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Startech Environmental Board Reaffirms Recommendation That Stockholders Not Tender Their Shares at This Time

Posted on: Wednesday, 22 July 2009, 07:00 CDT

WILTON, Conn., July 22 /PRNewswire-FirstCall/ -- Startech Environmental Corp. (OTC Bulletin Board: STHK), a fully reporting, Award-winning Environment and Energy Company, today announced that the Board of Directors of Startech has unanimously reaffirmed its recommendation that Startech stockholders reject the offer of Friendly LRL Holdings, LLC and not tender their shares pursuant to the offer at this time.

The Board of Directors has carefully considered the recently announced amendments to the Friendly LRL offer and continues to believe that the Offer is inadequate and not in the best interests of the Company or its stockholders at this time. Notwithstanding the amendments, the Offer would deprive all stockholders of a continuing interest in the Company and its growth potential. The Company continues to be in discussions with potential investors for sale of a controlling or non-controlling interest in the Company that would provide needed equity capital and that would allow existing stockholders to participate in the Company's future growth and anticipated profitability. These discussions may extend beyond the current expiration date of the offer.

The Company reaffirms its commitment to keep stockholders informed of the results of discussions with potential investors, including Friendly LRL if the Board believes that the Company could thereby obtain a better result for stockholders. Should the recommendation of the Board change during the pendency of the offer, the revised recommendation will be promptly conveyed to stockholders.

At this time, however, the Board unanimously recommends that stockholders do not tender their shares.

For questions regarding the offer or for assistance in withdrawing previously tendered shares, contact Startech's information agent, Okapi Partners, at the address, phone number and email address below:

Okapi Partners 780 Third Avenue 30th Floor New York, NY 10017 Toll-Free for Shareholders: (877) 259-6290 Banks and Brokers Call Collect: (212) 297-0720 Email: info@okapipartners.com

About Startech -- The Environment and Energy Company

Startech is an internationally recognized, Award-winning, Environment and Energy Industry Company producing and selling 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 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)(TM). 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

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(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.

SOURCE Startech Environmental

Source: PR Newswire

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