Scorpex Receives a $90 Million Equipment Financing Letter of Intent

Scorpex, Inc. (Pinksheets: SRPX) (the "Company"), an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, 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.

Chief Executive Officer Joseph Caywood stated, “IET has continued to be a very strong partner in satisfying our debt equipment financing needs. Increasing the size of our initial equipment contract allows Scorpex the ability to start stronger with more sources of waste supplies. Furthermore, the access to larger equipment financing will allow us to build on the site as soon as possible. I anticipate being able to announce more specific details regarding the debt financing terms and conditions in the coming weeks.”

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 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.