BRIGHTON, Mich.--(BUSINESS WIRE)--JPX Global, Inc. (OTCBB: JPEX) (the "Company"), announced today through its exclusive license with Tratamientos Ambientales Scorpion S.A. de C.V., ("TAS") a Mexican corporation, it is developing approximately 26 acres at Fraccion A-2 Del Rancho El Encinito Km 18.7 Carretera A Ensenada-OJOS Delegacion Real Del Castillo, Ensenada, B.C. CP 22800 for the purpose of storing and disposing of residential and commercial, toxic, non-toxic, hazardous and non-hazardous waste.
In Addition to the Ensenada property detailed above, TAS has finalized a lease for a second property of approximately 5 hectacres located at Parcela 45 Y 46 Plan Libertador Blvd. 2000, Rosarito, B.C. This Rosarito lease is a 6-month term lease with a lessee option to renew every 6-months indefinitely. The cost for the lease is $2500 per month.
Jim Foran, Chief Executive Officer of JPX Global stated, As we build a foundation for our long term operations we believe that a second location in the Baja California region will assist in our long term business plan. This second site will be for processing, storage, and/or as a transfer station, depending on what we feel will be our greatest need. The authorizations to process waste will allow us to operate and build on both the Rosarito and Ensenada properties.
About JPX Global, Inc.
JPX Global's purpose is to develop mineral extraction and also to provide municipalities with management and disposal of solid municipal waste, including energy co-generation. The Company's commitment to the municipality is to provide a cost effective, green solution to managing waste supply.
About Tratamientos Ambientales Scorpion S.A. de C.V.
TAS is a Mexican holding company that owns property and has licensed its assets exclusively to JPX Global, Inc. in return for twenty percent (20%) of net revenues from operations in Mexico.
For more information, visit www.jpxglobal.net
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.
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