Scorpex Negotiating Multi-Million Dollar Waste Supply Contract with AISA
November 30 2011 - 4:28PM
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, is reviewing terms and
contracts with AISA, a Mexican waste transportation company with
headquarters located in Tijuana, Mexico. AISA has represented that
they will be able to provide up to 800 tons of waste to the Company
for disposal services which represents up to 288 million dollars in
gross revenue per year based upon an approximate $1200 price per
ton. The Company believes that it will be able to operate during
the 3rd quarter of 2012 and at capacity in 2013.
Chief Executive Officer Joseph Caywood stated, “We have reached
another very significant milestone with this offer from AISA, and
we plan to contract with several other transportation companies in
the coming months as they see the savings our facilities provide
with our local presence in the region. As we get closer and closer
to full operations, we are pleased to have so much interest from
suppliers of waste including transportation companies and major
companies. We believe that there will be no trouble reaching full
capacity at our initial site and expanding our ability to process
waste in the future.”
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.
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