Starmet Corporation Requests Withdrawal of Offering

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Starmet Corporation Requests Withdrawal of Offering

    CONCORD, Mass., Aug. 18 /PRNewswire/ -- Starmet Corporation (Nasdaq: STMT)
announced today it will not proceed with the public offering of its Common
Stock at this time.  The Company intends to request the withdrawal of the
registration statement for the sale of its Common Stock, which was filed on
April 8, 1998, with the Securities and Exchange Commission.  The Company has
determined that, due to current unfavorable market conditions, the proposed
issuance would not be in the best interest of the Company or its shareholders.
    Starmet Corporation is a diversified metallurgical technology company
based in Concord, Massachusetts.

SOURCE Starmet Corporation

http://www.starmet.com
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CONTACT:
James M. Spiezio, Vice President, Finance of
Starmet Corporation, 978-369-5410