WILTON, Conn., April 16 /PRNewswire-FirstCall/ -- Startech
Environmental Corp. (OTC Bulletin Board: STHK), a fully reporting,
Award-winning Environment and Energy Company today announced the
implementation of the Management Succession Plan unanimously approved by
the Company's Board of Directors at its recent meeting held on March 26,
2008.
Joseph F. Longo, Startech president and CEO, said, "Startech is
fortunate to have many fine people of promise and talent. During the past
year, we have increased the breadth of the Company's skills and strengths,
and now the objective is to increase the depth of those skills and
strengths with a particular emphasis on back-up positions.
"Provisions have to be made for the possible loss of key-people
resulting from such things as retirements, resignations, deaths and even
long term-illnesses. The immediate, primary focus of the Management
Succession Plan will be on our senor-executive-officer positions, including
the office of President and CEO. This will allow for smooth transitions
over time, and insure the stability, good order and future prosperity of
the Company."
About Startech -- the environment and energy company
Startech is the internationally recognized, Award-winning Environment
and Energy Industry Company producing and selling of its innovative,
proprietary plasma processing equipment known as the Plasma Converter
System(TM).
The Plasma Converter System safely and economically destroys wastes, no
matter how hazardous or lethal, and turns most 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 urban waste,
organics and inorganics, solids, liquids and gases, hazardous and
non-hazardous waste, industrial by-products and also items such as
electronics-waste (e-waste), medical waste, chemical industry waste and
other specialty wastes, while converting many of them into useful commodity
products that can include silicates, metals and a synthesis-gas called
Plasma Converted Gas (PCG) (TM).
Among the many commercial uses for PCG, is its use to produce
"Carbonless Electric Power" from Startech Hydrogen, Gas-To-Liquid (GTL)
fuels such as ethanol, synthetic diesel fuel and other higher alcohol
"alternative" fuels. Startech Hydrogen, for commercial use and sale, can
also be recovered from the PCG.
The Startech Plasma Converter is essentially a manufacturing system
producing valuable commodity products from feedstock-materials that were
previously regarded as wastes.
Startech regards all wastes, hazardous and non-hazardous, as valuable
renewable resources and as feedstocks.
For further information, please visit http://www.startech.net
Safe Harbor for Forward-Looking Statements
This news 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 Corp.
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http://www.startech.net
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CONTACT:
Steve Landa, +1-888-807-9443, or
+1-203-762-2499 EXT 7, sales@startech.net
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