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I`ve had this one on my radar for a few months now - its a GREEN company...
Tirex Announces Progress on Patented “Fracturing Mill” with Simpro S.p.A. of Italy
WESTPORT, Conn.--(BUSINESS WIRE)--The Tirex Corporation (OTCBB:TXMC) today announced that Simpro S.p.A.’s manufacturing of Tirex’s “fracturing mill” section of its tire recycling technology – the TCS System – in Simpro’s Brazilian factory is now 70% finished and is expected be completed in Italy before the fourth quarter of this year.
“In addition to our recent announcement of Simpro’s signing of a Memorandum of Understanding to build the first commercial TCS System in Malaysia, the completion of the ‘fracturing mill’ marks another milestone as we move forward in production,” according to Tirex CEO, John L. Threshie Jr.
Simpro is licensed by Tirex to manufacture, install, commission and warrant turnkey TCS facilities and offer a performance bond guarantee.
Tirex anticipates announcing other TCS technology agreements and developments with Simpro that are currently in the discussion phase. Any such new facilities would expand Tirex’s technological reach internationally.
Simpro (http://www.simpro.it/home.php?argid=49&pagid=18&lang=en) is headquartered in Turin, Italy. It is ISO 9001 (Quality Management), ISO 14001 (Environmental Management) and EMAS (Environmental Management and Audit System) accredited.
Tirex’s TCS (Tirex Cryo System) process freezes scrap tire pieces with cold air, as opposed to expensive liquid nitrogen, and then “break” the rubber into granules in a “fracturing mill”, instead of cutting and shredding it. This process separates the marketable strands of steel and fiber from the frozen ground rubber in a “green” environmentally-friendly, economically-attractive process. The process is U.S. and Canadian patented.
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck!
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Tirex Files Financial Statements Through March 31, 2009
The Tirex Corporation (OTC:TXMC) recently filed an amended 10-K annual report for the fiscal year ended June 30, 2008; and amended 10-Q reports for the quarter and the six month period ended December 31, 2008 as well as the quarter and nine-month period ended March 31, 2009.
Other than minor editorial modifications, there were no material changes to the information previously filed. These amended reports provide the independent accountant audit and review reports with respect to the relevant financial statements.
“With these filings, we will once again be eligible to become a fully-reporting company in accordance with U.S. securities laws and regulations,” according to President and CEO, John L. Threshie Jr. “This is significant because our next objective is to once again be trading on the OTC Bulletin Board,” Threshie said.
“Combined with our progress towards realizing the commercialization of our patented tire recycling system, being current and timely with financial reports underpins our efforts to enhance shareholder value and move our business to the next level,” Threshie added.
The Company’s independent accountants are currently engaged in audit activities for the fiscal 2009 year ended June 30.
Link to full financial statements: www.sec.gov/edgar/searchedgar/webusers.htm; click on “Company and Other Filings”; then type in TIREX in the “Company Name” box on the next screen.
Tirex’s TCS (Tirex Cryo System) process freezes scrap tire pieces with cold air – as opposed to expensive liquid nitrogen – and then “breaks” the rubber into granules in a patented “fracturing mill”, instead of cutting and shredding it. This process separates the marketable strands of steel and fiber from the frozen ground rubber with a “green,” environmentally-friendly, economically-attractive tire recycling system. For more information go to www.tirex-tcs.com.
(The statements which are not historical facts contained in this news release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.)
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck!
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Tirex Announces Retirement of Outside Auditor Principal; Change to New Firm for Fiscal 2009
The Tirex Corporation (OTC:TXMC) late yesterday filed an 8-K “current report filing” form with the Securities and Exchange Commission noting the change in its outside auditing firm from Moore & Associates, Chtd. to Seale and Beers, CPAs.
“Tirex was recently informed that Michael Moore, principal of Moore & Associates, was retiring from auditing and that Seale and Beers will be taking over all clients and employees,” according to Tirex President and CEO John L. Threshie Jr.
The filing points out that “there have been no disagreements between The Tirex Corporation and Moore & Associates, Chtd. on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of Moore & Associates, Chtd., would have caused it to make a reference to the subject matter of disagreement in connection with its reports.”
Seale and Beers has been engaged to perform audit activities for the fiscal 2009 year ended June 30.
Tirex’s TCS (Tirex Cryo System) process freezes scrap tire pieces with cold air – as opposed to expensive liquid nitrogen – and then “breaks” the rubber into granules in a patented “fracturing mill”, instead of cutting and shredding it. This process separates the marketable strands of steel and fiber from the frozen ground rubber with a “green,” environmentally-friendly, economically-attractive tire recycling system. For more information, go to www.tirex-tcs.com.
(The statements which are not historical facts contained in this news release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.)
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck!
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