Magnum D'Or Resources Increases its 5-Year Agreement with National Sales & Supply for Rubber Nuggets to $40,000,000
FORT LAUDERDALE, Fla., Jul 02, 2008 (BUSINESS WIRE) -- Magnum D'Or Resources, Inc. (OTCBB:MDOR) (Magnum) announces
signing and closing of a 5 year, $40,000,000.00 ($8,000,000.00
annually) contract, with National Sales & Supply (NSS, LLC) for rubber
nuggets, effective immediately.
Magnum, under this new increased production agreement, will sell
and supply NSS, LLC with rubber nuggets in order to help fulfill their
open orders & contracts with large corporations such as Wal-Mart, Home
Depot, and Lowes amongst many others. Magnum will use its patented
technology, through the process of recycling scrap rubber tires, to
produce this new product.
Joseph Glusic, President of Magnum, stated, "We are now
accelerating our presence in the rapidly growing `Green Market' using
our licensed unique worldwide patented technology. We are beginning to
fulfill our mission by doing our part to eliminate global pollution
generated by used tires and scrap rubber constituents in landfills."
With the commencement of shipment of our Crumb Rubber Plant,
Magnum will now have a fully functional and wholly owned operating
facility in North America. Financing for the turn key plant was
procured through the manufacturer, while shipment and start-up costs
are being borne directly by Magnum through a non-dilutive conventional
financing arrangement.
Magnum, through its exclusive licensing rights and its modern
technology, controls a number of patents for the re-composition of
rubber, the production of EPDM powders, and EPDM compounds that could
potentially revolutionize the rubber recycling industry in North
America and China.
Magnum is executing its business and marketing plan to become a
Global Leader in the Recycling industry, by providing: Turnkey
Recycling Plants, Operational Assistance, Consulting Resources, Waste
Management Solutions, and Heavy Recycling Equipment Supplies for
producing high quality raw materials.
NSS, LLC is a leading manufacturer and distributor of rubber
landscaping products and playground safety surfacing products to large
retail suppliers and consumers.
National Sales & Supply Home page:
http://www.nsalessupply.com/index.htm. To view Rubber Mulch:
http://www.national-mulch.com/
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 company is not required to
update its forward-looking statements.
Updates on the progress, shipments and installation will be posted
on our website: www.magnumresources.net
SOURCE: Magnum D'Or Resources, Inc.
Magnum D'Or Resources, Inc., Fort Lauderdale Joseph Glusic, CEO, 305-420-6563 mdor@magnumresources.net
Copyright Business Wire 2008



