From what I understand, any potential dealings with China takes a long time to develop. If the company made any initial inroads, it stands to reason that they wouldn't comment until there was something solid in the works.
Magnum Announces Possible Joint Ventures in China and Provides Update
2008-09-18 14:42 ET - News Release
FORT LAUDERDALE, Fla., Sept. 18 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. announces one of its directors from the advisory board, Holly Chan, will be flying to China September 19th 2008 to discuss and entertain a variety of joint Ventures and private institutional investors that have shown some serious interest in Magnum's, "Green Close Loop Technology."
Chairman Joe Glusic stated, "Magnum has been in discussions to enter China over the past year and we are excited to finally see the light at the end of the tunnel. Mrs. Holly Chan had previously flown to Germany on behalf of Magnum in late 2007 to formally introduce our technology and know-how to both Government Officials and a world-renowned recycling company that has shown some serious interest in working with Magnum. We look forward to updating our shareholders in the near future."
Magnum has completed the plant layout including the electrical wiring and set up for the installation. Both of the additional 14 x 15 foot doors are being utilized for feeding the buffed tires back into our Turnkey Crumb Rubber Recycling plant so that additional rubber nuggets, crumb rubber and high quality/price metal will be completed by September 19th 2008. The installation of the primary shredder will be completed in about one week so that preliminary tests can be done with the tires we recently received.
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'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 including: establishing Turnkey Recycling/Waste Management facilities; design, manufacture, and sell products made with recycled materials; and institute viable solutions to the problem of recycling waste rubber.
Magnum, with its new technology and through licensing rights, owns a number of patents for the re-composition of rubber, the production of EPDM powders, and EPDM compounds that could potentially revolutionize the rubber recycling industry in North America and China. This also includes our closed loop recycling technology using our proprietary know-how for recycling scrap rubber to produce a variety of end products while reducing greenhouse gases.
Magnum's Magog Facility:
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.
About the upcoming Magnum "21st Century Business Solutions Series":
This series will be aired on CNBC, FOX, Hong Kong's Asia Television, and other Leading Networks. Magnum's North American television broadcast will air on CNBC and Fox Business Network to a combined audience of 114 million cable households.
About the upcoming "Our Planet and Magnum's Television Series":
This show will be aired multiple times on Fox Business Network, CNN Headline News, Discovery Channel, CNN, MSNBC and Regional News Network, along with other networks.
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
Magnum D'Or Resources, Inc.
CONTACT: Joseph Glusic, CEO, +1-305-420-6563, mdor@magnumresources.net