WILTON, Conn., Jan. 24 /PRNewswire-FirstCall/ -- Startech Environmental
Corporation (OTC Bulletin Board: STHK), in response to recent inquiries
regarding the possible sale of shares of Startech's common stock by Northshore
Asset Management, LLC and certain of its affiliates upon effectiveness of a
registration statement filed by Startech, today announced that it has received
assurances and a vote of confidence from Kevin O. Kelley, Northshore president
and CEO, and its affiliates that they continue to be committed to remaining a
significant shareholder in Startech for the long-term. The Company has also
received like assurances from Ardent Research, another significant Startech
shareholder.
Kevin O. Kelley, President and Chief Executive Officer of Northshore Asset
Management, said, "We have been an investor in Startech for several years and
remain committed long-term holders of Startech's stock. We have the utmost
confidence in Startech and its products, and we are most enthusiastic about
its immediate and long term future. It is also our opinion that the present
Startech share price is greatly undervalued."
Fran Saldutti, President and Chief Executive Officer of Ardent Research
Corporation, said, "We see few investment opportunities in the global economy
offering the scale and the magnitude of this next stage in the evolution of
the waste industry. Startech's technology appears to place it squarely at the
intersection of heightened environmental concerns and the increasing cost and
complexity associated with the safe and economic disposal of both hazardous
and non-hazardous waste."
About Startech Environmental Corp.
Startech is a Waste Industry company engaged in the production and sale of
its innovative, proprietary plasma processing equipment known as the Plasma
Converter System. The Plasma Converter System safely and economically
destroys wastes, no matter how hazardous or lethal, and turns them into useful
and valuable products. In doing so, the System protects the environment and
helps to improve the public health and safety. The System achieves
closed-loop elemental recycling to safely and irreversibly destroy Municipal
Solid Waste, organics and inorganics, solids, liquids and gases, hazardous and
non-hazardous waste, industrial by-products and also items such as "e-waste,"
medical waste, chemical industry waste and other specialty wastes while
converting them into useful commodity products that can include metals,
surplus energy and also hydrogen for use and for sale. For further
information, please visit http://www.startech.net or contact Joseph F. Longo
at (888) 807-9443, (203) 210-0141 or jfl@startech.net.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements, including
statements regarding the Company's plans and expectations regarding the
development and commercialization of its Plasma Converter(TM) technology. All
forward-looking statements are subject to risk and uncertainties that could
cause actual results to differ materially from those projected. Factors that
could cause such a difference include, without limitation, failure of the
customer to obtain appropriate financing for the project, general risks
associated with product development, manufacturing, rapid technological change
and competition as well as other risks set forth in the Company's filings with
the Securities and Exchange Commission. The forward-looking statements
contained herein speak only as of the date of this press release. The Company
expressly disclaims any obligation or undertaking to release publicly any
updates or revisions to any such statement to reflect any change in the
Company's expectations or any change in events, conditions or circumstances on
which any such statement is based.
SOURCE Startech Environmental Corporation
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Related links:
http://www.startech.net
Company News On-Call:
http://www.prnewswire.com/comp/113537.html
CONTACT:
David Resnic or Jennifer Roedel, both of
Schwartz Communications, +1-781-684-0770,
startech@schwartz-pr.com, for Startech Environmental Corp.
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