SRPX Scorpex Inc (CE)

Scorpex, Inc. (Pink Sheets: SRPX) (the “Company”) has submitted its application, studies and other necessary documentation as the final step to receive licensing and permitting from the city government of Ensenada, Mexico, for receiving, storing, disposing and recycling of waste including toxic and hazardous waste, nontoxic and nonhazardous waste, and commercial waste. The licenses and permits from the city government will allow for the construction on the Company’s initial site, as well as the permission to use the property for this purpose.

In Mexico, the federal, state and local governments all must approve and issue permits for the use of the land for waste storage and disposal. The Company has received federal approval, state urban impact acceptance and anticipates all local land use permits to be received very soon.

“We expect a quick turnaround on these city permits. We are extremely pleased with the progress we are making and should have all major permits in hand shortly and be able to continue site construction, finalize equipment financing, contract for waste supplies, and begin operations,” said Joseph Caywood, CEO of Scorpex, Inc.

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.

Scorpex (CE) (USOTC:SRPX)
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