LAS VEGAS, NV -- (Marketwire) -- 07/27/11 -- Scorpex, Inc. (PINKSHEETS: SRPX) (the 'Company'), an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, today announces it has entered into a major agreement with International Environmental Technologies, Inc. ('IET') for the acquisition and installation of waste gasification/thermal oxidation equipment as well as a license to use the technology.
IET's patented technology is capable of processing municipal waste, medical waste and hazardous waste simultaneously without presorting for maximum efficiency. The oxygen starved system virtually eliminates noise and noxious odors when operating while reducing waste volume by 95%. The design of the system also reduces breeding sites for scavengers, rodents, insects and disease that are sometimes found in other processes.
Chief Executive Officer Joseph Caywood commented, 'Following our evaluation of various waste processing techniques and technologies, we found the solution offered by IET to be superior to those offered by competitors. Securing this technology was a crucial part of our business plan. We will provide additional details very soon.'
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
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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.