Contesa Consultores Tecnicos Especiales to represent Tirex America Inc. in Spain.CLIFTON, N.J.--(BUSINESS WIRE)--July 19, 1995--Tirex America Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Bulletin Board - "TXMR") announced today that Contesa Consultores Tecnicos Especiales, S.A., has agreed to serve as Tirex's representative and marketing specialist in Spain. Contesa presently acts as exclusive agent for U.S., British, Italian, and other foreign companies which supply various Spanish government
The European Economic Community's Proprietary Waste Streams Group in Brussels has established a target which would require that 60% of all used tires in the EEC EEC: see European Economic Community. be recycled by the year 2000. As a member of the EEC, Spain is subject to all such quotas and requirements and is presently engaged in planning and establishing six or more major waste recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. facilities to be funded and built by the central government and operated by local government administrations. Spanish government ministries are presently accepting and reviewing bids on the first of such facilities, which is scheduled to be built in 1996, in the province of Galicia, at a projected cost of approximately US$40 million. Tirex's president, Terence C. Byrne, stated that Contesa personnel are continuously involved in Spanish government programs and are in daily contact with various Spanish government planning and purchasing ministries, giving Contesa access to, and close familiarity with, Spanish government supply and purchasing requirements, personnel and procedures. Byrne believes that as a result, Contesa is extremely well positioned and equipped to act as Tirex's representative to various Spanish authorities, to promote and seek Spanish business opportunities for Tirex, and to identify, qualify and obtain on Tirex's behalf, tender documents and contract awards from the Spanish government as well as from potential users of Tirex's cryogenic cryogenic /cry·o·gen·ic/ (-jen´ik) producing low temperatures. cry·o·gen·ic adj. 1. Relating to or producing low temperatures. 2. tire disintegration disintegration /dis·in·te·gra·tion/ (-in?ti-gra´shun) 1. the process of breaking up or decomposing. 2. equipment (the "TCS (Transportation Control System) A widely used integrated information system for railroad transportation developed by the Missouri Pacific Railroad Company in the late 1960s and early 1970s. It was later implemented by Union Pacific when the companies merged. System") in the private sector. Tirex is currently finalizing arrangements for the completion of the first production model of its TCS-1 System. CONTACT: Tirex America Inc., Clifton Terence C. Byrne, 201/253-0100 |
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