WILTON, Conn., Oct. 15 /PRNewswire-FirstCall/ -- Startech Environmental
Corp. (OTC Bulletin Board: STHK), a fully reporting company and the
internationally recognized, award-winning environment and energy company
announced today that its Quarterly Report, filed with the SEC on September
14, shows Shareholders' Equity in excess of $5 million with approximately
$10 million in Cash on Hand, along with Plasma Converter Systems Sales of
approximately $25 million.
The Company has also received additional cash partial-payments of
approximately $3.5 million for the systems sold and in production.
Startech VP and CFO, Peter Scanlon, said, "With production for the
systems sold well underway, the fact is that the Company has never before
been as strong as it is today, and getting stronger."
About Startech -- The Environment and Energy Company
Startech is the internationally recognized, award-winning environment
and energy industry company engaged in the production and sale of its
innovative, proprietary plasma processing equipment known as the Plasma
Converter System(TM).
The Plasma Converter System safely and economically destroys wastes, no
matter how hazardous or lethal, and turns most 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 many of them into useful commodity products that
can include metals and a synthesis-gas called Plasma Converted Gas (PCG)
(TM).
Among the many commercial uses for PCG, is its use to produce "green
electrical power," Gas-To-Liquid (GTL) fuels such as ethanol, synthetic
diesel fuel and other higher alcohol "alternative" fuels. Hydrogen, for use
and sale, can also be separated and recovered from the PCG synthesis gas
mixture.
The Startech Plasma Converter is essentially a manufacturing system
producing valuable commodity products from feedstock-materials that were
previously regarded as wastes.
Startech regards all wastes, hazardous and non-hazardous, as valuable
renewable resources.
For further information, please visit http://www.startech.net or
contact Steve Landa at (888) 807-9443, (203) 762-2499 EXT 7 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 Corp.
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Related links:
http://www.startech.net/
http://www.prnewswire.com/comp/113537.html/
CONTACT:
Steve Landa of Startech Environmental Corp.,
+1-888-807-9443, +1-203-762-2499, ext. 7, sales@startech.net
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