SOURCE: Scorpex, Inc.

July 18, 2011 08:00 ET

Scorpex Receives Authorization From the Mexican Environmental Authority (PROFEPA) to Obtain Use and Operational Permits

LAS VEGAS, NV--(Marketwire - Jul 18, 2011) - Scorpex, Inc. (PINKSHEETS: SRPX) (the "Company") today announces that PROFEPA, the agency in Mexico responsible for monitoring and enforcing environmental laws, has granted clearance to the Company for obtaining "Use" and "Operational" permits. Many of the employees of the environmental protection agency have visited and inspected the site numerous times and participated in the studies pertaining to the project.

Use permits from federal, state, and city governments, in addition to a federal operational permit, are necessary for the operation of a full service waste disposal and recycling company. To obtain these permits, the Company has complied with all governmental regulatory guidelines and directives, conducted feasibility studies, and worked hand-in-hand with government officials on key issues pertaining to zoning, road studies, environmental guidelines, land and health issues, as well as employment issues.

Joseph Caywood, Chief Executive Officer of Scorpex, stated, "Over the past several years, Scorpex has overcome numerous hurdles in order to meet the stringent requirements of Mexico. This most recent approval gives the Company a positive recommendation and the assurance that it has complied with and passed all required testing and studies as well as the requirements for the planned and presently completed property infrastructure, build outs and improvements."

In conclusion, Mr. Caywood stated, "The Company is now poised to receive use and operational permits after carefully complying with all of the requests from the federal, state, and municipal governments to date. We are very pleased with the progress we are making towards the establishment of our first fully operational facility and the execution of our business plan."

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