Scorpex Accomplishes Key 2011 Business Objectives Far Ahead of Schedule
29 Agosto 2011 - 12:00PM
Marketwired
Scorpex, Inc. (PINKSHEETS: SRPX) (the "Company"), an emerging
leader of industrial, hazardous and toxic waste disposal services
in the Baja Mexico/California region, today provides current and
prospective investors with an update regarding the previously
announced initiatives for the current calendar year.
To date, the Company has:
1. Signed a $30 million equipment contract with International
Environmental Technologies, Inc. ("IET") for the acquisition and
installation of waste gasification/thermal oxidation equipment as
well as a license to use the technology. 2. Secured financial
commitments for up to $35 million of non-dilutive financing;
contingent on the issuance of necessary permits. The Company
continues to evaluate its options as additional low-cost financing
offers are anticipated. 3. Received its Use of Soil Permit from the
Mexican federal government following the submission of numerous
studies and compliance with every request. The permit is necessary
for the issuance of certain state and local operational permits,
which are anticipated to be granted to the Company in the very near
future. 4. Engaged an accounting group to prepare its financials
for a formal audit. Following completion, Scorpex intends to file
financial reports with the U.S. Securities and Exchange Commission
("SEC") and take the next step of listing on a senior securities
exchange after meeting other criteria of the exchange. 5. Appointed
an interim Chief Financial Officer to the management team and made
two additions to its Board of Directors. The individuals have
accumulated extensive experience and success in both the public and
private sectors. Additional candidates are being evaluated to
further enhance leadership of the Company. 6. Secured the investor
relations services of MissionIR to communicate Scorpex's business
strategy to the investor community as well as keep investors
informed of ongoing progress.
Chief Executive Officer Joseph Caywood commented, "Our progress
over the last ninety days has been nothing short of remarkable.
Even though we are only in the third quarter, our Company has
accomplished nearly all business objectives that were set for
completion this year. This is a testament not only to the
competence of our team, but also the exhaustive groundwork that has
been laid over the years. Our excitement continues to build as we
make great strides forward in the execution of our business
strategy."
About Scorpex, Inc.
Scorpex, Inc. is taking the necessary steps to own and operate a
full service waste disposal and recycling company, capable of
storing and disposing all types of waste, including those
classified as industrial, toxic, and hazardous. The location chosen
for the first Scorpex plant is strategically positioned to
accommodate the vast region of Baja California, Mexico.
For more information, visit www.scorpex.com
About MissionIR
MissionIR is committed to connecting the investment community
with companies that have great potential and a strong dedication to
building shareholder value. Through a full suite of investor
relations and consultancy services, we help public companies
develop and execute a strategic investor awareness plan as we've
done for hundreds of others. Whether it is capital raising,
increasing awareness among the financial community, or enhancing
corporate communications, we offer a variety of solutions to meet
the objectives of our clients.
For more information on Scorpex, Inc., visit
http://SRPX.MissionIR.com
This press release may contain certain forward-looking
statements regarding future circumstances. These forward-looking
statements are based upon the Company's current expectations and
assumptions and are subject to various risks and uncertainties that
could cause actual results to differ materially from those
contemplated in such forward-looking statements. Actual results,
events, and performance may differ. Readers are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as to the date hereof. The Company undertakes no
obligation to release publicly any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. The inclusion of any statement in this
release does not constitute an admission by the Company or any
other person that the events or circumstances described in such
statements are material.
Contact: Investor Relations J.R. Munoz 310-891-1838
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