SOURCE: Scorpex, Inc.

Scorpex, Inc.

August 17, 2011 16:05 ET

Scorpex Granted Federal Permit

LAS VEGAS, NV--(Marketwire - Aug 17, 2011) - Scorpex, Inc. (PINKSHEETS: SRPX) (the "Company") today announces it has received its Use of Soil Permit from the Mexican federal government. The Use of Soil Permit is the most significant permit the Company has received to date for its first full service waste disposal and recycling facility near Ensenada, Mexico.

The Use of Soil Permit is a crucial environmental approval from the Secretariat of the Environment, Natural Resources and Fishing, which has sole jurisdiction over environmental policy and enforcement throughout Mexico. The Company has submitted numerous studies and complied with every request from this government agency to receive the permit. The Use of Soil Permit is necessary for the issuance of future state and local operational permits.

"This achievement is the most significant milestone Scorpex has ever accomplished," Chief Executive Officer Joseph Caywood commented. "Most of our efforts for the past several years has been dedicated to the permitting process, and for us to receive this Use of Soil Permit is a monumental achievement for our Company and its shareholders."

"We are now very close to obtaining the rest of the permits required for use and operations, which will trigger the previously announced equipment financing we have committed from lenders," Mr. Caywood concluded.

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 MissionIR

MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. Through a full suite of investor relations and consultancy services, we help public companies develop and execute a strategic investor awareness plan as we've done for hundreds of others. Whether it is capital raising, increasing awareness among the financial community, or enhancing corporate communications, we offer a variety of solutions to meet the objectives of our clients.

For more information on Scorpex, Inc., visit http://SRPX.MissionIR.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.

Contact Information

  • Contact:

    Investor Relations
    J.R. Munoz
    310-891-1838