Uncategorized Archives - Page 16 of 19

TuesdaySep 13, 2011 12:06 pm

Financial Community Anxious to Support Scorpex, Inc. (SRPX)

Scorpex, Inc., an emerging leader in the disposal and recycling of industrial and hazardous wastes for the Baja Mexico/California region, recently announced that it has received financing commitments from two different sources for up to $35 million USD. The financing is contingent upon the issuance of necessary permits, which are expected to be granted in the near future. The loans are to be secured by the company’s equipment, receivables, land, and other assets. Scorpex stands out among small developing companies in that the company has had no problems obtaining significant financing commitments. A big part of this is due to…

WednesdaySep 07, 2011 12:47 pm

Scorpex, Inc. (SRPX) Accelerates Achievement of Goals

Early this year, Scorpex, Inc. stated its goals for the remainder of 2011, as part of its move to becoming the leader in hazardous and toxic waste disposal for the Baja Mexico/California region, filling a major and growing need for the area. Principal among those goals were the following: 1) Add key officers and board members to enhance the management team 2) Obtain necessary operating permits for operations of the developing waste disposal facility 3) Engage a third party valuation company to begin audit preparations 4) Increase transparency and industry awareness for company shareholders 5) Continue to develop the necessary…

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…

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