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, â€œWe 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 â€œGreenâ€ market. The interest in our technology has been staggering to date.â€
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Press release from Magnum D'or