Magnum Engineers New Custom High Tech Fiber Removal System to Add Additional Revenue Stream, Company Announces New Fiber Clients
Thu Jun 25, 6:00 AMMAGOG, Quebec, June 25 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR.OB), a next generation rubber recycling Solutions Company, announces the engineering of a new custom made fiber removal system in order to help create an additional revenue stream for the company. Furthermore the company is already talking to several clients interested in buying all the fiber that will be produced from this new system. This new high tech system is currently being developed and will be immediately introduced into the current crumb rubber/nugget production line in Magog. This system will consist of several custom made screens, vibrating table, aspiration system, and more in order to help remove the fiber from the all tires we recycle.
Michel Boux, Magnum V.P. stated, "We have been working vigorously to invent our own high tech system in order to remove almost all the fiber from the huge amount of tires we recycle everyday at the Magnum Magog plant. The good news is we discovered a new way to effectively remove the fiber and separate it in order to add an additional revenue stream to the company. Furthermore I have been working with several new and potential clients in order to sell all our output."
Magnum plans to release new photos of this custom engineered system in the very near term including the system in full production.
Recent MDOR Buy Rating: Grass Roots Distribution through Cohen Independent Research Group (CIRG), Wall Street's leading independent research firm, have recently initiated coverage on MDOR, Inc. with a "BUY" recommendation and a $3.14 per share Target Price. Grass Roots & CIRG provides an in-depth analysis, including 5-year financial and valuation projections, on Magnum's business and its significant growth drivers. Research Report and "Buy" recommendation on MDOR visit: http://www.grassrootsrd.com/mdor-report.pdf. Grass Roots & CIRG continued highlights; MDOR.OB is a lucrative investment opportunity for risk adverse investors. We reiterate our BUY rating. Grass Roots & CIRG price targets on MDOR overall range very bullish from $3.14 to $4.34 per share.
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.
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. The Company is also carrying out a number of trials on various compound blends specifically targeted at high specification premium applications. 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.
The reason why Magnum/SRI premium compounds are one of a kind is because they can be substituted in high specification compound applications without appreciable loss in properties or performance. Furthermore, the reason why our clients will prefer to use Magnum/SRI compounds is they will be able to enjoy a substantial and meaningful reduction in raw material cost without compromising product performance and quality. In the competitive environment of rubber product manufacturing this is a major development having a direct impact on our customer's bottom line.
Visit SRI: 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
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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.
Contact:
Magnum D'Or Resources, Inc.,
Fort Lauderdale, FL
1-305-420-6563
www.magnumresources.net
mdor@magnumresources.net
SOURCE Magnum D'Or Resources, Inc.




