DALLAS, Sept. 3, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Magnum D'Or Resources Inc. (OTCBB:MDOR). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Magnum D'Or Resources Inc. (OTCBB:MDOR) should be of particular interest to companies engaged in recycling and waste management: Waste Management Inc. (NYSE:WM), Casella Waste Systems Inc. (Nasdaq:CWST) and General Environmental Management Inc. (OTCBB:GEVI).
It is available at: http://www.investorsoup.com/lp/MDOR
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Magnum D'Or Resources Inc. (OTCBB:MDOR) engages in the recycling and sale of rubber tires into various products. The Company provides recycled rubber products, reconstituted rubber derivatives, and rubber powders to various distributors and manufacturers. The Company supplies these substrates to a variety of manufacturers and is also developing its own market for retail end use eco-friendly products.
In the report, the analyst notes:
"On June 30, 2009, the Company had total assets of $9.7 million, a total accumulated deficit of $25.5 million, and stockholders equity totaling $1.1 million. In addition, the Company generated a working capital deficit of $6.4 million and negative cash flows of $939.983 from operating activities for the nine months ended June 30, 2009. These factors have created serious concern of whether the Company will be able to continue its operations. Currently, the Company relies on corporate officers, directors and outside investors to meet its budget.
"The Company reports that its management is pursuing additional sources of capital to fund its operations and complete its corporate objectives. Also, the Company stated that it has previously, and is currently, engaged in discussions concerning potential business acquisitions, joint ventures, and other collaborative arrangements. In addition, the Company secured a commitment from a private equity firm to provide additional operating and expansion capital in March 2009. However, the Company has yet to receive funds from this commitment."
To read the entire report visit: http://www.investorsoup.com/lp/MDOR
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