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SRPX
Scorpex Announces Final Phase of Permits
LAS VEGAS, Jan 24, 2012 (BUSINESS WIRE) -- Scorpex, Inc. (Pinksheets:SRPX) (the "Company"), an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, announces its final phase of approvals and permitting for its initial site near the City of Ensenada, Mexico. The Company expects approval of its final Use of Soil Permit from Ensenada soon. Scorpex anticipates approval of its zoning plan and construction permits after the Use of Soil Permit is issued.
In Mexico, the federal, state, and local governments must approve and issue permits for the use of land for waste storage and disposal. Upon receipt of the city Use of Soil Permit, the Company will have received all "Use" permits necessary to begin construction and to begin to process waste materials.
"Our city Use of Soil Permit will mark a key milestone towards becoming a leader in the waste disposal, storage and recycling industry. We have submitted environmental studies, research reports, technical information, official governmental filings, and have attended multiple meetings over the last several years to get to this phase. This final use permit triggers our financing commitments, equipment contract, and additional waste supply contracts," said Joseph Caywood, CEO of Scorpex, Inc.
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.
This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.
SOURCE: Scorpex, Inc.
CONTACT:
Investor Relations Franco, Inc. J.R. Munoz, 310-891-1838
