see Rubber, water and waste get investor interest).
“Our distinction is after the powder is made,” said Curtis. “It’s what we do with the powders. Nobody will be able to do what we’re doing.”
“We make rubber, but we can make things from injection molding.”
Curtis said he sees Magnum eventually spinning out some of its nugget and buffing business to focus on producing powder.
“We’ll be a key player,” boasted Curtis.
In terms of dollar amount, Curtis and Boux said powder costs $1000-2000 per ton, buffings cost $380-700 per ton and nuggets cost $200-400 per ton.
“Our plant will be able to produce roughly 15,000 tons of powder,” emphasized Curtis.
“Come this time next year, we’ll be producing powders.”
More:
* Exclusive articles|
* ARTech Recycling Technick|
* Chad Curtis|
* Lakin Tire|
* Lehigh Technologies|
* Magnum D'Or Resources|
* Materials recovery|
* Michel Boux|
* PermaLife|
* U.S. South
* Email this page|
* printprint|
* delicious delicious|
* digg digg|
* hugg hugg|
* reprint reprint
Cleantech developments making news in the past 24 hours
*
Aptera pulls in over $24M in funding
View the last week of cleantech developments here | Subscribe to full feed Feed
Please update the IBOX as the capital structure listed above was from awhile back. The current and up to date cap is listed here below via the company and T/A.
Common Free Trading: 7,321,543
Common Restricted & Rule 144 stock: 11,352,594
Preferred (Control Block) 10,000,000
Active Total: 28,674,137
These guys are fast. Its back up and fixed. Go to the process tab and the video is on http://www.magnumresources.net/
From what I was told this is the same plant that is being delivery to Magog, Canada however this one is up and running.
Good things coming and this is one hot green company.
Large Scale being 90 thousand sq ft.
Joseph Glusic, CEO of Magnum stated, "With commencement of the first shipment of equipment on its way to the Company's New Magog facility, the company has now begun its mission in becoming one of the leading providers of "Closed Loop & Green Technology." Magnum expects to take possession of its 90,000+ sq ft facility August 1st to begin preliminary modification and construction in preparation of receipt of its equipment."