WILTON, Conn., Nov. 3 /PRNewswire-FirstCall/ -- Startech Environmental
Corporation announced today that its Board of Directors has appointed Peter J.
Scanlon to the position of Chief Financial Officer effective November 1, 2003.
Mr. Scanlon is 54 years old and has served as the Company's V.P. of Finance
and Administration for the past five years. His extensive financial
experience includes 18 years with IBM where he was Manager of the
International Financial Systems Group developing financial systems and
procedures for IBM's European manufacturing operations. Mr. Scanlon has a
Bachelor of Science Degree in Accounting from Manhattan Collage, and lives
with his wife of 32 years and his daughter in Watertown, Connecticut.
Former Chief Financial Officer, Robert L. DeRochie, has departed the
Company upon completion of his Employment Contract on October 31, 2003.
Mr. DeRochie will be available to assist the Company as a consultant on an
as-need basis. Mr. DeRochie has stated that he will return to the financial
investment and investor relations area.
About Startech Environmental Corporation:
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(TM). The system achieves closed-loop elemental
recycling to safely and irreversibly destroy toxic, hazardous and non-
hazardous waste and industrial by-products, including such items as PCBs,
medical waste, asbestos and municipal solid waste, while converting them into
safe commercial products that can include surplus energy and also hydrogen for
use and for sale. The hydrogen produced can be used to power fuel cells and
also to power ICE (Internal Combustion Engine) vehicles.
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, 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 Corporation
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Related links:
http://www.startech.net
Company News On-Call:
http://www.prnewswire.com/comp/113537.html
CONTACT:
Joseph F. Longo of Startech Environmental
Corporation, +1-203-762-2499
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