MAGOG, Canada, Aug. 7 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR - News; Magnum) announces the first shipment of eleven sea land containers have arrived in the port of Montreal and are in the process of being transferred to its recently acquired facility in Magog.
Joseph Glusic, President and CEO of Magnum was recently in Canada to arrange for the orderly arrival and transfer of equipment through Canadian Customs. According to Mr. Glusic, "This marks a major milestone for our company, in that we can now see the tangible results of our many months of efforts to procure our first Wholly Owned Crumb Rubber Plant. With this plant, and other ancillary equipment continuing to arrive over the next several months, Magnum will begin to produce nuggets, crumb rubber, and ultra fine rubber powders."
MDOR processing equipment installed in Magog will provide several varieties of recycled rubber products of variable sizes, based on customer specifications and proposed end uses. "Generally speaking, the size and purity of the end product determines the market price for that specific product," added Glusic.
Magnum's proprietary "GREEN" technology provides a one of a kind solution to all of the challenges in eliminating Stockpiles of Scrap Tires and Global Waste:
The licensed proprietary and patented process that MDOR utilizes produces the finest rubber products available to the market. Furthermore, MDOR's patented processes will produce profitable products that are ecologically friendly by disintegrating used tires down to their most basic and usable components. This high technology plant will be used to design, manufacture, and sell products made with recycled materials; and institute viable solutions to the problem of recycling waste rubber. MDOR will use its licensed patented processes to recycle scrap tires, remove fibers and metal wire, and produce crumb rubber sorted into different mesh sizes for use in various rubber products.
Magnum has formed a close relationship over the past few months with Import/Export Agent is "DANIEL BOLDUC CONSULTANT EN DOUANES INC.", of Sherbrooke (Quebec).
Thus, MDOR will continue developing new compounds, file new patents, and produce products for the rubber powder it manufactures. At this time applications outnumber the amount of available raw material to produce them, thus creating a considerable supply gap for quality recycled rubber powder.
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
Contact: Magnum D'Or Resources, Inc., Fort Lauderdale Joseph Glusic, CEO, 305-420-6563 mdor@magnumresources.net