Uncategorized Archives - Page 18 of 20

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…

ThursdayAug 04, 2011 8:30 am

Scorpex, Inc. (SRPX) Announces Submission of Urban Impact Study for State and City Permitting

Scorpex, Inc. today announced the submission of its Urban Impact Study as one of the final steps in obtaining state and city permitting for its receiving, storing, disposing, and recycling of waste, including toxic and hazardous waste, non-toxic and non-hazardous waste, and commercial waste. The Urban Impact Study is vital to studying the effect the company’s operations will have on the environment, including wildlife, plants and the water supply. The company anticipates approval of its Urban Impact Study by the end of next week. In the press release, Scorpex affirmed its dedication to operating with the highest degree of environmental…

TuesdayAug 02, 2011 2:28 pm

Scorpex, Inc. (SPRX) Gets Green Light from Mexican Environmental Authority, Clearing Regulatory Hurdles

Scorpex wants one thing. And getting that “thing” takes some dirty work, so to speak. Scorpex’s goal is to own and operate a full-service waste disposal and recycling company in Mexico, and it intends to do so with adequate facilities and resources to dispose of all waste, including that of industrial, toxic and hazardous matter. Establishing this operation takes more than sending a loaded dump truck into the Mexican desert. Mexico has stringent requirements on waste disposal, enforced by a division of the Ministry of Environment and Natural Resources, the Federal Attorney for Environmental Protection (PROFEPA). PROFEPA recently inspected Scorpex’s…

ThursdayJul 28, 2011 12:00 pm

Scorpex, Inc. (SRPX) Prepares to Capitalize on Mexico’s Waste Disposal Industry

The market for hazardous and industrial waste naturally increases in correlation with growth of the human population. Landfills have long been the method of waste disposal, but below the surface of the layers of dirt “hiding” our waste, reactions take place that create long-term environmental problems. This is where Scorpex steps in. The company is executing its operational mission to own and operate a full-service waste disposal and recycling company. Its first facility will be located on a 26-acre property just outside Ensenada, Mexico, ironically less than three miles from the region’s current landfill. The property will house ten hazardous…

ThursdayJul 28, 2011 8:14 am

Scorpex, Inc. (SRPX) Details Recently Announced $30 Million Equipment Agreement

Scorpex, Inc., an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, today announced additional details of its recently announced major equipment contract signed 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. Scorpex has agreed to a total purchase price of USD$30,000,000. As terms of the agreement, the purchase price will be paid in four payments: USD$9,000,000 upon the release of funds from the lender; USD$9,000,000 upon IET's delivery to Scorpex of a certification that the shop…

WednesdayJul 27, 2011 4:02 pm

Scorpex, Inc. (SRPX) Announces Multi-Million Dollar Equipment Contract

Today after the closing bell, Scorpex, Inc., an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, announced it has entered into a major agreement 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. IET's patented technology is capable of processing municipal waste, medical waste and hazardous waste simultaneously without presorting for maximum efficiency. The oxygen starved system virtually eliminates noise and noxious odors when operating while reducing waste volume by 95%. The design of the system also…

MondayJul 25, 2011 1:28 pm

Scorpex, Inc. (SRPX) Announces Additions to Board of Directors and Executive Team

Scorpex, Inc., an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, announced the appointment of Kenneth I. Denos to its Board of Directors, and Chene Gardner as interim Chief Financial Officer who will also serve on the Board of Directors. Furthermore, both individuals will be part of the audit committee, sharing in the responsibility of overseeing the audit preparation. Kenneth Denos brings with him extensive top management experience as he has served as the Chief Executive Officer of numerous successful companies, both public and private, including Equus Total Return, Inc., SportsNuts, Inc., MCC…

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