Magnum Recycling USA Receives County Approval for Acceptance of Tires and Future Operations in Colorado
November 9, 2009 05:30 AMHUDSON, Colo., Nov. 9 /PRNewswire-FirstCall/ — Magnum D’Or Resources, Inc. (OTC Bulletin Board: MDOR – News), a next generation rubber solutions company, announces its wholly owned subsidiary, Magnum Recycling USA received full operational permits and license authority for its Hudson, Colorado 120+ acre Tire Landfill facility. Magnum can now swiftly move forward with its Environmentally ‘Green’ Technology using its Closed Loop Rubber Recycling Solutions at this production facility.
On November 4, 2009, Magnum Recycling USA received unanimous approval from Weld County for the Special Use Permit that governs operation of the Hudson Tire Landfill facility. The permits allow Magnum to accept tires and begin the installation and operation plan of one of the largest Next Generation Rubber Recycling & Solutions Facility.
Joseph Glusic, President and CEO of Magnum, stated, “We have accomplished significant strides during a very short period of time. This marks the beginning of what will be a rapid expansion at our Hudson Facility. We accomplished our goal of receiving all of the necessary permits and licenses required to allow full operational activity. We can now unequivocally state that Magnum owns and operates the largest tire landfill in the U.S.A.”
Bryan Brammer, COO of Magnum Recycling USA, commented, “We are now working with Magnum Engineering International (MEI) and its affiliates to transform Magnum’s Tire Landfill into a World Renowned Rubber Solutions Facility. This is a major milestone for both the company and its shareholders. With approximately 400,000 tons of tires and rubber scrap, Magnum can now rapidly accelerate its business strategy to produce high quality fine rubber powders and reactivated proprietary compounds through our strategic partnerships. The Magnum SRI Revolutionary Custom Compounds have recently made rubber recycling history by adding 20% rubber recycled content to an OEM Light Truck Tire and still retain all the performance properties of a Traditional Virgin Rubber Light Truck OEM Tire. We here in Colorado are incredibly excited to be involved in such revolutionary processes.”
Magnum Engineering International, Inc. (’MEI’) http://magnumei.com/, a wholly owned subsidiary of Magnum D’Or Resources (’MDOR’), has commenced working on the Hudson, Colorado site installation and start-up plan as well as working with Magnum SRI to provide all technical and engineering services to build a World Class Rubber Recycling Facility. All equipment and throughput scenarios have been considered and final equipment specifications have been passed on to the equipment manufacturers.
To view about Magnum Recycling USA Facility: http://magnumresources.net/usa
To view photos of the facility: http://magnumresources.net/gallery/?level=album&id=3
About MDOR: 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’s positioned itself to become a global leader in rubber and scrap tire recycling and its Next Generation technology could potentially revolutionize the industry Worldwide.
Photo gallery: http://magnumresources.net/gallery/?level=collection&id=1
Magnum Recycling Canada: Magnum’s Magog, Quebec facility is 98,000+ sq. ft. Magnum is currently producing rubber buffing, nuggets, and crumb from recycled scrap tires. Company holds over $130 Million USD in open contracts.
Magnum Recycling USA: Magnum’s Hudson, Colorado facility consists of 120 acres of high grade 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’) (http://magnumei.com/): Wholly owned subsidiary of Magnum specializing in developing turnkey recycling plants and complete environmental & economical ‘Green’ solutions.
Magnum/SRI are currently using their Revolutionary 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 premium compounds can be substituted in high specification compound applications without appreciable loss in properties or performance. The reason why our clients (market) will prefer to use Magnum/SRI compounds is because they will be able to enjoy a substantial and meaningful reduction in raw material cost without compromising product performance and quality. To visit SRI: http://www.srielastomers.com
Magnum/SRI Independent Test Results from Rubber Research Institute of Malaysia Mark Historic Event for the Global Rubber Industry: http://magnumresources.net/investors/565, http://magnumresources.net/news/607
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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
1-954-315-3883
www.magnumresources.net
mdor@magnumresources.net
Green Tech International Advisors
Investor Relations
1-561-674-2169
www.greentechinternationaladvisors.com