SRPX $1.95 BIG NEWS: Scorpex Signs Multi-Million Dollar Contract to Secure Waste Processing Equipment for Initial Facility
LAS VEGAS, NV, Jul 27, 2011 (MARKETWIRE via COMTEX) -- Scorpex, Inc. (PINKSHEETS: SRPX) (the "Company"), an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, today announces 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 reduces breeding sites for scavengers, rodents, insects and disease that are sometimes found in other processes.
Chief Executive Officer Joseph Caywood commented, "Following our evaluation of various waste processing techniques and technologies, we found the solution offered by IET to be superior to those offered by competitors. Securing this technology was a crucial part of our business plan. We will provide additional details very soon."
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
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