FORT LAUDERDALE, Fla., Nov. 13 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR - News) starts production of rubber buffings effective Nov 12th 2008. The company has officially begun production with the 2 newly installed high tech buffing machines and prepares to ramp up production and maximize output of these buffers by next week. Magnum is expecting to receive two additional high performance OTR Buffing machines the week of November 17th, 2008. This will immediately contribute a 300% increase in (output) production. These machines will be installed in an accelerated fashion and
Operations Manager, Carole Larose stated, "We buffed our first rubber tire yesterday and started production at the Magog Plant. This sparks something very great for Magnum and its shareholders. Magnum is the first company to bring these types of green products to the entire province of Quebec."
The productions from these 4 buffing machines are expected to produce 10,000 to 12,000 tons rubber (mulch) buffings per year, at a contracted price of approximately $400 per ton. This equates to an estimated annualized revenue of approximately $4 Million to $4.8 Million USD for buffings alone. Magnum currently has open contracts for up to $18 million USD in rubber (mulch) buffings per year for the next 5 years. Therefore, additional buffers will be added systematically over the next twelve months to increase production as required. Increased revenue will be realized proportionally with the continued addition of buffing equipment plus some economies of scale will provide added profit.
Furthermore, Magnum has negotiated terms to supply supplemental production through a joint venture for rubber nuggets as it ramps up its own production lines. This will allow us to almost immediately begin providing fulfillment of our other contracts with NSS, LLC, thus generating additional near term revenues. Delivery of nuggets is likely to commence as soon as next week.
View video/photos of Magnum's first buffed tire and rubber (mulch) buffing:
Magnum's 98,000+ sq ft mixed use building on approximately 10 acres of land is located at 2035 Rene-Patenaude Magog (Quebec), J1X 7J2 within the Technology Center of Magog. Magnum currently holds open and unfilled contracts with NSS, LLC equating to over $130 Million USD over the next five years for the production of both rubber nuggets and rubber buffings.
Magnum owns the exclusive rights to North America and future Global Rights to an array of next generation of cost saving custom compounds, patents, process technology, and trade secrets of Sekhar Research Innovations that will allow for rubber to be reconstituted and specially blended into EPDM powders, and EPDM compounds. Magnum/SRI have and are developing new high tech custom compounds, processing aids, recycling solutions, and advanced state of the art equipment.
Buffing Machines, Classifiers, Cyclones, Dust Collectors, Conveyors, and Bagging:
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 Joseph Glusic, CEO, 305-420-6563 www.magnumresources.net mdor@magnumresources.net
-------------------------------------------------------------------------------- Source: Magnum D'Or Resources, Inc.
News 
Market Data 
Discover 
AI
