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FOR IMMEDIATE RELEASE STARTECH ENVIRONMENTAL ANNOUNCES SUCCESSION PLAN
WILTON, CT, April 22, 2008 --/WORLD-WIRE/-- Startech Environmental Corp. (OTC BB: STHK), a fully reporting, Award-winning Environment and Energy Company today announced the implementation of the Management Succession Plan unanimously approved by the Company’s Board of Directors at its recent meeting held on March 26, 2008.
Joseph F. Longo, Startech president and CEO, said, “Startech is fortunate to have many fine people of promise and talent. During the past year, we have increased the breadth of the Company’s skills and strengths, and now the objective is to increase the depth of those skills and strengths with a particular emphasis on back-up positions. “Provisions have to be made for the possible loss of key-people resulting from such things as retirements, resignations, deaths and even long term-illnesses. The immediate, primary focus of the Management Succession Plan will be on our senor-executive-officer positions, including the office of President and CEO. This will allow for smooth transitions over time, and insure the stability, good order and future prosperity of the Company.” About Startech – the environment and energy company Startech is the internationally recognized, Award-winning Environment and Energy Industry Company producing and selling 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 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 urban waste, organics and inorganics, solids, liquids and gases, hazardous and non-hazardous waste, industrial by-products and also items such as electronics-waste (e-waste), medical waste, chemical industry waste and other specialty wastes, while converting many of them into useful commodity products that can include silicates, metals and a synthesis-gas called Plasma Converted Gas (PCG) ™. Among the many commercial uses for PCG, is its use to produce "Carbonless Electric Power” from Startech Hydrogen, Gas-To-Liquid (GTL) fuels such as ethanol, synthetic diesel fuel and other higher alcohol “alternative” fuels. Startech Hydrogen, for commercial use and sale, can also be recovered from the PCG. 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 and as feedstocks. 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 news release contains forward-looking statements, including statements regarding the Company's plans and expectations regarding the development and commercialization of its Plasma Converter™ 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. |
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