Magnum d'Or Resources, Inc. (fka MDOR)

[pennystock_es]

Magnum D'Or Resources, Inc. Announces the Signing of a Letter of Intent

FORT LAUDERDALE, Fla., Dec 22, 2006 (BUSINESS WIRE) -- Magnum D'Or Resources, Inc. (OTCBB:MDOR) (the "Company") announced today that the Company has entered into a Letter of Intent to acquire Terra Elastomer Technologies S.L. ("Terra").

Chad Curtis, the newly appointed President and Chief Executive Officer said, "This represents our first step towards growing the Company through strategic acquisitions."

Terra, through it subsidiaries, is a manufacturer of granulator and state of the art shredding equipment for use in the recycling industry and has progressed to designing and building recycling and electronic scrap plants under commission from non-affiliated third parties.

Inteso, a subsidiary of Terra, reprocesses elastomer-based waste and scrap materials which result from the manufacture of industrial rubber goods and tires. Through its patented process utilizing cryogenics, Inteso's process allows production of grain-like rubber materials to a precise determination in accordance with customers' specifications.

Another division of Terra's subsidiaries, as a result of the overall expertise of Terra and its subsidiaries produces and markets EUR pallets in either standard or custom-made dimensions dependent upon the application for which the pallet is intended to be used.

Other Terra subsidiaries are engaged in research and development of programs all related to the recycling of waste materials for use not only internally within the Terra corporate structure but under contract to others as well.

Mr. Curtis went on to state that in order to accommodate the acquisition of Terra, as well as other future acquisitions, he could anticipate a capital restructuring of the Company, but no definitive plan has been discussed or finalized.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:

This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as TI or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could causes actual results to differ materially from those in forward-looking statements.

SOURCE: Magnum D'Or Resources


CONTACT: Magnum D'Or Resources, Fort Lauderdale
Chad Curtis, 305-420-6563
[e-mail]

Copyright Business Wire 2006
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KEYWORD: United States
North America
Florida
INDUSTRY KEYWORD: Energy
Alternative Energy
Coal
Manufacturing
Chemicals/Plastics
Engineering
Steel
Natural Resources
Agriculture
Environment
Forest Products
Mining/Minerals

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