Exploring the business case for implementing green-tech corporate strategies

Green Technology Journal

Subscribe to Green Technology Journal: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get Green Technology Journal: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn

Green Technology Journal Authors: Liz McMillan, Elizabeth White, Greg Schulz, Allison Thomas, Paul Miller

Related Topics: CEOs in Technology, SEO Journal, Green Technology Journal

News Feed Item

Magnum's Acquisition of Tire Landfill Nears Completion

Magnum/SRI Next Generation and Revolutionary Rubber Recycling Solutions

FORT LAUDERDALE, Fla., Aug. 20 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR), a next generation rubber recycling solutions company, announces that the acquisition of one of the world's largest tire landfills, and perhaps currently the largest in the USA, is in the final stages of closing. The facility is located in Hudson, Colorado and is approximately 50 miles northeast of Denver, Colorado. The facility consists of land, buildings, equipment, and inventory in excess of 30,000,000+ tires. It resides on a parcel of approximately 120 acres of high grade commercially zoned land. The facility is one of the largest tire landfills in the world and is situated close to major infrastructure and rail. Its central location is extremely well situated to accept and supply all of Magnum's current and future facility operations.

Magnum's CEO, Joseph Glusic stated, "This is yet another major milestone accomplished by Magnum's dedication to becoming a major player in the industry. This facility and location solidifies our standing and paves the way for our US operations. I believe with the size and location, that the facility will be a central hub for our company and at the center of our strategic plans for expansion. Its central location as an international business hub makes it perfect for business access worldwide. This is just the beginning of some very exciting developments on the horizon."

About: Magnum's 98,000+ sq. ft. facility is located in Magog (Quebec). Magnum currently holds over $130 Million USD in open contracts for the production of rubber nuggets and rubber buffing. Magnum's proprietary "GREEN" technology provides a one-of-a-kind solution to all of the challenges in eliminating stockpiles of scrap tires and rubber scrap. Some of Magog's Production http://www.youtube.com/watch?v=G3rMYiI3wUo

Magnum/SRI are currently using their advanced technologies to produce next generation rubber recycling solutions for custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders for the global market. Magnum/SRI tests are targeting premium applications that contain high grade properties. This will allow production of higher yielding compounds which will potentially create higher revenues and profits. This also includes maximizing cost savings for clients while producing high quality materials.

To visit SRI, view: http://www.srielastomers.com/.

View Mangum/SRI Next Generation Custom Compound positive trials: http://magnumresources.net/view-investors.php?id=180 or http://www.magnumresources.net/view-investors.php?id=199

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.


                Magnum D'Or Resources, Inc.,
                Fort Lauderdale, FL
                [email protected]

                Green Tech International Advisors
                Human, Public, Investor Relations
                [email protected]

SOURCE Magnum D'Or Resources, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.