Company Receives Quarter Million Dollars For Distributorship
WILTON, Conn., June 7 /PRNewswire-FirstCall/ -- Startech Environmental
Corporation (OTC Bulletin Board: STHK), a fully reporting company, today
announced Plastech Solutions, Ltd. of New South Wales, Australia, as its
exclusive distributor for the territories of Australia and New Zealand. The
Company has received a $250,000 irrevocable payment from Plastech for the
distributorship.
The Agreement requires Plastech to contract for a 10 ton-per-day Plasma
Converter System (PCS) by October 30, 2004, to serve as its demonstration
system in its processing center and showroom. In addition, the agreement also
requires Plastech to purchase a minimum number of PCSs in the following years
to maintain the distributorship.
"This distributor agreement is further evidence that the world is taking
notice of Startech's value proposition," said Joseph F. Longo, chairman and
COO of Startech Environmental. "Waste should be viewed as a desirable,
renewable resource rather than an insurmountable problem. Instead of putting
trash in a hole in the ground and burning it, Startech's Plasma Converter
System safely and irreversibly destroys wastes of all kinds and transforms
them into valuable commodities, such as hydrogen, that can be used or sold by
the customer for a profit."
About Plastech Solutions
Plastech is a newly formed company whose officers have extensive
environmental industry experience and who have been successful in diverse
chemical and waste industry environmental applications in Australia, New
Zealand and South East Asia.
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 inorganics, 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
SOURCE Startech Environmental Corporation;
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Related links:
http://www.startech.net
CONTACT:
David Resnic or Lorra Gosselin, both of
Schwartz Communications, +1-781-684-0770,
startech@schwartz-pr.com
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