~NEWS OUT The company has new clients and is growing beyond its original $131 million in open contracts. This is great news for investors.
Magnum Announces Addition of New Client and Ships New Products
* Wednesday February 4, 2009, 8:00 am EST
QUEBEC, Feb. 4 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDORE - News) announces the addition of GNG Technologies as a new client for its secondary rubber buffings and ships its first order.
Mike Boux, V.P. of Magnum, stated, "Magnum now has a variety of new and potential clients looking to purchase our high quality & performance rubber products. Our new client, GNR Technologies, is based in Montreal and will use these rubber buffings for their custom molding. We have just received purchase orders totaling in excess of 15,000 pounds of custom made buffings of 5 to 20 mesh size. This shows the versatility of our processing capabilities at Magog. We can now customize different sizes for our client's needs that can then be used for different applications."
"We have formed a great working relationship with GNR Technologies and expect to continue to expand our product base with them. We anticipate this relationship will grow into a very fruitful situation throughout 2009."
Furthermore, the audit is on track and we look forward to releasing both the 10K and 10Q for our shareholders.
GNR Technologies:
Founded in 1995, GNR Technologies is a market leader in the manufacturing of recycled rubber parking lot safety devices. GNR produces a variety of solutions with the focused mission of promoting safety in parking lots worldwide. Our products emphasize quality workmanship, innovative design, and competitive pricing. Our solutions include Easy Rider speed bumps, Safety Rider mini humps, alley bumps, Park-It car stops, residential parking curbs, and custom molded engineered solutions.
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 buffing. These products are purchased by retail outlets such as Wal-Mart, Home Depot, Costco Wholesale, Lowe's Companies, DuPont, and many others worldwide.
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 http://srielastomers.com/ that will allow for rubber to be reconstituted and specially blended into EPDM powders, and EPDM compounds.
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
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