Scorpex Suspension of Trading
Scorpex Suspension of Trading
LAS VEGAS--(BUSINESS WIRE)-- Scorpex, Inc. (Pink Sheets: SRPX) (the "Company"), an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, has received a trading suspension order from the Securities and Exchange Commission (the "SEC") for "questions concerning the adequacy and accuracy of press releases concerning the company's operations." The Company was not warned of this action and requested a list of the items needed to validate each press release in an effort to prove that all Company press releases are true and accurate. The list of items needed has not yet been provided by the SEC. The Company believes it is absolutely necessary to provide all information requested by the SEC immediately upon receipt of correspondence from the SEC. The official suspension order may be seen at http://www.sec.gov/litigation/suspensions/2012/34-67868-o.pdf.
Chief Executive Officer Joseph Caywood stated, "Unfortunately for our shareholders this suspension in trading may delay opportunities to buy and sell our stock. We do not believe that it hampers our longer-term operational goals. We intend to meet any requirements and resume trading on the OTC Markets trading platform as soon as possible."
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
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.
Investor Relations
Franco, Inc.
J.R. Munoz, 310-891-1838
KEYWORDS: United States Mexico North America Central America Nevada
INDUSTRY KEYWORDS:
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