Scorpex Announces Final Phase of Permits
January 24 2012 - 7:30AM
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.
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