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Magnum Updates Acquisition of U.S. Tire Landfill Operator and Prepares for New Rubber Recycling Equipment to Arrive at Magnum Magog Facility

Posted on: Monday, 20 April 2009, 05:45 CDT

FORT LAUDERDALE, Fla., April 20 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR) releases positive news about U.S. Tire Landfill and announces upcoming shipment of rubber recycling equipment to be delivered to Magnum's Magog Plant.

The company is pleased to announce that additional equipment is ready to be shipped to our Magog Facility to help increase current production. This will help fulfil the current 5 year, $40 million USD, rubber nugget contract with NSS, LLC/Majestic Rubber Mulch. The additional equipment will also provide Magnum the capacity to rapidly increase crumb rubber production at Magog and supply potential clients, including additional test batches to the Magnum/SRI Malaysian test laboratory. This new equipment will increase company production by up to 20,000 tons per year.

As an update to the recently announced landfill acquisition, Joseph Glusic, President and CEO of Magnum, stated, "Due to the numerous inquiries from shareholder, investors, and clients regarding size, cost, location, etc. of the facility Magnum recently announced it was in negotiations with, we are pleased to inform the public that things are progressing rapidly. We anticipate the release of a formal Letter-of-Intent shortly, followed expeditiously by several agreements that will lay out a schedule for due diligence, terms, and interim operations of the facility."

Glusic went on to say, "Although I cannot divulge the specific facility and its operator at this time, suffice it to say that the facility is strategically located for our current and near term expansion requirements and it contains sufficient inventory (20,000,000+ tires) to accommodate our needs. It is located on a large enough site (50+ acres) to allow for considerable site development."

Further details will be released once financial terms have been satisfied and due diligence has progressed to a suitable point. We anticipate completion of this acquisition within 90-120 days. Arrangements have also been made to retain one of the nations top environmental law firms to review the acquisition terms and to provide the necessary support required for a smooth transition in regards to permitting, environmental evaluations, contract reviews and acquisition related agreements and contracts.

This new development coupled with the recent Phase II Magnum/SRI compound trials gives Magnum the necessary assets and components to take wastes from a cradle to grave scenario. Initial plans envision a facility on the land fill site to process, test, and produce various products right from the source. This will also ensure adequate long term supply to our Canadian facility in an economic fashion.

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

Magnum's 98,000+ sq ft facility is located at 2035 Rene-Patenaude, Magog (Quebec), J1X 7J2. Magnum currently holds over $130 Million USD in open contracts for the production of rubber nuggets and rubber buffings (mulch).

View MDOR videos/photos http://www.magnumresources.net/investors.php

Visit SRI http://www.srielastomers.com/

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 company is not required to update its forward-looking statements.

Contact: Magnum D'Or Resources, Inc., Fort Lauderdale Investor relations: 305-420-6563 mdor@magnumresources.net www.magnumresources.net

SOURCE Magnum D'Or Resources, Inc.

Source: PR Newswire

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