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Magnum Releases 2009 Facility Expansion Plans and Announces Interview with CEO
FORT LAUDERDALE, Fla., Jan. 6 /PRNewswire-FirstCall/ -- Magnum D'OrResources, Inc. (OTC Bulletin Board: MDOR) (Magnum) announces tentative plansfor corporate expansion and announcements during the upcoming year. Expansionand Joint Venture projects anticipated to commence in 2009 could exceed$50,000,000 USD.
Joseph Glusic, President of MDOR, will be featured today on MarketHeadquarters to discuss Magnum's strategy for the upcoming year. Interestedparties can listen to the interview at http://www.marketheadquarters.net/ .
Tentative expansion plans include: Additional equipment installation inMagog, Canada to facilitate rubber powder and specialty blend elastomerproduction; cryogenic and assimilated frozen substrate processing pilot plant;US facilities to further support contract obligations; Malaysian facilityexpansion and market penetration; joint venture agreements with targetedcompanies to complement our growth strategy; and, the establishment of acentralized corporate office.
Magnum is also currently in negotiations with several financialorganizations to fund its expansion plans. More information regarding thesources and the type(s) of conventional financing will be released in the nearfuture.
Magnum will also embark on an aggressive marketing program to increaseinvestor awareness. The company will also continue to update the market on aweekly, if not more often basis, with relevant and informative press releases.Magnum/SRI is proceeding with both the "Our Planet" production serieshttp://www.magnumresources.net/view-news.php?id=9 and the "21st CenturyBusiness Solutions Series" http://www.magnumresources.net/view-news.php?id=25in order to promote our cutting edge technology to the worldwide market in thecoming months. More information will be released about this shortly.
Market Headquarters http://www.marketheadquarters.net/ subscriber list iscompiled of the who's who of Wall Street, institutions such as Morgan Stanley,UBS, Lehman Brothers, Janus Capital Corp, Putnam Investment Management, andFidelity Investments amongst many others, also the many others in theinvestment community.
About Magnum:
Magnum owns the exclusive rights to North America and future Global Rightsto an array of next generation cost-saving custom compounds, patents, processtechnology, and trade secrets of Sekhar Research Innovationshttp://srielastomers.com/ that will allow for rubber to be reconstituted andspecially blended into EPDM powders, and EPDM compounds. Magnum/SRI has andwill continue to develop new high tech custom compounds, processing aids,recycling solutions, and advanced state-of-the-art equipment.
Magnum's Magog, Canada production facility consists of a 98,000+ sq ftmixed use building setting on approximately 10 acres of land located at 2035Rene-Patenaude Magog (Quebec), J1X 7J2. Magnum currently holds over $130Million USD in open contracts for the production of both rubber nuggets andrubber buffings with NSS, LLC over the next five years.
Safe Harbor Statement under the Private Securities Litigation Reform ActOf 1995
Statements contained in this document that are not historical fact areforward-looking statements based upon management's current expectations thatare subject to risks and uncertainties that could cause actual results todiffer materially from those set forth in or implied by forward-lookingstatements. The company is not required to update its forward-lookingstatements.
Contact: Magnum D'Or Resources, Inc., Fort Lauderdale Joseph Glusic, CEO, 305-420-6563 mdor@magnumresources.net www.magnumresources.netSOURCE Magnum D'Or Resources, Inc.
Tentative expansion plans include: Additional equipment installation inMagog, Canada to facilitate rubber powder and specialty blend elastomerproduction; cryogenic and assimilated frozen substrate processing pilot plant;US facilities to further support contract obligations; Malaysian facilityexpansion and market penetration; joint venture agreements with targetedcompanies to complement our growth strategy; and, the establishment of acentralized corporate office.
Magnum is also currently in negotiations with several financialorganizations to fund its expansion plans. More information regarding thesources and the type(s) of conventional financing will be released in the nearfuture.
Magnum will also embark on an aggressive marketing program to increaseinvestor awareness. The company will also continue to update the market on aweekly, if not more often basis, with relevant and informative press releases.Magnum/SRI is proceeding with both the "Our Planet" production serieshttp://www.magnumresources.net/view-news.php?id=9 and the "21st CenturyBusiness Solutions Series" http://www.magnumresources.net/view-news.php?id=25in order to promote our cutting edge technology to the worldwide market in thecoming months. More information will be released about this shortly.
Market Headquarters http://www.marketheadquarters.net/ subscriber list iscompiled of the who's who of Wall Street, institutions such as Morgan Stanley,UBS, Lehman Brothers, Janus Capital Corp, Putnam Investment Management, andFidelity Investments amongst many others, also the many others in theinvestment community.
About Magnum:
Magnum owns the exclusive rights to North America and future Global Rightsto an array of next generation cost-saving custom compounds, patents, processtechnology, and trade secrets of Sekhar Research Innovationshttp://srielastomers.com/ that will allow for rubber to be reconstituted andspecially blended into EPDM powders, and EPDM compounds. Magnum/SRI has andwill continue to develop new high tech custom compounds, processing aids,recycling solutions, and advanced state-of-the-art equipment.
Magnum's Magog, Canada production facility consists of a 98,000+ sq ftmixed use building setting on approximately 10 acres of land located at 2035Rene-Patenaude Magog (Quebec), J1X 7J2. Magnum currently holds over $130Million USD in open contracts for the production of both rubber nuggets andrubber buffings with NSS, LLC over the next five years.
Safe Harbor Statement under the Private Securities Litigation Reform ActOf 1995
Statements contained in this document that are not historical fact areforward-looking statements based upon management's current expectations thatare subject to risks and uncertainties that could cause actual results todiffer materially from those set forth in or implied by forward-lookingstatements. The company is not required to update its forward-lookingstatements.
Contact: Magnum D'Or Resources, Inc., Fort Lauderdale Joseph Glusic, CEO, 305-420-6563 mdor@magnumresources.net www.magnumresources.netSOURCE Magnum D'Or Resources, Inc.
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