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Wednesday, August 06, 2008 8:19:56 AM
News MDOR.OB Magnum Acquires Large Scale Facility in Magog, Canada
Wednesday August 6, 8:00 am ET
FT. LAUDERDALE, Fla., Aug. 6 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR - News) announced that the Company has executed a lease with the option to purchase a 98,000+ sq ft multi-use facility within the Technology Center of Magog, Quebec, Canada.
Joseph Glusic, CEO of Magnum stated, "Magnum's environmentally 'Clean and Green' Technology Crumb Rubber Production Facility:
Now available for occupancy, the facility, located at 2935 Rene-Patenaude Magog (Quebec), J1X 7J2 is comprised of a 98,000+ sq ft mixed use building located on approximately 10 acres of land in Magog, Canada. The facility will accommodate production lines for both nuggets and buffings. Magnum will also produce ultra fine rubber powders, EPDM powders, EPDM compounds, thermoplastics, and thermoplastics elastomers at the plant."
Recent pictures of the Facility here
http://016aa3c.netsolhost.com/GDX-Pic1.gif
http://016aa3c.netsolhost.com/GDX-Pic2.gif
http://016aa3c.netsolhost.com/GDX-Pic3.gif
http://016aa3c.netsolhost.com/90000.jpg
Magnum has received substantial support in its efforts in locating the facility in Magog from the Royal Bank of Canada as well as the Local, Federal, and Provincial Governing Bodies:
Magnum is currently in negotiations with Federal and provincial governing bodies for funding that includes: grants, project funding, and financial assistance offered by the Ville de Magog and other government programs offered by both the Quebec and Canadian governments. Magnum will be provided with technical support at each stage of the industrial project, including availability to set up a local committee to support the different stages of the venture. This group may include people from the Town of Magog, the Local Employment Centre (CLE), and the Centre local de developpement (CLD). The resources developed through this group will allow Magnum to obtain maximum support at each step of development that includes: permitting, facility construction, employment of qualified manpower, or developing relations with the various municipal services.
Magnum is working closely and cooperating with Canadian official and General Director Ghyslain Goulet of CLD de la MRC de Memphremagog, to integrate its operations into the local economy. www.cldmemphremagog.com
Magnum's New Magog Facility:
Magog is well known as a rubber and plastics epicentre that sits in the Estrie region and in the MRC Memphremagog. It benefits from an exceptional geographic location since it is situated on the Canadian-American border. The location provides quick access to several markets, such as Quebec, Canada and the United States. The Interstate 91 leads directly into the states of Vermont and New Hampshire and is close to the states of Maine, Massachusetts and New York.
About Magnum:
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.
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.
Magnum is rapidly expanding to become a Global Leader in the Recycling industry, by providing: Turnkey Recycling Plants, Operational Assistance, Consulting Resources, Waste Management Solutions, and Heavy Recycling Equipment Supplies for producing high quality raw materials.
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
Source: Magnum D'Or Resources, Inc.
Wednesday August 6, 8:00 am ET
FT. LAUDERDALE, Fla., Aug. 6 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR - News) announced that the Company has executed a lease with the option to purchase a 98,000+ sq ft multi-use facility within the Technology Center of Magog, Quebec, Canada.
Joseph Glusic, CEO of Magnum stated, "Magnum's environmentally 'Clean and Green' Technology Crumb Rubber Production Facility:
Now available for occupancy, the facility, located at 2935 Rene-Patenaude Magog (Quebec), J1X 7J2 is comprised of a 98,000+ sq ft mixed use building located on approximately 10 acres of land in Magog, Canada. The facility will accommodate production lines for both nuggets and buffings. Magnum will also produce ultra fine rubber powders, EPDM powders, EPDM compounds, thermoplastics, and thermoplastics elastomers at the plant."
Recent pictures of the Facility here
http://016aa3c.netsolhost.com/GDX-Pic1.gif
http://016aa3c.netsolhost.com/GDX-Pic2.gif
http://016aa3c.netsolhost.com/GDX-Pic3.gif
http://016aa3c.netsolhost.com/90000.jpg
Magnum has received substantial support in its efforts in locating the facility in Magog from the Royal Bank of Canada as well as the Local, Federal, and Provincial Governing Bodies:
Magnum is currently in negotiations with Federal and provincial governing bodies for funding that includes: grants, project funding, and financial assistance offered by the Ville de Magog and other government programs offered by both the Quebec and Canadian governments. Magnum will be provided with technical support at each stage of the industrial project, including availability to set up a local committee to support the different stages of the venture. This group may include people from the Town of Magog, the Local Employment Centre (CLE), and the Centre local de developpement (CLD). The resources developed through this group will allow Magnum to obtain maximum support at each step of development that includes: permitting, facility construction, employment of qualified manpower, or developing relations with the various municipal services.
Magnum is working closely and cooperating with Canadian official and General Director Ghyslain Goulet of CLD de la MRC de Memphremagog, to integrate its operations into the local economy. www.cldmemphremagog.com
Magnum's New Magog Facility:
Magog is well known as a rubber and plastics epicentre that sits in the Estrie region and in the MRC Memphremagog. It benefits from an exceptional geographic location since it is situated on the Canadian-American border. The location provides quick access to several markets, such as Quebec, Canada and the United States. The Interstate 91 leads directly into the states of Vermont and New Hampshire and is close to the states of Maine, Massachusetts and New York.
About Magnum:
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.
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.
Magnum is rapidly expanding to become a Global Leader in the Recycling industry, by providing: Turnkey Recycling Plants, Operational Assistance, Consulting Resources, Waste Management Solutions, and Heavy Recycling Equipment Supplies for producing high quality raw materials.
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
Source: Magnum D'Or Resources, Inc.
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