Replies to post #195588 on $tacks Upon $tacks Of Moolah (STAX)

[stockforyou1]

SRPX has sites in Mexico
The location chosen for the first Scorpex plant (Ensenada Mexico) is strategically positioned to accommodate the vast region of Baja California, Mexico.

Scorpex has methodically developed the plan of constructing such a facility by retaining numerous knowledgeable real estate and legal consultants within Baja, Mexico. In order to establish a harmonious relationship, Scorpex is working closely with the community and the expert consultants.

The first facility will be located on the (SIWS) 24 plus acre property located on the outskirts of Ensenada, Mexico. This property was strategically chosen after consultation with numerous officials and realtors. This location was purchased and secured with one mile of 13 foot security fencing surrounding the entire perimeter of the property. On site development and improvements completed to date, include a 10,000 square foot uniquely designed storage facility with 22 foot ceilings and an emergency sprinkler system.

[Trooperstocks]

SRPXNEWS$$$$ HEADLINE- Scorpex Provides Additional Details of $30 Million Equipment Agreement

LAS VEGAS, NV, Jul 28, 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
provides further details of its recently announced major equipment contract
signed 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.

Scorpex has agreed to a total purchase price of USD$30,000,000. As terms of the
agreement, the purchase price will be paid in four payments as follows:
USD$9,000,000 upon the release of funds from the lender; USD$9,000,000 upon IET's
delivery to Scorpex of a certification that the shop drawings and other
engineering work for the installation of the Equipment has been completed;
USD$9,000,000 upon IET's delivery to Scorpex of a certification that the erection
of the steel framework for all two units has been completed; and USD$3,000,000
upon the final check out, testing of the unit and commissioning.

IET will install the equipment, train supervisory personnel to operate and
maintain the equipment, provide a set of spare parts and issue certificates of
completion. IET has also agreed to provide a warranty for the equipment
installed, ensuring that the equipment will be free from defects in materials and
workmanship. If malfunction is reported within the warranty period, IET will
repair or replace the defective or non-conforming part at no charge to Scorpex.

In addition to the numerous advantages presented by IET's proprietary technology,
some of which were detailed in an earlier press release, the system features a
lower capital investment than competition as well as lower operating costs. With
an average construction time of only six to twelve months, Scorpex anticipates
commencing full operations before the previously projected time frame.

Chief Executive Officer Joseph Caywood commented, "As I said previously, we have
made remarkable progress and are very excited to be moving forward so quickly
with our business strategy. Signing such a major equipment contract at the dawn
of establishing our first waste disposal and processing plant is yet another
strong vote of confidence by others who have chosen to join our initiative to
address Mexico's growing demand for industrial, hazardous and toxic waste
management."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:
http://www.scorpex.com



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