Replies to post #6129 on The Tirex Corporation (TXMC)

[Until2020, formerly Until2017]

YOUR POST NUMBER 5786 :

( Partial Quote ) NORWALK, Conn., April. 25, 2013 /PRNewswire/ -- The Tirex Corporation (OTCPK: TXMC) – owner of a U.S. patented tire recycling (TCS) technology – entered into a License Agreement with Green Recycling Solutions International LLC (GRSI) of Fort Lee, New Jersey, to market, sell and own/operate TCS facilities.
.
"The agreement licenses GRSI to sell and own/operate TCS facilities in its licensed territory including, but not limited to, North American states and provinces, the Caribbean, Africa, Central and South America," according to Tirex President, John L. Threshie Jr. "GRSI and Tirex, both collectively and separately, have been marketing and planning to sell and own/operate TCS facilities in any and all suitable markets worldwide," Threshie added.
.
"On all TCS Systems sold, Tirex charges an annual license fee and a manufacturing commission. We project TCS facilities to have an approximate 25% Internal Rate of Return and 100% Return on Investment under four years for a $7 million turnkey TCS facility, prior to the consideration of any tipping fees or other forms of scrap tire recycling subsidies, although there can be no assurance that such results will be accurate for any single installation," Threshie said.

Could be Deja vu all over again. Or might the promised deals yield revenue, this time around ?

Always great to hear from you, however rarely !

Until2017