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

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Magnum CEO Travels to Colorado to Conclude Agreements for Scrap Tire Land Fill and Magnum Magog Facility Announces Delivery of Large Scale Crumb Rubber/Nugget Plant
May 13, 2009 10:00:00 PM


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View Additional ProfilesFORT LAUDERDALE, Fla., May 13 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR), a next generation rubber recycling solutions company, announced today the Phase 1 startup of the Crumb Rubber and Nugget plant. This includes shredders, classifiers, control panels, handling equipment, and conveyors. To view recent test run:

Furthermore Magnum's Magog Facility will be receiving 3 truck loads (53 footers) today, another 2 truck loads next week, with new equipment and machines to complete the Phase 2 and 3 crumb rubber and rubber nugget production lines. This includes a Granutech Grizzly M80 system, in feed conveyors, vibratory discharge conveyors, cross belt magnetic systems, knife hog system, aspiration systems, classifiers, electrical control panels, and much more. Magnum's VP Michel Boux and production manager Carole Larose will supervise immediate equipment installation in order to be in full production as soon as possible. Local demand is ramping up for Magnum's valuable rubber products.


This plant will be capable of producing rubber nuggets, crumb, granules and a powders division. Production is expected to be between 15,000 to 20,000 tons of rubber/year with the possibility of fine tuning operations to produce in excess of 25,000 tons annually. Variety of these products will range from $200 to over $2,500 USD a ton.


CEO of Magnum, Joseph Glusic traveled to Colorado today with plant manager to conclude negotiations and agreements with Tire Recycling, Inc. of Hudson, Colorado. This new facility will be Magnum's new USA Facility, located on a parcel of approximately 120 acres of high grade commercially zoned land, it consists of buildings, equipment, and inventory in excess of 30,000,000+ tires. The initial accelerated plans for the facility is to process, test, and produce various profitable rubber products.


Patton-Boggs http://www.pattonboggs.com/ has been retained as our legal advisors. More information will be released, including a conceptual plan for the facility in the near future.


In an effort to create shareholder value, Magnum has recently reduced $927,000 USD of its outstanding debt held by investors of the company.


2,765lbs OTR 'Black Gold' Tire Buffing:

MDOR "Buy" Rating: 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'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. View recent Mangum/SRI Next Generation Custom Compound positive trials and videos http://magnumresources.net/view-investors.php?id=180 or http://www.magnumresources.net/view-investors.php?id=199


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: Magnum D'Or Resources, Inc., Fort Lauderdale, www.magnumresources.net, [e-mail]



SOURCE Magnum D'Or Resources, Inc.



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Magnum D'Or Resources
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