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

[w6w9t8015]

NEWS NEWS

Magnum Fills New GNR Technologies Order, Delivers 36,000 Pounds of Secondary Rubber Buffings, and Updates the Market
Tue Apr 28, 10:31 PM
Email Story IM Story Printable View
FORT LAUDERDALE, Fla., April 28 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR.OB), a next generation rubber recycling solutions company, announced today GNR Technologies received another 18 tons of Magnum's product, and has reserved additional production batches.


Visit

to view a video of GNR Technologies products being loaded at Magnum's Magog Facility


Magnum Canada is now providing some products to local communities. According to Mike Boux, VP of Magnum, "People are so happy to reduce their landscaping maintenance and increase safety for their young ones. We now work with a pour in place rubber specialist to combine pour in place projects with our beautiful mulch."


Magnum Canada has also begun discussions with a prominent Ontario plastics producer to combine plastic with up to 70% recycled rubber in their products. Magnum is also developing new relationships with notable European companies that specialize in the asphalt and rubber compounds industry. Initial meetings have already prompted further discussions.


Magnum is also moving a step closer to the reactivation of 40 mesh powders from the large OTR tires processed in Magog. Sample test results should be returned from Magnum SRI Malaysia Lab in the near future. View recent Mangum/SRI Next Generation Custom Compound positive trials http://magnumresources.net/view-investors.php?id=180


Startup of the tire recycling plant (nugget, granules and powders division) will begin Thursday with Phase I testing of all large components, control panels, handling equipment, and conveyors. Production of between 15,000 to 20,000 tons of rubber/year is anticipated with the possibility of fine tuning operations to produce in excess of 25,000 tons annually. Boux exclaimed, "We are getting ready for the BIG day when our plant is in full production with a range of products no one else will have. Some of these products will range from $200 to over $2,500 USD a ton."


Cohen Independent Research Group (CIRG), Wall Street's leading independent research firm, recently initiated unsolicited non-compensated coverage on Magnum D'Or Resources, Inc. They issued a "BUY" recommendation with a Target Price of $2.67 per share. CIRG provides an in-depth analysis, including 5-year financial and valuation projections, on Magnum's business and its significant growth drivers. Research Report and "Buy" recommendation visit: http://www.grass-roots-distribution.com/mdor-report.pdf


Magnum will also be updating the market very shortly regarding its recent $15,000,000 USD agreement with SIMCO Group. The specific terms disclosed in our SEC filings were very favorable and the disbursement is expected shortly. MDOR's CEO Joseph Glusic stated, "The financing has been closed and all the terms have been satisfied as of the announcement date; however, due to the recent government required 'stress tests' and other banking requirements now instituted, we have had to endure a delay in disbursement that is now common throughout the credit markets." To view this earlier news http://www.magnumresources.net/view-news.php?id=177 or view the filing http://www.magnumresources.net/view-news.php?id=178


About Cohen Independent Research Group (http://www.cohenresearch.com/)

Http://www.grass-roots-distribution.com/home.php is CIRG's small cap distribution website. Based in San Rafael, California, CIRG has a strong record of working with emerging growth companies in the U.S. that do not have current analyst coverage, but who, according to Mr. Cohen's proprietary valuation techniques, are "undervalued gems and destined for long-term growth and success." CIRG includes nine PhD's (three with MD's), two MD's, six CFA's (chartered financial analyst), three with CPA's (certified public accountant) and 21 analysts covering most industries.


Founded and led by D. Paul Cohen, founder of Bear Stearns Western Regional Offices, D. Paul Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen's partners were Sanford I. Weill (past Chairman and CEO of CitiGroup and past Chairman of Salomon Smith Barney) and Arthur Levitt (past Chairman of the SEC).


Magnum's 98,000+ sq ft facility is located in Magog (Quebec). Magnum currently holds over $130 Million USD in open contracts for the production of rubber nuggets and rubber buffings (mulch).


Magnum/SRI are currently using their advanced technologies to produce next generation rubber recycling solutions for custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders for the global market.


SRI visit http://www.srielastomers.com/


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.


Contact: