Rigrodsky & Long, P.A. announces that a class action lawsuit has been filed in the United States District Court for the Southern District of Florida on behalf of all persons or entities who purchased or otherwise acquired the stock of Magnum d’Or Resources, Inc. (“Magnum” or the “Company”) (Other OTC: MDOR.PK) between July 2, 2008 and April 13, 2010, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 (the “Complaint”).

If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Noah R. Wortman, Case Development Director of Rigrodsky & Long, P.A., 919 North Market Street, Suite 980 Wilmington, Delaware, 19801 at (888) 969-4242, by e-mail to info@rigrodskylong.com, or via our website: http://www.rigrodskylong.com/news/MagnumdOrResources-MDOR.

The Complaint names Magnum and one of the Company’s directors as defendants. According to its website, the Company was established to deal with the problem of waste tires in a manner that is environmentally friendly and profitable. It aims to create a closed loop with rubber compounds enabling it to be used as a raw material repeatedly without compromising the quantity or properties of the compounds.

The Complaint alleges that during the Class Period, Magnum made false statements to the marketplace about its growth and operations. Specifically, the Company falsely told investors, among other things, that it had $130 million in contracts for its products, and had secured $15 million in financing. The Company also failed to disclose the existence of an SEC Formal Order of Investigation into the Company – a fact Magnum appears to have hidden not only from investors but its own outside auditors, as well.

Moreover, Magnum issued millions of shares of its stock as compensation to several so-called “consultants,” who then sold the shares in foreign brokerage accounts, kept some of the cash proceeds for themselves, and funneled the rest -- some $7 million -- back to Magnum, under sham “loan” agreements. In April 2010, when Magnum finally told its auditor, Weinberg & Company, P.A., about the SEC’s formal investigation, the auditor withdrew its prior audit opinions for 2008 and 2009. Magnum’s stock price plummeted on the news. The SEC formally charged Magnum and its former CEO Joseph Glusic (“Glusic”). Glusic has since resigned from Magnum and has settled with the SEC.

If you wish to serve as lead plaintiff, you must move the Court no later than September 16, 2011. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

While Rigrodsky & Long, P.A. did not file the Complaint in this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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