MAGOG, Quebec, Jan. 14 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR) (the "Company") announced today that its wholly-owned subsidiary, Magnum Engineering, Inc., has ordered custom equipment and machines that are expected to be shipped, installed and put into operation at the Company's Magog, Quebec facility during the first quarter of 2010.
The Company anticipates that after this equipment and machinery is put into operation, the Company should be able to begin producing specific forty mesh ultra-fine rubber powders for the North American rubber market. This equipment may enable the Company and its partners to offer rubber compound manufacturers and international tire manufacturer's low-cost compounds that can be substituted in high specification compound applications for virgin rubber raw materials.
Bryan Brammer, the Company's Chief Operating Officer, commented that "We are excited about installing and operating this new equipment, and we hope this equipment will permit the Company to offer low-cost rubber powders to its customers in the future."
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.