SRPX - Business Description: Scorpex Inc. (SRPX) a

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Mar 20, 2012 at 10:24 PM

SRPX - Business Description:

Scorpex Inc. (SRPX) a Nevada corporation is focused on becoming a leader of hazardous and toxic waste disposal in the Baja Mexico/California region where demand for waste management exceeds capacity. Scorpex and its subsidiaries have been granted certain Mexican governmental permits and licenses that will allow them to develop and dispose of toxic and nontoxic waste originating from the United States and Mexico.

As of June 1, 2010, Scorpex acquired 100% of the issued and outstanding securities of Scorpex International, Inc. which has an exclusive license agreement with its partner Tratamientos Ambientales Scorpion, a Mexican corporation (“TAS&rdquo . Scorpex, through TAS has applied to obtain the necessary governmental approvals to store, gasify, recycle and dispose of residential and commercial, toxic, non-toxic, hazardous and non-hazardous waste.

It has taken eight years, and Scorpex has met many various governmental regulatory guidelines, feasibility studies, and has worked hand in hand with government officials on key issues pertaining to zoning, road studies, environmental guidelines, land issues, health issues, and employment issues.

Recently Scorpex has been granted all permits, Federal, State and Local that now allows phase II of it’s business model to be implemented which is to immediately start building a patented waste gasification plant, expected to be finalized in 2012. Funding for the plant is estimated in the amount of $35 million USD, which has already been committed and will begin during Q4 2011. As a result of these efforts, Scorpex will have the only industrial waste processing facility of its kind in Baja Mexico.

Scorpex is currently in discussions with several fortune 500 companies to properly dispose their toxic waste. The company expects to obtain lucrative agreements from these large companies.

Scorpex has recently obtained clearance from “PROFEPA - Procuraduría Federal de Protección al Ambiente” (The Federal Attorney for Environmental Protection) to move the project forward. We have what is termed a resolution/approval to proceed with the project. PROFEPA can be defined as the police of the government or the Attorney General of the environment.

Currently Scorpex has a signed $30 million USD contract from IET to provide the required Gasification equipment.

This is a Gasification/Thermal Oxidation Unit with a low cost of operation. The contract includes all performance and completion bonds, as well as other miscellaneous guarantees.

As far as competition is concerned there is virtually none. Scorpex will soon dominate the industry in this sector. Currently Mexico is limited to shipping waste to France or Holland, trucking back to the United States, or trucking over vast distances to Monterrey Mexico. Shipping alone costs all of these companies, government, and Maquiladoras hundreds of millions of dollars. Many companies are waiting in anticipation for us to finish and begin operations to manage their waste.

At the present time we are, at best, approximately two to three years ahead of any possible competitor. Due to the NAFTA Agreement between the United States and Mexico, Scorpex is able to bring waste in from the United States. Laws and regulations indicate toxic and hazardous waste may be brought across borders to be treated and managed properly, but anything harmful left over must be returned to the country of origin. After our gasification process, there is nothing harmful left to ship back with the leftover toxic waste being reduced to ash.

Scorpex has strategically selected and acquired 24.7 acres of land less than nine miles outside of Ensenada, Mexico. The location was chosen after consultation with numerous officials and local realtors. The site is located less than two miles from the current landfill. On-site improvements to the Company’s first facility include a 10,000 square foot specifically designed storage facility with a “catch” drainage system and emergency sprinkler system.

To date, Scorpex has spent more than $3 million USD in connection with the permitting process and the development of the existing property and facility. The property has undergone three years of applications, permitting and governmental required studies.

TAS will provide an efficient, cost-effective and environmentally sound alternative for the transfer and disposal of this waste. Companies may no longer have to ship their waste thousands of miles away by truck or by barge. As a result we expect strong growth opportunities for our company.

In Mexico, the waste management industry consists primarily of national and local companies of varying sizes and financial resources. No other company in Mexico presently processes and disposes of waste through the gasification process, often referred to as thermal oxidation. This gives us a distinct competitive advantage and makes our service attractive to governmental, commercial and residential target markets.

Waste Collection and Disposal:

Disposal of hazardous waste and hazardous production waste

Hazardous material collection for municipalities, counties and other local authorities

Complete separation of material

Decontamination of contaminated sites and soils

Environmentally sound usage of production residuals

Recycling

Option for waste to energy management

Temporary storage for hazardous waste

IET Waste Gasification/Thermal Oxidation Plant:

Scorpex Inc (SRPX) Stock Research Links

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