Magnum has one of the best and most thorough PCAOB audit firms in the country. This helps ensure that the company maintains compliance with all applicable SEC accounting rules and abides by accepted professional standards.
The delay was due in part to additional factors that had to be considered as the Company makes the transition from a development stage company to an operating company. Considerable effort was directed on review of our new Canadian production operations. A thorough review of the last two years of operations, including information associated with the previously combined companies prior to the mining subsidiary spin-off, has been performed.
In regards to the Company's current status, Magnum continues to add equipment and ramp up production activities in
2009 will be a year of continued growth and prosperity for the company. The spring of 2009 will be an exceptionally exciting time for Magnum as we expect to debut some of our new age rubber solutions technologies and unique compound applications. Magnum's future looks brighter than ever as we add to the significant progress and milestones attained over the past year.
As always, we are proud of our efforts to maintain an informative and transparent environment with regards to the company's anticipated actions and strategies. We will continue with this policy and give the public access to as much information as is legally permissible without compromising our legal and fiduciary responsibilities.
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. Joseph Glusic, CEO, 305-420-6563 mdor@magnumresources.net www.magnumresources.net
SOURCE Magnum D'Or Resources, Inc.