News!!!!! President of Magnum D'Or Resources Returns from Summit with Development Team
Thursday July 17, 7:30 am ET
FORT LAUDERDALE, Fla., July 17 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR - News; Magnum) CEO Joseph Glusic announces recent visit with development team in Magog, Canada.
Summit meeting with equipment suppliers, facility engineers, and local officials on the delivery, and installation of Magnum's Crumb Rubber Plant complete.
Magnum President and CEO recently hosted a meeting with all pertinent parties expected to participate in the delivery, installation, and start-up of its Crumb Rubber Plant. The meeting was arranged to review and approve the logistics associated with the project initiation anticipated to begin August 1st. In attendance were representatives from Magnum, Artech Recyclingtechnik, Canadian provincial officials, local city administrators, and raw material suppliers.
This was a very important milestone for Magnum, stated Joseph Glusic, Magnum's CEO. This kicks off our first major project in North America that will allow Magnum to transition from a Development stage Company to an operational entity. "We anticipate being in production mode within the next several months following the installation and testing of our initial shipment of equipment from our European Supplier. It was very exciting to have all the participating parties attend our summit and provide constructive input to our project plans, thus providing the opportunity to insure a successful and efficient project completion," said Glusic.
Engineer and General Manager of the Canadian Division, Michael (Michel) Boux stated, "We have now instituted all the relevant steps required to ensure an orderly and timely delivery and installation of our major equipment hardware. It was great to have Mr. Glusic arrange to have all the participants meet in one location prior to the project commencement to ensure all aspects of the project have been properly evaluated. All we need to do is execute our plan, and we will begin our mission to become one of the leading providers of 'green technology.'"
About Magnum:
Magnum is executing its business and marketing plan 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.
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. Used tires represent a material which is ideally suited for recycling because of their unique composition and number of useful end-user products that can be produced through a variety of processes. A number of traditional and innovative methods are available for the recycling of scrap tires, although not all of them represent recycling in its original meaning. These methods differ in regard to their products, feasibility, technical efficiency and ecological compatibility. MDOR's licensed processes and products produce industry leading profitability and ecological impact by breaking used tires down to their most basic and usable components.
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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