Uncategorized Archives - Page 15 of 18

ThursdaySep 01, 2011 11:45 am

Scorpex, Inc. (SRPX) Urban Impact Study Accepted by Mexican Government

Scorpex, Inc. just announced that its Urban Impact Study, which was submitted to the Mexican state of Baja California last month, was accepted as one of the final steps in obtaining city permitting to receive, store, recycle and dispose of toxic and hazardous waste, non-toxic and non-hazardous waste, and commercial waste. Joseph Caywood, Chief Executive Officer of Scorpex, stated, "The Urban Impact Study is an important part of evaluating the effect the Company's operations will have on the local environment, and this acceptance by the city and state is a significant milestone. This acceptance from the state level of government…

MondayAug 29, 2011 8:10 am

Scorpex, Inc. (SRPX) Achieves 2011 Business Objectives Far Ahead of Schedule

Today before the opening bell, Scorpex, Inc., an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, provided 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…

MondayAug 22, 2011 7:58 am

Scorpex, Inc. (SRPX) Provides Investors with Update on Audit and Financials

Scorpex, Inc., an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, just announced additional details of the previously reported initiative to prepare its financials for a formal audit. An SEC accredited audit will raise the Company's status to "Fully Reporting" while increasing transparency for both current and future investors. As announced two weeks ago, Scorpex has engaged the services of the Acadia Group to prepare for its audit and the filing of financial reports with the U.S. Securities and Exchange Commission ("SEC") pursuant to the Securities Exchange Act of 1934. The Acadia Group…

FridayAug 19, 2011 3:51 pm

Scorpex, Inc. (SRPX) $30M Deal with IET Inc. Speeds-up Facility Launch

The Mexican manufacturing sector is rapidly expanding. The development of new and existing industries, paired with increased investments from foreign national companies, is driving a significant increase in the need for disposal of industrial waste. Scorpex Inc., an emerging industrial, hazardous and toxic waste disposal service provider, aims to capitalize on this need as it executes its strategy to become a recognized leader in the waste disposal industry in the Baja Mexico/California region. Future plans include expanding to other locations. The company recently inked a $30 million major equipment deal with Kentucky-based International Environmental Technologies Inc. (IET), in which Scorpex…

WednesdayAug 17, 2011 4:25 pm

Scorpex, Inc. (SRPX) Receives Federal Use of Soil Permit

Today after the closing bell, Scorpex announced it has been granted its Use of Soil Permit from the Mexican federal government. According to the company, it is the “most significant permit the company has received to date” for its first full service waste disposal and recycling facility near Ensenada, Mexico. "This achievement is the most significant milestone Scorpex has ever accomplished," emphasized Chief Executive Officer Joseph Caywood. "Most of our efforts for the past several years has been dedicated to the permitting process, and for us to receive this Use of Soil Permit is a monumental achievement for our Company…

WednesdayAug 17, 2011 11:03 am

Scorpex, Inc. (SRPX) Advances to Become Owner, Operator of Waste Disposal Facility in Mexico

Scorpex, Inc. is focused on taking necessary measures to operate a full-service waste disposal and recycling company for the extensive region of Baja California, Mexico. The first facility, to be located on the company’s existing property outside Ensenada, Baja, has undergone three years of applications, permits and required studies. Scorpex intends to construct ten hazardous and industrial waste storage structures on its Ensenada property, and has built 80 percent of the first facility. Moving forward, the company’s future strategy calls for the construction of storage, recycling and disposal facilities in strategically located areas throughout Mexico. To execute this plan, the…

TuesdayAug 16, 2011 8:31 am

Scorpex, Inc. (SRPX) Provides Additional Details of Financing Commitments

Scorpex, Inc. today provided investors with additional information regarding the debt financing commitments announced after the closing bell yesterday. Secured by the equipment, receivables, land and other assets of the Company, the loans are from two different sources for up to $35 million USD. Chief Executive Officer Joseph Caywood stated, “Unlike many other businesses who are struggling to finance operations, we have had no difficulty securing sufficient financing commitments. Having these commitments in hand within such a short time of signing the equipment agreement with IET demonstrates our ability to secure the financing necessary to continue executing our business plan.”…

MondayAug 15, 2011 4:05 pm

Scorpex, Inc. (SRPX) Announces Multiple Financing Commitments for up to $35 Million

Today shortly after the closing bell, Scorpex, Inc. announced that it has received financing commitments from two different sources for up to $35 million USD. According to the press release, the financing is contingent on the issuance of necessary permits that are anticipated to be granted to the Company in the near future. Chief Executive Officer Joseph Caywood stated, "Unlike many other businesses who are struggling to finance operations, we have had no difficulty securing sufficient financing commitments. Having these commitments in hand within such a short time of signing the equipment agreement with IET demonstrates our ability to secure…

MondayAug 15, 2011 9:52 am

Mexico-based Scorpex, Inc. (SRPX) Positioned to Benefit from Cross-border Traffic

Mexico has experienced significant growth in its manufacturing sector in recent years, triggered by economical growth and increased foreign investments from companies seeking opportunities to capitalize on the cheap cost of shipping goods to the U.S. Recently, the U.S. and Mexico signed a deal allowing each country’s trucks to travel the other’s highway, putting into effect a key provision of the 1994 North American Free-Trade Agreement, which gives Mexican trucks full access to highways running outside the buffer zone inside the U.S. border. The deal also halted years of higher tariffs previously placed on U.S. products by Mexico after the…

MondayAug 08, 2011 8:28 am

Scorpex, Inc. (SRPX) Selects Acadia Group to Prepare for its Audit

Scorpex, Inc. today announced it has engaged the Acadia Group to prepare its financials for a formal audit. The Acadia Group works with companies and their auditors to comply with the Securities and Exchange Commission’s reporting and filing requirements. After completing the audit, the company plans to file reports with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934. “Audited financials are the first step towards preparing Scorpex for the next level of public disclosure. As a fully-reporting and audited company, our shareholders and future shareholders will be better informed and will see the value of…

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