The Tirex Corporation (TXMC.PK), owner of a patented tire recycling technology, the TCS System, today announced that it recently re-filed its June 30, 2009 10-K after the Securities and Exchange Commission ruled that the auditing for prior fiscal years were not to be relied upon due to the previous auditor’s dis-creditization by the SEC.

The filing reflected little change from previous filings and earlier estimates that were in line with no revenue, a net loss and net loss per share as Tirex continues to be a development company and strives to secure contracts for its technology.

“After an extensive review by our new auditor, M&K CPAS, PLLC, dating back to 2001, we filed a comprehensive 2009 10-K to recognize some adjustments that were made in order to attain compliance with the SEC,” according to President John L. Threshie, Jr. “Now, Tirex will proceed with M&K to follow the same compliance guidelines to file its June 30, 2010 10-K and ensuing quarterly reports,” he said.

“Concurrently, during the past nine months, a North American scrap tire recycling expert has spearheaded the research and development of marketing Tirex’s technology,” Threshie pointed out. “As a result, we are planning the integration of our technology and negotiating business relations with an existing tire recycling business,” Threshie added.

ABOUT TIREX

Tirex’s TCS (Tirex Cryo System) process freezes scrap tire pieces with cold air – as opposed to expensive liquid nitrogen – and then “breaks” the rubber into granules in a patented “fracturing mill,” instead of cutting and shredding it. This process also separates the marketable strands of steel and fiber from the frozen ground rubber with an environmentally friendly, economically attractive “green” tire recycling system. For more information go to www.tirex-tcs.com.

SAFE HARBOR STATEMENT

(The statements which are not historical facts contained in this news release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.)

Tirex (CE) (USOTC:TXMC)
Historical Stock Chart
From Nov 2022 to Dec 2022 Click Here for more Tirex (CE) Charts.
Tirex (CE) (USOTC:TXMC)
Historical Stock Chart
From Dec 2021 to Dec 2022 Click Here for more Tirex (CE) Charts.