Cash Position and Stockholders Equity Greatly Improved

    WILTON, Conn., June 3 /PRNewswire-FirstCall/ -- Startech Environmental
Corp. (OTC Bulletin Board: STHK), a fully reporting company, announced today
its financial results for the second quarter of fiscal 2004, ended April 30.
The Company reported a net profit of $109,024 for the quarter versus a net
loss of $557,595 for the same period in fiscal 2003. Revenues in the three
months ended April 30, 2004, totaled $1,517,240 versus no revenue for the
three months ended April 30, 2003.
    Peter J. Scanlon, the chief financial officer of Startech Environmental
Corp. said, "We are pleased to be making progress on revenue growth and
profitability.  The balance sheet also shows a significant improvement in our
cash position and stockholders equity as compared to the same period last
year."

                      STARTECH ENVIRONMENTAL CORPORATION
                    CONSOLIDATED STATEMENTS OF OPERATIONS
                                 (UNAUDITED)

                                                  Three months Three months
                                                     ended        ended
                                                    April 30,    April 30,
                                                      2004         2003
    Revenue                                      $ 1,517,240            $ 0
    Cost of sales and other expenses:
    Cost of goods sold                               546,756        (1,298)
    Selling expenses                                 250,838        200,657
    General and administrative                       536,003        281,826
    Research and development                          82,615         72,984
     Total cost of sales and other expenses        1,416,212        556,765

    Profit/Loss from Operations                      101,028      (556,765)

    Total Other income                                 8,357        (1,659)

    Income tax expense                                   361          1,767

    Net income (loss)                               $109,024     $(557,595)

    Weighted average number of common shares
     assumed outstanding:
    Basic                                         17,152,557     11,408,131
    Net profit/loss per share attributable to
     common stockholders:
    Basic                                               $.01         $(.05)


                      STARTECH ENVIRONMENTAL CORPORATION
                         CONSOLIDATED BALANCE SHEETS
                                 (UNAUDITED)

                                                    Apr. 30,       Apr 30,
                                                      2004           2003
    Assets:
     Total current assets                          3,902,646        714,348

    Property and equipment, net                    1,660,580      1,702,044
    Other assets                                     276,420        254,300

    TOTAL ASSETS                                 $ 5,839,646    $ 2,669,692

    LIABILITIES AND SHAREHOLDERS EQUITY

    CURRENT LIABILITIES:
     Total liabilities                              $553,190     $1,003,422

    SHAREHOLDERS' EQUITY:
     Preferred stock, no par value; shares
      outstanding: 0, and 35,665 shares,
      respectively                                         0         57,733

    Common stock-authorized, 800,000,000
     shares of no par value each;
     shares outstanding, 17,465,168
     and 11,527,816 shares, respectively          22,219,142     15,976,594
    Additional paid-in capital                     1,742,745      1,742,745
    Retained deficit                            (18,675,431)   (16,064,275)

    Total shareholders' equity                     5,286,456      1,665,918

    TOTAL LIABILITIES AND SHAREHOLDERS EQUITY     $5,839,646     $2,669,692

    About Startech Environmental Corporation
    Startech Environmental (http://www.startech.net) is an environmental
technology company engaged in the production and sale of its innovative,
proprietary plasma processing equipment known as the Plasma Converter System.
The System achieves closed-loop elemental recycling to safely and irreversibly
destroy Municipal Solid Waste, organics and in organics, solids, liquids and
gases, hazardous and non-hazardous waste, industrial by-products and also
items such as "e-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, contact Joseph F.
Longo at 888-807-9443 or jlongo@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.

    Contact:
     David Resnic or Lorra Gosselin
     Schwartz Communications
     781-684-0770
     startech@schwartz-pr.com

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