The Tirex Corporation (TXMC)

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News on Filing.......................

WESTPORT, Conn.--(BUSINESS WIRE)-- The Securities & Exchange Commission recently approved a request by The Tirex Corporation (TXMC.PK), owner of a patented tire recycling technology, the TCS System, to waive a re-audit on some of its previous financial filings, it was announced today.



Tirex is in the process of filing audits by M&K CPAS PLLC of Houston, Texas, for the fiscal years ended June 30, 2008 (restated) and 2009.



“While the Company plans to report minor adjustments to the years 2001 to 2008,” according to Tirex President, John L. Threshie Jr., “it not only would have been costly and time-consuming to have it re-audited, it wouldn’t have revealed any significant changes to influence investors. We are working closely with the SEC and M&K to be sure we are in compliance and can once again get current in our filings,” Mr. Threshie added.



IMPORTANT RECENT CORPORATE DEVELOPMENT



The formerly announced North American scrap tire recycling expert working with Tirex has completed a TCS technology market study and identified its first market location.



“We are currently negotiating relationships in that market to integrate our technology and better business opportunities with established companies,” said Mr. Threshie.