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FOR IMMEDIATE RELEASE STARTECH ENVIRONMENTAL RECEIVES FIRST PAYMENT FROM PLASTECH SOLUTIONS LTD FOR SALE OF PLASMA CONVERTER IN AUSTRALIA Company Has Received a $703,000 Initial Cash Payment for the First-of-its Kind 10 ton-per-day System in Australia with manufacturing starting on February 1st, 2006 WILTON, CT, July 11, 2006 --/WORLD-WIRE/-- Startech Environmental Corporation (OTC BB:STHK), a fully reporting company, announced today that Plastech Solutions, Ltd. has paid Startech $703,000 to commence manufacturing for Plastech's purchase of a 10 ton-per-day Plasma Converter System. Startech will begin manufacturing of the system on February 1, 2006 with the delivery scheduled for a date later in the year. The contract calls for fixed scheduled payments to be made during the manufacturing cycle. PlasTech Solutions, Ltd. of New South Wales, Australia is Startech's exclusive distributor for Australia, New Zealand and Oceana. Its $703,000 payment does not include the $250,000 Plastech paid for the Distributorship. The first-of-its-kind Startech 10 TPD Plasma Converter in the PlasTech territory will be processing an assortment of industrial and institutional wastes. Joseph F. Longo, CEO of Startech, said, "With PlasTech based in Australia, GlobalTech in China, and Mihama in Japan, the Company's distributors are now perfectly positioned to sell to and service the enormous Western Pacific Rim and Asian markets. Mihama, located in Kobe, Japan is expected to have completed the recommissioning of its Startech Plasma Converter System, moved from Fukuoka, and to be processing wastes by the end of February '06 in its newly built Plasma Converter Processing and Demonstration Center in Kobe. About Startech - a Waste Industry and Energy Company Startech Environmental is a Waste Industry and Energy company engaged in the production and sale of its innovative, proprietary plasma processing equipment known as the Plasma Converter System™. The Plasma Converter System safely and economically destroys wastes, no matter how hazardous or lethal, and turns them 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, a syn-gas energy product called Plasma Converted Gas (PCG)™ and also hydrogen for use and for sale. Startech regards all wastes as valuable renewable resources. Plasma Converters process, as feedstocks, materials previously regarded as wastes. For further information, please visit www.startech.net CONTACT: Steve Landa (888) 807-9443 (203) 762-2499 x 7 sales@startech.net # # # |
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