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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 provides publicly traded small-cap companies with both accounting and legal services internationally. It is anticipated that the audit will be completed in the fourth quarter of this year.

Chief Executive Officer Joseph Caywood stated, “By becoming a fully-reporting company, the Company will achieve its goal of providing shareholders with increased transparency while elevating itself in the market as a public entity to more qualified investor groups. Following completion of the audit, we plan to take the next step of listing on a senior securities exchange as we move toward meeting other criteria of the exchange.”