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

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Magnum Releases Next Generation Retread Compound Tire, Ships Samples to Magnum/SRI Lab for Testing, and Updates Nugget/Crumb Rubber Plant
May 21, 2009 9:00:00 AM


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View Additional ProfilesFORT LAUDERDALE, Fla., May 21 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR), a next generation rubber recycling solutions company, announced today the company's first ever next generation retread compound tire made from a custom designed Magnum/SRI mold. Magnum Canada continues to ship additional 20, 30, and 40 mesh powders derived from OTR tire buffings produced at its Magog facility to the Magnum/SRI Malaysian Laboratory for additional testing. These samples will be combined and formulated to immediately test and produce premium next generation custom compounds.


In addition, the recently delivered Granutech Grizzly M80 System has been installed and is being tested prior to being put into production. New equipment continues to arrive at the facility to increase production and produce additional refined output. Magog will continue to receive additional equipment and machinery over the next several weeks as it increases capacity.


To view video and photos of the Nugget/Crumb Rubber Plant, Magnum/SRI Lab powders, and Retread tire sample: http://magnumresources.net/view-investors.php?id=201


As an update on Magnum's targeted acquisition, CEO of Magnum, Joe Glusic stated, "I have just returned from a recent trip to the Colorado facility and will be visiting Magog next week. The purpose of both trips is to initiate coordination of activities between the facilities. We have already determined the mutual benefits that will be realized from the acquisition and are beginning to work through the logistical issues surrounding the material handling and development. I will update the market upon my return from Magog, but anticipate conducting some media events while in Canada."


About MDOR: 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 Mangum/SRI Next Generation Custom Compound positive trials and videos http://magnumresources.net/view-investors.php?id=180 http://www.magnumresources.net/view-investors.php?id=199


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


MDOR's recent "BUY" Rating and Targeted future share price of $2.67, was reported by Cohen Independent Research Group (CIRG), one of Wall Street's leading independent research firms. CIRG initiated its unsolicited non-compensated coverage on Magnum D'Or Resources, Inc. and issued an independent "BUY" recommendation with the Target Price of $2.67 per share. Research Report and "BUY" recommendation information is available at: http://www.grass-roots-distribution.com/mdor-report.pdf


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, FL
www.magnumresources.net
[e-mail]
1-305-420-6563

SOURCE Magnum D'Or Resources, Inc.



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