WILTON, Conn., May 5 /PRNewswire-FirstCall/ -- Startech Environmental
Corporation (OTC Bulletin Board: STHK), a fully reporting company, today
announced its new Plasma Converter financing plans that make it possible for a
customer to not make a down payment and allows the customer to make fixed and
uniform equal monthly payments over a 12-year financing period with a single
balloon payment at the last month. The first monthly payment starts two
months after the system has been installed and has been processing.
Startech CFO Peter Scanlon, said, "Our banking relationship will even
allow the plans to be tailored precisely to each customer's specific
circumstance if necessary. One size does not have to fit all. We're going to
make it really easy to own a Plasma Converter."
One of the important things about the plans is that it allows customers to
have positive cash flow right from the start. If the customer is a not-for-
profit entity, the plan will improve the budget. If it's a for-profit entity,
it will improve the bottom line. Many customers may even be able to put the
Converter in the operating side of the budget rather than the capital side.
Scanlon added, "The potential customers we're talking to are very
enthusiastic. They can actually be making money with the system before they
even have to make the first payment."
About Startech Environmental Corp:
Startech is an environmental technology company engaged in the production
and sale of its innovative, proprietary plasma processing equipment known as
the Plasma Converter System that achieves closed-loop elemental recycling to
safely and irreversibly destroy inorganic and organic hazardous and non-
hazardous waste, industrial by-products, solids liquids or gases, while
converting them into useful commodity products that can include surplus energy
and also hydrogen for use and for sale.
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, general risks
associated with product development, manufacturing, failure of the Customer to
obtain appropriate lease financing for the project, 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.
Contact:
David Resnic or Lorra Gosselin
Schwartz Communications
781-684-0770
startech@schwartz-pr.com
SOURCE Startech Environmental Corporation
 back to top
CONTACT:
David Resnic or Lorra Gosselin, both of
Schwartz Communications, +1-781-684-0770,
startech@schwartz-pr.com
|
