MAGOG, Quebec, July 2 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR), a next generation rubber recycling Solutions Company, announces the successful execution of several new implications in order to increase production for crumb rubber and rubber nuggets to help meet the ever so high demand. Furthermore the CEO of Magnum, Joseph Glusic, will be working with and meeting several Funders, Institutions, Vendors, New Clients, and Local Officials in Magog (Quebec). This could really add some rapidly organic growth to the company.
Mike Boux, V.P. and International Business Development Coordinator of Magnum stated, 'We have recently made some positive modifications with our new high tech engineered rubber recycling machines in order to remove almost all the metal and fiber from the tires we recycle. The quantity of metal and fiber we recycle from our 'Close Loop Green Recycling' is an enormous amount and will immediately add additional revenue streams to the company. We plan to release some photos and footage in the near term in order to keep our shareholders fully informed of our 'Close Loop Green Recycling' of rubber scrap and rubber tires.
Magnum's Facility/Operation Executive, Larry Hogan, commented, 'Everything is finally coming together here at Magnum. With the recent engineering and modifications made at the Magnum Magog Facility it will finally allow for us to increase production immediately. We have set new goals & records and are very comfortable that we'll beat them by the end of the month.'
Magnum expects to update the market with some new events by or before July 9th.
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. 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.
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.
