Hot Penny Stock Pick
Scorpex International, Inc.
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Scorpex Inc. (SRPX.PK) 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”). 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 by the end of 2011.
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 intends to be a leading provider of integrated waste services initially in Mexico and to provide a comprehensive range of waste management services including the receiving, storage, transfer, recycling and disposal of waste in an environmentally sound manner. In providing these services, we intend to actively pursue projects and initiatives that we believe make a positive difference to our environment which will be focused on the gasification and recycling of waste. It is expected that our customer base will include commercial, industrial, municipal and residential customers, other waste management companies, electric utilities and governmental entities.
Scorpex has engaged the coastal city of Ensenada, Mexico to develop our first plant to accommodate the vast region of Baja, Mexico- California. This facility is being designed specifically for the purpose of processing industrial waste including those materials classified as industrial, toxic and hazardous.
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. Property upgrades include a water reservoir, septic system and one mile of 13’ high security fencing surrounding the property. Additionally, the company has completed extensive land use, permitting, and ecological studies. 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.
The target market for the waste management industry is any entity that creates waste. This in general is every state, municipality, household, business, etc. that creates waste and is in need of a proper method of disposal. Municipalities that can no longer properly take in waste disposal will contract with TAS to handle the proper disposal and storage of waste. U.S. corporations that have Maquiladoras will need the proper documentation and management for the disposal of the waste created from their facilities. There are over 3,000 Maquiladoras along the U.S./Mexico border, which are in need of a facility to properly dispose of their waste.
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
• Option for waste to energy management
• Temporary storage for hazardous wast
The first facility will be located on the existing Scorpex property located on the outskirts of Ensenada, Mexico. This property was strategically chosen pursuant to consultation with numerous officials and realtors. This location is less than three miles from the current landfill in Ensenada, Baja, Mexico.
The property address is: Fraccion A-2 Del Rancho El Encinito KM 18.7 Carretera A Ensenada – OJOS Delegacion Real Del Castillo, Ensenada, B.C.CP 22800.
This property has undergone three years of applications, permits, and governmental required studies. It is anticipated that final review for all permits and approvals for Scorpex operations will be forthcoming within the next ninety days. Scorpex is currently in the process of completing the final operational studies.
Scorpex has been approved to build ten (10) hazardous and industrial waste storage structures on its Ensenada property. Scorpex has completed construction of 80% of the first storage facility. These structures are specially designed with concrete flooring and special catch drainage systems, along with an emergency fire sprinkler system.
Scorpex has contracted with IET, 380 B Whirlaway Drive Suite #7 Danville Kentucky 40422 to build its state of the art waste gasification plant on site. The IET plant will be capable of processing 800 tons per day of hazardous and industrial waste.
The Waste Gasification / Thermal Oxidation technology is a two-stage waste gasification process that converts combustible organic matter from its existing solid or liquid state into a gas under an oxygen depleted environment (also know as “oxidation”). The resulting gas product is then well mixed with ambient air before being flared off in a secondary gas-processing unit.
Scorpex has secured commitments from various companies within Baja, Mexico. These manufacturers and waste haulers will use Scorpex’s new facility for the storage and disposal of their industrial waste. Scorpex’s goal is to be in full operational capacity by the first quarter of 2012
Equipment and Process
The Waste Gasification/Thermal Oxidation Plant, Scorpex chose converts waste to ash, is a two-stage waste combustion process that converts combustible organic matter from its existing solid, sludge or liquid state into a gas under an oxygen depleted environment (also know “oxidation”). The resulting gas product is then well mixed with ambient air before being burnt off in a secondary gas-processing unit.
The technology converts any man made or organic waste product back to its natural state, which is inert ash or breathable air. The technology is capable of handling community solid waste content and bio-solids including medical waste, tires, plastics, wood waste, oily waste, furniture and other organic or man-made compounds found in municipal or industrial waste.
The plant is comprised of three basic components: a Primary Gasification Cell, a Secondary Gas Processor, and a computerized Process Logic Controller. Combustible waste material is placed into the primary gasification cell through the load access door. In some facilities this can be done via a loading conveyor. The proposed design is to have collection vehicles dump their waste load directly into the primary oxidation cell. The Primary Cell can be either a batch or continuous feed processor. Based on our research, batch processing provides the most efficient and cost effective strategy for the waste management solution.
Residual materials (bottles, cans, ash and misc.) need only to be removed periodically. The composition of MSW consists mainly of organic and combustible waste. Glass and metals are easily extracted in our plant design as it includes equipment that will assist in the process and cut down on labor man-hours. Ash removal is either an automated or manual process. In Automated Unloading mode, the base of the primary gasification cell contains a ductile iron furnace floor conveyor that evacuates material remaining in the base of the unit through a side access door. This dry waste material empties into a storage bin, which can be removed to another location for recycling.
SRPX already constructed a 10,000 square foot storage facility, water reservoir and septic system.
SRPX 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.
SRPX is in negotiations with AISA, a Mexican waste transportation company to provide disposal services for up to 800 tons of waste per year.
SRPX expects to start this operation in the 3rd quarter of 2012 and for it to reach capacity in 2013.his represents up to $288 MLN in gross revenue per year based on a price of $1200 per ton!
SRPX has already undergone 3 years of applications, permits and governmental required studies. They are the process of building 10 hazardous and industrial waste storage structures on its Ensenada property.
SRPX has already gone out and secured commitments from several companies within Baja California.These manufacturers and waste haulers will use SRPX’s new facility for the storage and disposal of their industrial waste.
With these plans in place SRPX has the potential to soon start generating significant revenues.
SRPX recently announced that they have brought on Mantyla McReynolds, a CPA firm based in Salt Lake City, as its audit firm. This could mean the company expects to qualify for a higher exchange once they are fully reporting… which could be gigantic for the company!
SRPX has already undergone 3 years of applications, permits and governmental required studies
SRPX just announced a $90 million financing commitment from The Helping Hands Foundation for Habitat and Humanity.
SRPX previously recieved a $90 million financing commitment from International Renewable Energy Facilitation Company for the financing of waste gasification/thermal oxidation equipment at Scorpex’s previously-announced site in Ensenada, Mexico.
SRPX is in its final phase of approvals and permitting for its initial site near the City of Ensenada, Mexico. The Company expects approval of its final Use of Soil Permit from Ensenada soon. Scorpex anticipates approval of its zoning plan and construction permits after the Use of Soil Permit is issued.
SRPX has signed a waste supply contract with AISA, a Mexican waste transportation company with headquarters located in Tijuana, Mexico. The agreement states that AISA must provide 300 tons of hazardous and toxic waste at an average price per ton of $1,200 USD. Gross revenues from this agreement could produce up to $360,000 USD gross revenue per day and $131,400,000 USD gross revenue per year from this contact with AISA alone.
SRPX has received an executed financing letter of intent from International Environmental Technologies, Inc. (“IET”) for the financing of its waste gasification/thermal oxidation equipment and licenses currently under contract with Scorpex. IET has represented that multiple sources are interested in financing the equipment it plans to install at the Company’s initial site near Ensenada, Mexico.
SRPX filed its zoning application with the city of Ensenada, Mexico. The Company expects that this application will be accepted soon. Zoning of its initial site is necessary for the Company’s upcoming construction and operating plans. The Company believes that there will not be any extensive delays with its zoning application and development of the site.
Joseph Caywood – CEO and Board Member
Joseph Caywood Chief Executive Officer is an entrepreneur that has been successful in the recycling, waste management and disposal industries, in addition to a host of others. Mr. Caywood has successfully owned and operated many businesses since 1989, including an extremely profitable classic car business.
Mr. Caywood has invested his own money into various business enterprises including Scorpex, Inc., where he has spent the last several years developing a toxic and hazardous waste storage, recycling, and disposal site on the perimeter of Ensenada, Mexico.
Mr. Caywood is a hands-on CEO, who has invested thousands of hours to see Scorpex become a profitable business. His dedication to the success of Scorpex and its waste management facility is evident by both the time and monetary equity he has vested thus far.
Chene Gardner – Interim CFO and Board Member
Chene Gardner currently serves Alto Group Holdings, Inc., a filer of reports pursuant to requirements of the Securities Exchange Act of 1934, as Chief Financial Officer. He is also an executive officer and director of Nano Dimensions, Inc. and an executive officer and director of Secure Netwerks, Inc. Mr. Gardner previously served Fuelstream, Inc. as the Financial Controller and has auditing and accounting experience with the firm Deloitte &Touche LLP, serving clients in the banking, manufacturing, and retail industries.
Kenneth I. Denos – Board Member
Kenneth Denos brings with him extensive top management experience as he has served as the Chief Executive Officer of numerous successful companies, both public and private, including Equus Total Return, Inc., SportsNuts, Inc., MCC Global N.V., and Moore, Clayton Capital Advisors, Inc. He has also served on the Board of Directors for Secure Netwerks, Inc., Healthcare Enterprise Group PLC and Tersus Energy PLC. Currently, Mr. Denos serves as Deputy Chairman of the Board of London Pacific & Partners, Inc., in addition to working in other endeavors.
Breaking SRPX News:
February 13 – Scorpex Receives Second $90M Equipment Financing Commitment
Scorpex, Inc. (Pinksheets: SRPX.PK – News) – an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region – announced today a $90 million financing commitment from The Helping Hands Foundation for Habitat and Humanity (“HHFHH”). HHFHH, located at Cerrada de Explanada 525, Lomas de Chapultepec, Mexico City, 11000, Mexico, works in close collaboration with the federal and state governments in Mexico and private corporations toward the fulfillment of the United Nations Millennium Development Goals by providing investment and loans for qualified projects.
The commitment is for the financing of waste gasification/thermal oxidation equipment at Scorpex’s previously announced site in Ensenada, Mexico. The financing is linked to the recent purchase contract signed with International Environmental Technologies, Inc.
“We continue to gain relationships like HHFHH to pursue our corporate goals,” according to Scorpex Chief Executive Officer Joseph Caywood. “We anticipate being able to provide our shareholders further information about the terms of financing, permit approvals and other exciting developments during this first quarter. The next two months are extremely important for our expansion efforts on our initial site and our growth plan into other regions of Mexico.” 6
Scorpex International, Inc.
10300 West Charleston Blvd. 13-160
Las Vegas, Nevada 89135
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