Startech Environmental Corp Reports Strong Third Quarter Financials

    WILTON, Conn., Oct. 15 /CNW/ -- 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
    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 or contact
Steve Landa at (888) 807-9443, (203) 762-2499 EXT 7 or
    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:

For further information: Steve Landa of Startech Environmental Corp., 
+1-888-807-9443, +1-203-762-2499, ext. 7, Web Site:

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890