Magnum Retains Heenan Blaikie and Announces Its New Wholly Owned Canadian Division
Tuesday June 10, 7:30 am ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Magnum D'Or Resources, Inc. (OTCBB: MDOR) (Magnum) announces 100% ownership in its newly incorporated, wholly owned subsidiary, Magnum Recycling Canada, Incorporated. Magnum has also retained and has been working with the law firm of “Heenan Blaikie.”
“We're accelerating our business plan and have executed all of our milestones both here and abroad,” stated Joseph Glusic, President and CEO of Magnum. “Having now ordered and commenced shipment of our first wholly owned Turnkey Crumb Rubber Plant, Magnum will now be a fully functional and operating entity. Due to the fact we will be in production in the near term this will allow for us to immediately fulfill our open contracts therefore generate in excess of $20 Million USD per year in revenues.”
HEENAN BLAIKIE S.E.N.C.R.L., SRL
Membre de l'Association canadienne des parajuristes
455, rue King Ouest, bureau 210
Sherbrooke (Quebec) Canada J1H 6E9
Updates on the progress, shipments and installation will be posted on our website: www.magnumresources.com.
Magnum is rapidly expanding to become a Global Leader in the Recycling industry. Magnum has the unique opportunity to provide a “Green Solution” to several of the world's common disposal issues which includes our strategy to establish Turnkey Recycling Plants, Operational Assistance, Consulting Resources, waste management facilities; design, manufacture, and sell products made with recycled materials; and institute viable solutions to the problem of recycling waste rubber. This also includes our one of a kind close loop recycling technology using our proprietary knowhow for recycling scrap rubber to produce a variety of end products while reducing greenhouse gases. Magnum, with its new technology and through licensing rights, owns a number of patents for the re-composition of rubber, the production of EPDM powders, and EPDM compounds that could potentially revolutionize the rubber recycling industry in North America and China.
