Scorpex Applauds US-Mexico Trucking Agreement
July 21 2011 - 8:00AM
Marketwired
Scorpex, Inc. (PINKSHEETS: SRPX) (the "Company"), an emerging
leader of industrial, hazardous and toxic waste disposal services
in the Baja Mexico/California region, today praises the recent
US-Mexican agreement allowing each country's trucks to traverse the
other's highways. The agreement ends nearly two decades of
quarreling between the two countries over a key provision of the
1994 NAFTA agreement.
As a result of the agreement, the high tariffs imposed by Mexico
on dozens of U.S. products will be suspended when full cross-border
traffic begins. Allowing long-haul trucking between the U.S. and
Mexico is anticipated to create additional jobs and greater
opportunity for both nations. The U.S. agriculture sector alone was
negatively affected by these tariffs by an estimated $153
billion.
Chief Executive Officer Joseph Caywood stated, "I believe the
lifting of these restrictions and tariffs carries significant
weight for Scorpex. Not only does this agreement give Scorpex
access to cross-border travel as necessary, it potentially feeds
increased export, manufacturing and distribution in Mexico,
subsequently driving the need for increased disposal of industrial
waste."
With its first facility located near Ensenada, Mexico, 85 miles
from the U.S. border, Scorpex expects to be able to process 800
tons of waste per day once equipment is installed and the facility
is fully operational. The demand for waste disposal in the Baja
area is already much higher than that, ensuring steady demand and
abundant prospects for future growth.
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
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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: Investor Relations J.R. Munoz 310-891-1838
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