MAGOG, Quebec, June 25 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR), a next generation rubber recycling Solutions Company, announces the engineering of a new custom made fiber removal system in order to help create an additional revenue stream for the company. Furthermore the company is already talking to several clients interested in buying all the fiber that will be produced from this new system. This new high tech system is currently being developed and will be immediately introduced into the current crumb rubber/nugget production line in Magog. This system will consist of several custom made screens, vibrating table, aspiration system, and more in order to help remove the fiber from the all tires we recycle.
Michel Boux, Magnum V.P. stated, 'We have been working vigorously to invent our own high tech system in order to remove almost all the fiber from the huge amount of tires we recycle everyday at the Magnum Magog plant. The good news is we discovered a new way to effectively remove the fiber and separate it in order to add an additional revenue stream to the company. Furthermore I have been working with several new and potential clients in order to sell all our output.'
Magnum plans to release new photos of this custom engineered system in the very near term including the system in full production.
Recent MDOR Buy Rating: Grass Roots Distribution through Cohen Independent Research Group (CIRG), Wall Street's leading independent research firm, have recently initiated coverage on MDOR, Inc. with a 'BUY' recommendation and a $3.14 per share Target Price. Grass Roots & CIRG provides an in-depth analysis, including 5-year financial and valuation projections, on Magnum's business and its significant growth drivers. Research Report and 'Buy' recommendation on MDOR visit: http://www.grassrootsrd.com/mdor-report.pdf. Grass Roots & CIRG continued highlights; MDOR.OB is a lucrative investment opportunity for risk adverse investors. We reiterate our BUY rating. Grass Roots & CIRG price targets on MDOR overall range very bullish from $3.14 to $4.34 per share.
About: Magnum's 98,000+ sq ft facility is located in Magog (Quebec). Magnum currently holds over $130 Million USD in open contracts for the production of rubber nuggets and rubber buffing.
