Company Receives $250,000 for Distributorship for the
Nations and Territories of the Caribbean
WILTON, Conn., Sept. 20 /PRNewswire-FirstCall/ -- Startech Environmental
Corporation (OTC Bulletin Board: STHK), announced today the appointment of the
PlasmaTech Corporation of San Juan, Puerto Rico as its exclusive distributor
for the Territories and Island Nations of the Greater and Lesser Antilles. The
Company has received a $250,000 irrevocable payment for this distributorship
agreement.
The agreement requires PlasmaTech to purchase a ten ton-per-day Plasma
Converter System, or larger, by May 25, 2005. In addition, the agreement
requires PlasmaTech to purchase a minimum number of Startech Plasma Converter
Systems to maintain the distributorship.
"Solid Waste Management and its effect on public health and safety are
critical concerns in Puerto Rico and throughout the Territories and Island
Nations of the Caribbean," said Enrique Ruiz, president of PlasmaTech. "In the
Island Nation marketplace, there is a great dependence on invisible earnings
such as tourism. The need to support and expand the economic shift to tourism
in many island nations has been obstructed by problematic solid waste handling
practices -- practices for the most part that are archaic that also adversely
impact public health and safety."
He continues, "Many of the islands in the Caribbean area are densely
populated with much of the population encroaching onto coastal, marginal and
environmentally sensitive lands. With our expertise, experience and knowledge
we and Startech will bring Plasma Converters to the Caribbean to implement
affordable and efficacious Solid Waste Management Plans and Practices."
VP of Startech sales, Steve Landa, said, "In addition to the improvement
of public health and safety, our Converters will provide clean energy for
power generation, producing hydrogen and creating fresh water."
About PlasmaTech Corporation
PlasmaTech is a well-established company based in Puerto Rico that has
operated in the solid waste management, processing and waste hauling
industries in the Caribbean for many years.
About Startech Environmental Corporation
Startech systems safely and economically destroy wastes, no matter how
hazardous or lethal, and turn them into useful and valuable products. In doing
so, the system helps protect the environment and public health and safety.
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. 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.
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.
For further information, contact Joseph F. Longo, of Startech, at
(203) 210-0141 or at jfl@startech.net. Please see the Startech Web page at
http://www.startech.net.
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 of Schwartz
Communications, +1-781-684-0770, startech@schwartz-pr.com
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