Magnum CEO Travels to Colorado to Conclude Agreements for Scrap Tire Land Fill and Magnum Magog Facility Announces Delivery of Large Scale Crumb Rubber/Nugget Plant
Posted on: Wednesday, 13 May 2009, 21:00 CDT
Furthermore Magnum's Magog Facility will be receiving 3 truck loads (53 footers) today, another 2 truck loads next week, with new equipment and machines to complete the Phase 2 and 3 crumb rubber and rubber nugget production lines. This includes a Granutech Grizzly M80 system, in feed conveyors, vibratory discharge conveyors, cross belt magnetic systems, knife hog system, aspiration systems, classifiers, electrical control panels, and much more. Magnum's VP Michel Boux and production manager
This plant will be capable of producing rubber nuggets, crumb, granules and a powders division. Production is expected to be between 15,000 to 20,000 tons of rubber/year with the possibility of fine tuning operations to produce in excess of 25,000 tons annually. Variety of these products will range from
CEO of Magnum,
Patton-Boggs http://www.pattonboggs.com/ has been retained as our legal advisors. More information will be released, including a conceptual plan for the facility in the near future.
In an effort to create shareholder value, Magnum has recently reduced
2,765lbs OTR 'Black Gold' Tire Buffing: http://www.youtube.com/watch?v=x8HKxofY4sc
MDOR "Buy" Rating: Cohen Independent Research Group (CIRG), Wall Street's leading independent research firm, recently initiated unsolicited non-compensated coverage on Magnum D'Or Resources, Inc. They issued a "BUY" recommendation with a Target Price of
Magnum's 98,000+ sq ft facility is located in
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 and videos http://magnumresources.net/view-investors.php?id=180 or http://www.magnumresources.net/view-investors.php?id=199
SRI visit 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.,
SOURCE Magnum D'Or Resources, Inc.
Source: PR Newswire
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