Scorpex, Inc. (SRPX)

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Re: Scorpex, Inc. (SRPX)

Postby QualityStocks » Mon Jul 11, 2011 11:34 am

Scorpex, Inc. (SRPX) Announces Definitive Agreement to Acquire Scorpex International

Scorpex, Inc. was pleased to announce today that it has entered into a definitive agreement to acquire Scorpex International, Inc. The acquisition has been effected through the merger of a direct wholly-owned subsidiary of the company with Scorpex International. Scorpex International is now a wholly-owned subsidiary of the company.

Formerly known as Scorpion International Waste Solutions, Inc., Scorpex International, Inc. is a development stage company in the hazardous and toxic waste industry. With its first facility located near Ensenada, Mexico, the company is developing its first property for the storage, recycling, treatment, and disposal of hazardous waste. Once completed, Scorpex International will have the only industrial waste processing facility of its kind in Baja Mexico.

It is intended that the transaction will qualify for a tax free plan of reorganization pursuant to the provision of Sections 368(a)(1)(B) of the Internal Revenue Code of 1985, as amended. Pursuant to the terms of the agreement, each issued and outstanding share of Scorpex International stock, other than those cancelled, has been converted into the right to receive 75 percent of one share of the Company’s stock.

Chief Executive Officer Joseph Caywood commented, “We are very excited to bring this emerging growth story to the public markets and will be working diligently to start the audit process and further increase transparency and industry awareness by engaging a third party valuation company. With access to equity financing, we will be able to accelerate our growth strategy to capitalize on the burgeoning opportunities in the Baja Mexico/California region where demand for waste management exceeds capacity.”
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Re: Scorpex, Inc. (SRPX)

Postby mwest » Mon Jul 11, 2011 10:05 pm

Really great news especially if they are able to do this under a tax free plan.
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Re: Scorpex, Inc. (SRPX)

Postby stockseeker30 » Mon Jul 11, 2011 10:52 pm

They really have done a great job to have this offered to them, due to all the red tape you have to go through.
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Re: Scorpex, Inc. (SRPX)

Postby QualityStocks » Tue Jul 12, 2011 7:35 am

Scorpex, Inc. (SRPX) CEO Interview Featured on SmallCapVoice.com

SmallCapVoice.com, Inc. today told investors that a new audio interview with Scorpex, Inc. is now available. The interview can be heard at the following link: http://smallcapvoice.com/blog/7-8-11-au ... heets-srpx

A recognized corporate investor relations firm, with clients nationwide, SmallCapVoice is known for its ability to help emerging growth companies build a following among retail and institutional investors. The firm offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools include stock charts, stock alerts, and client information sheets that can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.

Scorpex, Inc. 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. To date, the company has constructed a 10,000 square foot storage facility, water reservoir and septic system, sprinkler system, and security fence and is in the process of developing other necessary infrastructure on its 26-acre site.
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Re: Scorpex, Inc. (SRPX)

Postby protostars » Tue Jul 12, 2011 8:07 am

Good interview. Says they are 85% finished with construction, with road building well under way, and then talks about the huge gap Scorpex fills in Mexico, also making it clear that doing business outside the U.S. is not nearly as problematic as some would think.
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Re: Scorpex, Inc. (SRPX)

Postby armedical » Tue Jul 12, 2011 3:31 pm

Mexico isn’t a third world country either. Although, like any other country it has its political issues, most of the time they are very cooperative with American companies who would like to set up shop there, so to speak.
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Re: Scorpex, Inc. (SRPX)

Postby mwest » Tue Jul 12, 2011 10:04 pm

Mexico is looking to boost their economy so no they would not give any new and upcoming buisness a difficult time, especially if they have potential.
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Re: Scorpex, Inc. (SRPX)

Postby stockseeker30 » Tue Jul 12, 2011 10:24 pm

Mexico now is not just up and coming their economy is begining to boom as buyers and investors are making this country the home of choice, which opens a great opportunity for SRPX.
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Re: Scorpex, Inc. (SRPX)

Postby protostars » Wed Jul 13, 2011 8:28 am

Americans sometimes forget that every culture is different, with different priorities and different ways of looking at things. Once you are willing to learn and respect these differences, you can make progress.
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Re: Scorpex, Inc. (SRPX)

Postby mwest » Wed Jul 13, 2011 12:01 pm

That is true Educating yourself about your potential client makes everything run so much smoother.
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Re: Scorpex, Inc. (SRPX)

Postby stockseeker30 » Wed Jul 13, 2011 1:31 pm

Not just Americans have this problem, but since America is actively involved in many countries this education should be first priority.
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Re: Scorpex, Inc. (SRPX)

Postby armedical » Wed Jul 13, 2011 6:04 pm

Getting to know what makes a country run and how the people are affected daily will allow a company to make good business choices and meet demands. They have to be open minded and flexible.
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Re: Scorpex, Inc. (SRPX)

Postby protostars » Thu Jul 14, 2011 7:50 am

Dealing with another country without understanding their culture is like playing a card game without agreeing on the rules.
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Re: Scorpex, Inc. (SRPX)

Postby armedical » Thu Jul 14, 2011 6:55 pm

Joseph Caywood President of Scorpex seems to be very involved in every aspect of the company. It is good to see that he cares very much about the success of what he called “my baby,” referring to Scropex.
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Re: Scorpex, Inc. (SRPX)

Postby mwest » Thu Jul 14, 2011 9:01 pm

Great point armedical and that kind of care will ensure that attention to detail is very closely considered.
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Re: Scorpex, Inc. (SRPX)

Postby stockseeker30 » Thu Jul 14, 2011 9:47 pm

Hard to find people that think that dearly about their companies, many try to see how far a company will take them and then sell it off at the first sign of trouble.
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Re: Scorpex, Inc. (SRPX)

Postby protostars » Fri Jul 15, 2011 8:14 am

Shareprice holding its own.
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Re: Scorpex, Inc. (SRPX)

Postby armedical » Fri Jul 15, 2011 12:43 pm

People are starting to realize how profitable foreign markets can be and how relatively trouble free they can be.
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Re: Scorpex, Inc. (SRPX)

Postby mwest » Fri Jul 15, 2011 7:38 pm

It is protostars small but steady.
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Re: Scorpex, Inc. (SRPX)

Postby stockseeker30 » Fri Jul 15, 2011 8:28 pm

Less than 1% of an increase put they are still doing better than most.
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