"The SEC suspended our trading for 10 days for being
delinquent in filing audited financials. It will cost approximately
$100K to get audited and filed. When we close a TCS sale that is our
first priority. In the meantime, we will submit our unaudited
financials to the SEC by Nov. 25 with a Legal Appeal to allow us
more time to raise the capital to complete the audit."
Tirex has developed and owns the technology that is a U.S.
patented, semi-cryogenic tire recycling process, known as
the TCS System. It is environmentally friendly, economically
viable (even without tipping fees), and reduces scrap tires
into -5 to –30 mesh (or finer) clean crumb rubber with a
uniquely smooth morphology and saleable, intact steel wire
and fiber. Tirex's proprietary process, that doesn't use
liquid nitrogen, freezes the rubber and then passes it
through it's patented fracturing mill which breaks the
rubber apart, instead of cutting it, exposing the whole
strands of steel and fiber, and leaving a value added crumb
rubber that is best suited for extrusion molding recycled
rubber products and higher end performance surfaces.
Tirex's full scale TCS prototype was accredited by Recycle
Quebec in Montreal.
Tirex management welcomes all
governments, companies and investors interested in our
business of bringing to market what we believe is the most
economically viable and environmentally friendly tire
recycling process in the industry.
Safe Harbor Statement:
statements made in this release may contain language describing the
plans, goals, strategies, intentions, forecasts and expectations of
The Tirex Corporation that may be referred to as "forward-looking
statements." Several important factors could cause actual results to
differ materially from those in such forward-looking statements, and
Tirex could encounter unanticipated obstacles and delays in
developing products, service offerings and markets.
Note From the President:
"Please be advised that the Company will only distribute material news to the public through an SEC filing that may or may not be accompanied with a news release. Consistent with this Company policy, the Company will not publicly disseminate any information pertaining to any negotiations to commercialize its technology."