Greentech International Advisors Interviews CEO and COO of Magnum
Greentech International Advisors Interviews CEO and COO of Magnum
BOCA RATON, Fla., Nov. 14 /PRNewswire/ -- Greentech International Advisors, Inc (GIA) updates the market on Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR). GIA has already received a tremendous amount of positive feedback from the Magnum Environmental Clean Technology TV Series which was just aired on FOX Business Network Dec 12, 2009 (To view click here). GIA is also pleased to announce that it had the opportunity to interview Joseph Glusic, CEO of Magnum D'Or Resources and Bryan Brammer COO of Magnum Recycling USA while they were in town completing the soon to be released "Our Planet" Television series expected to be released beginning of 2010.
During GIA interview with Bryan Brammer we asked his thoughts on the progress so far in Colorado at the Hudson site. His thoughts were that Colorado was coming along very quickly and he seemed very optimistic about current growth, as well as the foreseeable future. He stated that, "Every day we are getting one step closer to becoming a model site for not only the state of Colorado, but for the industry as a whole."
As GIA spoke about new clients and revenues being generated by the site, Mr. Brammer stated, "Yes we are in a unique position of being paid to take our raw materials and we are also very fortunate to have a business model that affords us that capability. Depending on the volume and size of the tires we accept, Magnum realizes anywhere from 5-10 cents a pound. We anticipate volume on a yearly basis going forward to be anywhere from 5-10 million tires." This would equate to an average of $1.00 per tire in disposal fee (Revenue for Magnum USA). Mr. Brammer went on to state that, "OTR tires (Off the Road) generate an even higher revenue source since they weigh on average 1,000 to 5,000 pounds and require special handling which Magnum receives extra compensation for."
Mr. Glusic was also gracious enough to answer several of GIA questions during the time spent together. GIA specifically asked him about production at Hudson, and he stated, "We expect to be ramping up to full capacity during the next 6-18 months. This will include the production of high grade rubber powders, high grade recycled steel, fiber, and nylon cord. At full production we estimate anywhere from 80,000 to 100,000 tons of powders annually."
Mr. Glusic couldn't comment on specific revenue numbers, but there is a spot market for rubber powders that GIA did some research on and found that rubber powders sell for between $500 and $800 per ton depending on the grade. Doing the math, one can surmise that even at low grade powder production levels this equates to between $40,000,000 and $50,000,000 revenue from just the powders alone. On the higher side it equates to between $64,000,000 and $80,000,000 not including the revenue from the disposal of the recycled by-products, which could easily add an additional $10,000,000 to $20,000,000 annually to the bottom line. Realistically, Magnum will be producing Class 1 powders (free of steel, fiber, and nylon) so the revenue margin should be much higher than the norm.
In regards to the recent media exposure, Mr. Glusic commented, "Our Fox Business news release is just the first of a full media campaign we expect to fully integrate during the coming year. As we previously announced, we hired a professional PR firm (SSPR) to help us reach out to other markets and gain further national exposure. Plus, being on Network Television further validates Magnum and what we are doing."
GIA also asked about the recent technology advances and the future of it, and Glusic went on to say, "When we partnered with Sekhar and SRI, it enabled both entities to benefit from the synergy it created. Mr. Sekhar and his family have been renowned in the rubber industry their whole lives. There is none better that knows and understands the industry and how to accomplish the amazing things we are beginning to see."
About Greentech: An international marketing company dedicated to providing a global network of consumers. Our clients have innovative capabilities and provide a clean solution to current hazards.
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 results anticipated by any or all of these forward-looking statements may not occur. The company is not required to update its forward-looking statements.
Contact:
Greentech International Advisors
Human, Public, Investor Relations
1-561-674-2169
www.greentechinternationaladvisors.com
info@greentechinternationaladvisors.com
Source: Greentech International Advisors, Inc
CONTACT: Greentech International Advisors, Human, Public, Investor
Relations, +1-561-674-2169, info@greentechinternationaladvisors.com
Web Site: http://greentechinternationaladvisors.com/
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