SRPX: $90M Equipment Financing Commitment

Scorpex, Inc. (Pinksheets: SRPX.PK) – 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 International Renewable Energy Facilitation Company (InREFco) of Magalia, CA.

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. (IET).

We are very excited about InREFco’s commitment to Scorpex,” according to Scorpex Chief Executive Officer Joseph Caywood.

InREFco’s endorsement affirms that waste gasification is an effective solution to the waste disposal problems the world faces today. Scorpex, with its affiliate IET and new relationship with InREFco, anticipates additional financing commitments within the next 30 days for our initial site and other potential locations.

InREFco and Scorpex are negotiating the terms of the financing of equipment purchased from IET for the Ensenada, Mexico site.

InREFco specializes in the financing of waste gasification/thermal oxidation equipment. It also finances renewable energy and environmentally friendly projects for businesses and governments.

About InREFco

InREFco is International Renewable Energy Facilitation Company. InREFco is committed to helping communities around the world harness local renewable resources and providing financing solutions to help solve many of the world’s challenges.

For more information, visit

About Scorpex, Inc.

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

Source: BusinessWire

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