Wednesday, December 23, 2009

Magnum D’Or Resources, Inc. (MDOR.OB) Acquires Additional Tire Disposal Client in Colorado

Magnum D’Or Resources, Inc. announced a new off-the-road (OTR) tire collection and disposal client today. Located in Northern California, MDOR’s new client is the largest new and refurbished tire dealer in the entire region. Having already received over 70k pounds (35 tons) of OTR tires, and with a potential to exceed 50 tons per month in the future, MDOR is well positioned to exploit its innovative reprocessing technologies.

Magnum, through its partner SRI, controls a host of proprietary green technologies for rubber reprocessing, making MDOR poised to explode globally as one of the only major contenders in this emerging sector. Things are really coming together for MDOR as this new client announcement follows directly on the heels of additional new clients recently acquired at their Hudson facility, including Weld County, Colorado.

COO of Magnum USA Bryan Brammer spoke of his pleasure regarding the new client, saying “OTR tires represent a very unique product due to the quality and quantity of rubber used in manufacturing”.

Brammer went on to point out how exciting it was to find new clients like this, and how amazingly fast the business was growing, reinforcing MDOR’s commitment to a very “green” environmental philosophy.

Brammer pointed out that MDOR is currently negotiating with several more potential clients, including cities, counties and entities outside the continental United States, and expressed his delight at being part of MDOR’s success story in creating “a cleaner and greener Colorado while also increasing revenue streams”.

Magnum has several major facilities, including a 98k sq. ft. Quebec location which specializes in rubber crumb, buffing and nuggets for a variety of applications. The company currently holds in excess of $130M in open contracts and has a wholly owned engineering subsidiary developing turnkey solutions for the burgeoning environmental recycling industry.

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