Magnum signs deal to sell $91.2 million of rubber buffings

ERJ staff report (DS)

Fort Lauderdale, Florida -- Magnum D'Or Resources, Inc. has signed a 5-year deal to sell $91.2 million-worth (Euro 61.5 million) of rubber buffings to National Sales & Supply. NSS will convert the buffings into rubber landscaping products including; rubber mulch, rubber timber, benches, stepping stones, pavers, flower beds, pathways, pool & pond borders, and playground safety surfacing products

Magnum said it will process tyres and rubber chips in to usable goods such as buffings.

Joseph Glusic, President of Magnum stated, “We are now accelerating our multi-phase business plan that will include our own production facilities, joint ventures, and sub-license of proprietary technology to qualified groups. With contract in-hand we are now able to seek the capital funding required to meet our rapid growth projections in the “Green” market. The interest in our technology has been staggering to date.”

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Press release from Magnum D'or