Company Receives Quarter Million Dollars for Distributorship for Iberian
Peninsular and Surrounding Area
WILTON, Conn., May 19 /PRNewswire-FirstCall/ -- Startech Environmental
Corporation (OTC Bulletin Board: STHK), a fully reporting company, announced
today the appointment of Materiales Renovados, S.L. of Madrid, Spain as its
exclusive distributor for Spain and Portugal, and the receipt from it of
$250,000 for that Distributorship. The Distributorship Agreement requires
Materiales Renovados to purchase its first 10 ton-per-day Plasma Converter
System (PCS), or larger, by February 28, 2006. The Agreement also requires
Materiales Renovados to purchase $300 million worth of Startech Plasma
Converter Systems uniformly during the next ten years as a minimum to maintain
the Distributorship.
Guillermo M. Moreno, CEO of Materiales Renovados, said, "In Spain, due to
the high ecological sensibility and concern regarding the environmental
protection, there is great untapped market for Plasma Converters to solve
industrial and hospital wastes elimination problems to start with, followed
soon thereafter by municipal waste processing. I am pleased to say that now
that we are a Startech distributor, there are several projects that we can
implement immediately. In addition, we have also offered Startech very
attractive manufacturing opportunities in the industrial heartland of Spain
for systems that will be sold anywhere in the world."
Joseph F. Longo, president and CEO of Startech Environmental, said, "The
appointment of Materials Renovados is an important marketing step for Startech
to more readily service customers in Spain, Portugal, European Union countries
and also countries of Northwest Africa. Materials Renovados and Startech have
been working closely together during the past eight months with industrial
customers and municipalities in Spain resulting in an extensive list of
potential customers for both market segments.
About Materiales Renovados
Materiales Renovados is highly regarded environmental engineering and
manufacturing firm that is a division of CEPI Ingeieria, Desarrollos y Mejora,
SL of Spain. It is also a distinguished consulting firm specializing in
operational improvements for industrial and municipal clients.
Contact Guillermo M. Moreno at Guillermo.moreno@aventum.net or at
(34) 91-314.17.78.
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.
Startech regards all wastes as valuable renewable resources. Plasma
Converters process, as feedstocks, materials previously regarded as wastes.
For further information, please visit http://www.startech.net or contact
Steve Landa at (888) 807-9443, (203) 762-2499 x148 or sales@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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Schwartz Communications, +1-781-684-0770,
startech@schwartz-pr.com
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