HUDSON, Colo., Jan. 21 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR) (the "Company") announced today that two new retail tire collection companies have partnered with the Company's wholly-owned subsidiary, Magnum Recycling USA, to collect and provide tires to the Company's Hudson, Colorado facility. These new partners have tire-collection routes located throughout the Denver, Colorado metropolitan area, and intend to utilize the Company's monofill and recycling facilities to dispose of the tires that they collect.
In response to these developments, Bryan Brammer, the Company's Chief Operating Officer, stated that "We are excited about the opportunity to work with our new collection partners to increase our sources for waste tire collection. We intend to continue investigating waste tire and disposal opportunities in the future, and we look forward to increasing the activities at our Hudson, Colorado facility."
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.