HUDSON, Colo., Jan. 26 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR) (the "Company"), a high tech rubber solutions company, announced today that its wholly-owned subsidiary, Magnum Engineering, Inc. (MEI), has ordered custom powder production equipment and machines that will be utilized at the Company's Hudson, Colorado facility. This equipment and machinery will be used to produce ultra fine and clean rubber powders, and will also separate and clean fiber, nylon and steel from recycled tires, which the Company intends to sell into other markets. The Company anticipates that this new equipment and machinery will be shipped, installed and put into operation at the Company's Hudson, Colorado facility during the second quarter of 2010. The Company recently processed a single storage pit of scrap tires into feedstock for powder production at the Hudson facility, and has ongoing primary shredding operations.
Upon completion of the new rubber powder production line, the Company anticipates being able to produce a variety of ultra-fine rubber powders to supply the North American rubber markets. The new equipment, along with the recently announced powder production equipment that the Company anticipates will be installed at its Magog, Quebec facility during the first quarter of 2010, will help the Company and its partners offer rubber compound and end-user manufacturers low-cost compounds that can be substituted in high specification compound applications for virgin rubber raw materials.
Larry Hogan, the Company's Senior Plant Manager, commented, "The Company has been preparing diligently for the second phase of equipment installation at the Hudson, Colorado facility. We look forward to installing the new equipment and machinery, and to moving toward full production."
Magnum D'Or Resources, Inc. (the "Company") is an entity based in Ft. Lauderdale, Florida engaged in the tire recycling industry. The Company maintains facilities in Hudson, Colorado that include approximately 120 acres of commercially-zoned land, and these facilities include one of the largest tire landfills in the USA. The Company currently has exclusive agreements pursuant to which it can utilize new technologies to produce custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders for the global market. The Company's wholly-owned subsidiary maintains a facility based in Magog, Quebec that currently produces rubber buffing, nuggets and crumb from recycled scrap tires. Additional information regarding the Company, its wholly-owned subsidiaries and its technologies is available at www.magnumresources.net.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements contained in this press release contain the Company's or its management's expectations and assumptions about future events, are forward-looking statements intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and the results anticipated by any or all of these forward-looking statements may not occur. In addition, these statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by these forward-looking statements. Factors that could affect those results include, but are not limited to, those described in the Company's annual report on Form 10-K for the fiscal year ended September 30, 2009, as well as the Company's subsequent reports on Form 10-Q and Form 8-K, which have been or will be filed with the Securities and Exchange Commission.
SOURCE Magnum D'Or Resources, Inc.