Scorpex Seeks to Add New Waste Supply Contracts
January 09 2012 - 9:40AM
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, 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
About AISA
AISA is an authorized waste transportation company based in
Tijuana, Mexico. AISA transports waste and other freight in the
northern region of Mexico for several major local and international
companies.
For more information, visit www.aisatijuana.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.
Scorpex (CE) (USOTC:SRPX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Scorpex (CE) (USOTC:SRPX)
Historical Stock Chart
From Jul 2023 to Jul 2024