FORT LAUDERDALE, Fla., Oct. 6 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR) announces effective October 3, 2008, the stockholders of Magnum D'Or Resources, Inc. ("Magnum"), a Nevada Corporation, executed a written consent signed by the holders of a majority of its issued and outstanding voting stock. Effective October 6, 2008, a new Board of Directors will be appointed to serve on the Company's behalf to oversee and approve any such matters as may be required to be brought forth before them. The term is set to be until the next shareholder meeting, or until such time as is necessary to fill or supplement the Board.
The new Board of Directors will include the following individuals:
Joseph J. Glusic, age 51, Chairman and CEO
Michel Boux, age 50, Managing Director of Canadian Operations
Furthermore, the Advisory Committee will now consist of the following
individuals:
Chad A. Curtis
Carole Larose
Gov Claude Kirk
Holly Chan
Hon Howard Chan
These changes are intended to allow the Company to function efficiently within the realm of business that it now focuses on, being recyclable materials, rubber, and rubber derivative compounds, and to a lesser degree, development of specialty compounds and thermoplastic elastomers. The company intends on announcing two new seasoned veterans in the near term that are globally known for developing cutting edge solutions in elastomeric processing technologies, producing next generation equipment for the rubber recycling industry, and high tech compound & rubber processing solutions worldwide. These additions will come on the heels of another major announcement in the very near term that involves a global joint venture. We will keep our shareholders fully updated on this matter.
Magnum "Close Loop Green Technology":
Magnum's High Tech Turnkey Rubber Recycling Facility is located in Magog, Canada. The 98,500 sq ft facility will have production lines for both rubber nuggets and buffings in order to fulfill Magnum's $131 Million in open and unfilled contracts with NSS, LLC over the next five years. With this facility we will now be able to produce, ultra fine rubber powders, EPDM powders, EPDM compounds, thermoplastics, and thermoplastics elastomers to clients worldwide.
Upcoming Magnum "21st Century Business Solutions Series":
This series will be aired on CNBC, FOX, Hong Kong's Asia Television, and other Leading Networks to a combined audience of 114 million cable households.
Upcoming Magnum Series "Our Planet":
This series will be aired on Fox Business Network, CNN Headline News, Discovery Channel, CNN, MSNBC and Regional News Network, along with other networks.
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.
Contact:
Magnum D'Or Resources, Inc., Fort Lauderdale
Joseph Glusic, CEO, 305-420-6563
www.magnumresources.net
mdor@magnumresources.net
SOURCE Magnum D'Or Resources, Inc.
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