BRIGHTON, Mich., May 14, 2013 (GLOBE NEWSWIRE) -- JPX Global, Inc. (OTC:JPEX) (the "Company"), a development-stage industrial, hazardous and toxic waste disposal services company, is currently in negotiations with construction management firms to further develop its site near Ensenada, Mexico. Permitting for the initial site has taken several months, and has required significant capital. As an early-stage company, the Company continues to seek long-term financing for the final permitting and 2nd phase of construction as well as financing for future sites.
The Company anticipates being able to announce other opportunities with foreign governments and domestic partners for their waste storage, recycling, and disposal needs in the near future.
Chief Executive Officer Jim Foran stated, "We are very pleased with the progress we are making towards the establishment of our first operating facility and for the execution of our business plan which includes the management of waste globally as well as domestically."
About JPX Global, Inc.
JPX Global's purpose is 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.
For more information, visit www.jpxglobalinc.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.
CONTACT: Express IR (512) 267-2430Source:JPX Global, Inc.