Date: October 15, 2007
Source: Startech Environmental Corp.
Startech Environmental Corp Reports Strong Third Quarter Financials
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.