Commenting on this development, Joseph Glusic, the Company’s Chief Executive Officer, stated “Magnum is excited about the ongoing installation of equipment at the Magog facility.  We intend to continue to update the market regarding our progress in Magog, as well as the progress regarding the anticipated installation of fine rubber powder equipment at our Hudson, Colorado facility.”

To see pictures of the installation process, please follow the below link:

http://magnumresources.net/news/868

About MDOR:

Magnum D’Or Resources, Inc. (the “Company“) is an entity based in Ft. Lauderdale, Florida engaged in the tire recycling industry.  The Company maintains facilities in Hudson, Colorado that include approximately 120 acres of commercially-zoned land, and these facilities include one of the largest tire landfills in the USA.  The Company currently has exclusive agreements pursuant to which it can utilize new technologies to produce custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders for the global market.  The Company’s wholly-owned subsidiary maintains a facility based in Magog, Quebec that currently produces rubber buffing, nuggets and crumb from recycled scrap tires.  Additional information regarding the Company, its wholly-owned subsidiaries and its technologies is available at www.magnumresources.net.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements contained in this press release contain the Company’s or its management’s expectations and assumptions about future events, are forward-looking statements intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and the results anticipated by any or all of these forward-looking statements may not occur.  In addition, these statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by these forward-looking statements.  Factors that could affect those results include, but are not limited to, those described in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2009, as well as the Company’s subsequent reports on Form 10-Q and Form 8-K,  which have been or will be filed with the Securities and Exchange Commission.

The purpose of the trials was to establish that it is possible to include substantive recycled content in production OEM and replacement tires without compromising performance and safety.  The results of these tests suggest that the Company’s SRI Next Generation Custom Compounds may be able to provide manufacturers recycled tires that operate just as efficiently as virgin rubber tires.

Pursuant to the testing protocol, the Company’s SRI Compound Tires are installed on the rear axles of light trucks to test performance and ware resistance over a 2,500km period.  The 2,500km test is the first of several tests upon which the Company’s tires will be analyzed, and the duration of the tests will increase until the tires are tested on a 30,000km test, representing the average operating life of a light truck tire.  The initial results suggest that the there are limited differences between the Company’s SRI Compound Tires and tires that are produced with original virgin rubber.

The Company intends to repeat this protocol testing several times over the course of the next year to establish the performance levels of the Magnum SRI Compound in different variants of compounds, tire types and applications.

To review Magnum/SRI test results please follow the below link:

http://magnumresources.net/investors/859

About MDOR:

Magnum D’Or Resources, Inc. (the “Company“) is an entity based in Ft. Lauderdale, Florida engaged in the tire recycling industry.  The Company maintains facilities in Hudson, Colorado that include approximately 120 acres of commercially-zoned land, and these facilities include one of the largest tire landfills in the USA.  The Company currently has exclusive agreements pursuant to which it can utilize new technologies to produce custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders for the global market.  The Company’s wholly-owned subsidiary maintains a facility based in Magog, Quebec that currently produces rubber buffing, nuggets and crumb from recycled scrap tires. Additional information regarding the Company, its wholly-owned subsidiaries and its technologies is available at www.magnumresources.net.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements contained in this press release contain the Company’s or its management’s expectations and assumptions about future events, are forward-looking statements intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and the results anticipated by any or all of these forward-looking statements may not occur.  In addition, these statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by these forward-looking statements.  Factors that could affect those results include, but are not limited to, those described in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2009, as well as the Company’s subsequent reports on Form 10-Q and Form 8-K, which have been or will be filed with the Securities and Exchange Commission.

Pictures of the Magnum SRI Truck and Magnum SRI Next Generation Custom Compound Truck Tires.

Pictures were taken at the Rubber Research Institute of Malaysia

Upon completion of the new rubber powder production line, the Company anticipates being able to produce a variety of ultra-fine rubber powders to supply the North American rubber markets. The new equipment, along with the recently announced powder production equipment that the Company anticipates will be installed at its Magog, Quebec facility during the first quarter of 2010, will help the Company and its partners offer rubber compound and end-user manufacturers low-cost compounds that can be substituted in high specification compound applications for virgin rubber raw materials.

Larry Hogan, the Company’s Senior Plant Manager, commented, “The Company has been preparing diligently for the second phase of equipment installation at the Hudson, Colorado facility. We look forward to installing the new equipment and machinery, and to moving toward full production.”

About MDOR:

Magnum D’Or Resources, Inc. (the “Company”) is an entity based in Ft. Lauderdale, Florida engaged in the tire recycling industry. The Company maintains facilities in Hudson, Colorado that include approximately 120 acres of commercially-zoned land, and these facilities include one of the largest tire landfills in the USA. The Company currently has exclusive agreements pursuant to which it can utilize new technologies to produce custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders for the global market. The Company’s wholly-owned subsidiary maintains a facility based in Magog, Quebec that currently produces rubber buffing, nuggets and crumb from recycled scrap tires. Additional information regarding the Company, its wholly-owned subsidiaries and its technologies is available at www.magnumresources.net.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements contained in this press release contain the Company’s or its management’s expectations and assumptions about future events, are forward-looking statements intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and the results anticipated by any or all of these forward-looking statements may not occur. In addition, these statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by these forward-looking statements. Factors that could affect those results include, but are not limited to, those described in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2009, as well as the Company’s subsequent reports on Form 10-Q and Form 8-K, which have been or will be filed with the Securities and Exchange Commission.

Contact:

Magnum D’Or Resources, Inc.
1326 SE 17th Street, Suite 513
Fort Lauderdale, FL 33316
954-315-3883
www.magnumresources.net
mdor@magnumresources.net

In response to these developments, Bryan Brammer, the Company’s Chief Operating Officer, stated that “We are excited about the opportunity to work with our new collection partners to increase our sources for waste tire collection. We intend to continue investigating waste tire and disposal opportunities in the future, and we look forward to increasing the activities at our Hudson, Colorado facility.”

About MDOR:

Magnum D’Or Resources, Inc. (the “Company”) is an entity based in Ft. Lauderdale, Florida engaged in the tire recycling industry. The Company maintains facilities in Hudson, Colorado that include approximately 120 acres of commercially-zoned land, and these facilities include one of the largest tire landfills in the USA. The Company currently has exclusive agreements pursuant to which it can utilize new technologies to produce custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders for the global market. The Company’s wholly-owned subsidiary maintains a facility based in Magog, Quebec that currently produces rubber buffing, nuggets and crumb from recycled scrap tires. Additional information regarding the Company, its wholly-owned subsidiaries and its technologies is available at www.magnumresources.net.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements contained in this press release contain the Company’s or its management’s expectations and assumptions about future events, are forward-looking statements intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and the results anticipated by any or all of these forward-looking statements may not occur. In addition, these statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by these forward-looking statements. Factors that could affect those results include, but are not limited to, those described in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2009, as well as the Company’s subsequent reports on Form 10-Q and Form 8-K, which have been or will be filed with the Securities and Exchange Commission.

Contact:

Magnum D’Or Resources, Inc.
1326 SE 17th Street, Suite 513
Fort Lauderdale, FL 33316
954-315-3883
www.magnumresources.net
mdor@magnumresources.net

The Company anticipates that after this equipment and machinery is put into operation, the Company should be able to begin producing specific forty mesh ultra-fine rubber powders for the North American rubber market. This equipment may enable the Company and its partners to offer rubber compound manufacturers and international tire manufacturer’s low-cost compounds that can be substituted in high specification compound applications for virgin rubber raw materials.

Bryan Brammer, the Company’s Chief Operating Officer, commented that “We are excited about installing and operating this new equipment, and we hope this equipment will permit the Company to offer low-cost rubber powders to its customers in the future.”

About MDOR:

Magnum D’Or Resources, Inc. (the “Company”) is an entity based in Ft. Lauderdale, Florida engaged in the tire recycling industry. The Company maintains facilities in Hudson, Colorado that include approximately 120 acres of commercially-zoned land, and these facilities include one of the largest tire landfills in the USA. The Company currently has exclusive agreements pursuant to which it can utilize new technologies to produce custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders for the global market. The Company’s wholly-owned subsidiary maintains a facility based in Magog, Quebec that currently produces rubber buffing, nuggets and crumb from recycled scrap tires. Additional information regarding the Company, its wholly-owned subsidiaries and its technologies is available at www.magnumresources.net.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements contained in this press release contain the Company’s or its management’s expectations and assumptions about future events, are forward-looking statements intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and the results anticipated by any or all of these forward-looking statements may not occur. In addition, these statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by these forward-looking statements. Factors that could affect those results include, but are not limited to, those described in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2009, as well as the Company’s subsequent reports on Form 10-Q and Form 8-K, which have been or will be filed with the Securities and Exchange Commission.

Contact:

Magnum D’Or Resources, Inc.
1326 SE 17th Street, Suite 513
Fort Lauderdale, FL 33316
954-315-3883
www.magnumresources.net
mdor@magnumresources.net

As previously announced the net proceeds of the financing will be used for general corporate purposes that include procuring equipment to complete production facilities at Hudson, infrastructure improvements, and additional heavy equipment.

Joseph Glusic, President & CEO of Magnum stated, “Anyone that has had to raise commercial financing in the current economic climate can appreciate the significance of this event. The fact that the terms are ‘at market’ and were not discounted implies the strength and potential of the Company. The fact that these institutional investors also chose to accept additional warrants at ‘market price’ indicates the support and commitment that these institutional investors have in Magnum. The warrants issued with this transaction alone can potentially generate an additional $8.75 MM over the next five years for the Company.”

Glusic went on to say, “This financing will allow us to accelerate our production schedule and increase capacity more expeditiously than if we relied on internal funding. This year, 2010, looks to be an exciting year for Magnum.”

On another note, financing sought through ‘the SIMCO Group’ is still proceeding forward although it has been delayed several times. Magnum will update the market on the current status of this funding avenue in the near future.

Magnum would also like to take this opportunity to thank Michel Boux for his passion and tireless efforts exhibited during the start-up of the Magog facility. Mr. Boux has recently stepped down from his Vice President and Director positions due to personal reasons, but will continue to assist the Company on a consulting basis for the foreseeable future. Mr. Marc Boulerice has stepped in to fulfill the vacancy and has worked through the transition over the last several months to ensure a smooth and orderly transfer of responsibilities.

Mr. Boulerice is bilingual in French-English having twenty years of experience as a Director of Manufacturing. Established quality controls for 200 active injection molds, personnel assessment, supervision, and trained staff (50) on three shifts 7 days a week. College Certified in Quality Integral Management ISO 9000 standards, 15+ years experience in the retail business, expertise in inventory control, management supervision, quality control, and implementation strategist. Mr. Boulerice has expertise in developing, strategic planning, managing budgets, establishing performance indices, task analysis and workload. Develop and prepare the schedule for internal and external audits.

Updated Photos: SRI visits the Magnum USA facility to plan for Magnum/SRI Next Generation Custom Compounds: http://magnumresources.net/gallery/?level=album&id=7

About MDOR: Magnum’s positioned to become a global leader in rubber recycling solutions by utilizing proprietary “Green” technology that provides a one-of-a-kind resolution to all of the challenges in eliminating stockpiles of rubber scrap & tires worldwide. Through its partner SRI (http://www.srielastomers.com), Magnum controls exclusive rights to a variety of Next Generation technologies & patents that could potentially revolutionize the rubber recycling industry Worldwide. Magnum/SRI are currently using these technologies to produce next generation custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders for the global market. Magnum/SRI premium compounds can be substituted in high specification compound applications with no appreciable loss in properties or performance, thus adding a substantial & meaningful reduction in raw material cost for clients without compromising product performance and quality.

Magnum’s Quebec facility is 98,000+ sq. ft. and currently produces rubber buffing, nuggets, and crumb from recycled scrap tires. Company holds over $130 Million USD in open contracts.

Magnum’s Colorado facility consists of 120 acres of commercially zoned land, buildings, equipment, and inventory of roughly 30 to 40 million tires. The facility is one of the largest tire landfills in the world.

Magnum Engineering International (’MEI’): is a wholly owned subsidiary of Magnum specializing in developing turnkey recycling plants and complete environmental & economical ‘Green’ solutions.

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.

Contact:

Magnum D’Or Resources, Inc.,
Fort Lauderdale, FL
1-954-315-3883
www.magnumresources.net
mdor@magnumresources.net

Green Tech International Advisors
Corporate and Business Strategies
1-561-674-2169
www.greentechinternationaladvisors.com
info@greentechinternationaladvisors.com

“This is tremendous news and a testament to the commitment Magnum has made to State Legislators and the numerous Colorado regulatory and oversight agencies. This is truly a major accomplishment and one that the State and local officials can be proud of due to their support and faith in our Company,” stated Joseph Glusic, President & CEO of Magnum.

Colorado State Representative Marsha Looper, who has been a long time advocate for the clean-up and disposal of waste tires across the state, indicated in recent correspondence that,”… this is good news and a step in the right direction ….” as Magnum continues forward with its business plans.

Because of the significance of this recent milestone accomplishment, Bryan Brammer, COO of Magnum USA was interviewed by Denver’s Channel 9 TV http://www.9news.com/rss/article.aspx?storyid=129608

Brammer stated, “Seeing the first empty pit really drives home what we are striving to do with this property. When I started with Magnum, this property was disorganized and out of compliance. Now we are cleaning out whole entire pits of discarded tires and producing usable products and feed stock for our own processing needs.”

Furthermore, Magnum USA recently hosted a site tour and meeting with its Malaysian partner, SRI, to discuss design and implementation criteria regarding installation of SRI next generation rubber recycling machines, as well as, discussing production plans for the Hudson Facility. Several hours were spent going over the site planning and development process and how the Magnum/SRI compound production equipment will be integrated into the site production process as installation moves forward.

Brammer also went on to say, “It was great to meet and talk with part of the SRI team that will install and eventually reactivate the powders we will be producing at this facility.”

About MDOR: Magnum’s positioned to become a global leader in rubber recycling solutions by utilizing proprietary “Green” technology that provides a one-of-a-kind resolution to all of the challenges in eliminating stockpiles of rubber scrap & tires worldwide. Through its partner SRI (http://www.srielastomers.com), Magnum controls exclusive rights to a variety of Next Generation technologies & patents that could potentially revolutionize the rubber recycling industry Worldwide. Magnum/SRI are currently using these technologies to produce next generation custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders for the global market. Magnum/SRI premium compounds can be substituted in high specification compound applications with no appreciable loss in properties or performance, thus adding a substantial & meaningful reduction in raw material cost for clients without compromising product performance and quality.

Magnum’s Quebec facility is 98,000+ sq. ft. and currently produces rubber buffing, nuggets, and crumb from recycled scrap tires. Company holds over $130 Million USD in open contracts.

Magnum’s Colorado facility consists of 120 acres of commercially zoned land, buildings, equipment, and inventory of roughly 30 to 40 million tires. The facility is one of the largest tire landfills in the world.

Magnum Engineering International (’MEI’): is a wholly owned subsidiary of Magnum specializing in developing turnkey recycling plants and complete environmental & economical ‘Green’ solutions.

Magnum/SRI Independent Test Results from Rubber Research Institute of Malaysia Mark Historic Event for the Rubber Industry: http://magnumresources.net/investors/565, http://magnumresources.net/news/607.

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.

Contact:

Magnum D’Or Resources, Inc.,
Fort Lauderdale, FL
1-954-315-3883
www.magnumresources.net
mdor@magnumresources.net

Green Tech International Advisors
Corporate & Business Strategies
1-561-674-2169
www.greentechinternationaladvisors.com
info@greentechinternationaladvisors.com

Read more: http://www.denverpost.com/search/ci_14070861#ixzz0bc63C7Oc