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Scorpex Seeks to Add New Waste Supply Contracts
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Scorpex (PC) (USOTC:SRPX)
Intraday Stock Chart
Today : Monday 9 January 2012
Scorpex, Inc. (Pinksheets: SRPX) (the "Company"), an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, seeks to add other waste supply contracts during the first half of 2012. The Company has an existing contract with an estimated value of $131,400,000 USD gross revenue per year with AISA, a Mexican waste transportation company with headquarters located in Tijuana, Mexico.
The initial waste disposal site located near Ensenada, Mexico will be able to process 800 tons of hazardous and toxic waste per day. The agreement with AISA provides for 300 tons of hazardous and toxic waste at an average price per ton of $1,200 USD. Gross revenues from this agreement could produce up to $360,000 USD gross revenue per day and $131,400,000 USD annually. The Company estimates that when it is producing at capacity this gross revenue per day will increase to $960,000 USD and up to approximately $350,400,000 USD in annual gross revenue.
Chief Executive Officer Joseph Caywood stated, “It is our goal to have several additional waste supply contracts so our first waste disposal site will be producing at capacity. It is exciting to our team to see our progress with waste supply contracts, construction permits, and equipment financing.”
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
