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Magnum USA Adds New OTR Tire Disposal Client From Northern Colorado
HUDSON, Colo., Dec. 23 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. ("Magnum") (OTC Bulletin Board: MDOR), a next generation rubber solutions company, is proud to announce a new OTR (off the road) tire collection and disposal client located in Northern Colorado. Magnum's newest client is the largest used and new OTR tire dealer in the region. To date, Magnum has already accepted over 35 tons (70,000 pounds) of OTR tires and conservatively estimates that an additional 50 tons (100,000 pounds) per month will be disposed of for the foreseeable future.
Magnum's new OTR client comes on the heels of the recent announcements of Magnum's other new clients at the Hudson Facility, including Weld County (http://www.co.weld.co.us/), which is the third most extensive and the ninth most populous of the 64 counties of the state of Colorado, and the city & county of Denver (http://www.denver.org/), the capital and most populated city in the state of Colorado.
Bryan Brammer, COO of Magnum USA, commented, "We are incredibly pleased to welcome this new client to the Magnum family. OTR tires represent a very unique product due to the quality and quantity of rubber used in manufacturing these tires. It has been exciting to work on securing new tire sources and disposal clients in order to help provide for a cleaner and greener Colorado while also increasing revenue streams (tipping & disposal fees) for Magnum USA. We are currently in talks with a wide variety of clients including other counties and cities and look to update the market in the near future."
About MDOR: Magnum's positioned to become a global leader in rubber recycling solutions by utilizing proprietary "green" technologies. Magnum, through its partner, SRI, controls exclusive rights to a variety of Next Generation technologies & patents that could potentially revolutionize the rubber recycling industry worldwide. Magnum/SRI are currently using these technologies to produce next generation custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders for the global market. Magnum/SRI Next Generation custom compounds can be substituted in high specification compound applications with no appreciable loss in properties or performance, thus adding a substantial & meaningful reduction in raw material cost for clients without compromising product performance and quality.
Magnum's Quebec facility is 98,000+ sq. ft. and currently produces rubber buffing, nuggets, and crumb from recycled scrap tires. Company holds over $130 Million USD in open contracts.
Magnum's Colorado facility consists of 120 acres of commercially zoned land, buildings, equipment, and inventory of roughly 30 to 40 million tires. The facility is one of the largest tire landfills in the world.
Magnum Engineering International: wholly owned subsidiary of Magnum specializing in developing turnkey recycling plants and complete environmental & economical 'Green' solutions.
Magnum/SRI Independent Test Results from Rubber Research Institute of Malaysia Mark Historic Event for the Rubber Industry: http://magnumresources.net/investors/565, http://magnumresources.net/news/607.
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 results anticipated by any or all of these forward-looking statements may not occur. The company is not required to update its forward-looking statements.
Contact:
Magnum D'Or Resources, Inc.,
Fort Lauderdale, FL
1-954-315-3883
www.magnumresources.net
mdor@magnumresources.net
Green Tech International Advisors
Corporate and Business Strategies
1-561-674-2169
www.greentechinternationaladvisors.com
info@greentechinternationaladvisors.com
SOURCE Magnum D'Or Resources, Inc.
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