WILTON, Conn., Oct. 3 /PRNewswire-AsiaNet/ -- Company Receives Quarter Million Dollars in Cash for the China Distributorship Startech Environmental Corporation (OTC Bulletin Board: STHK), a fully reporting company, announced today the appointment of GlobalTech Environmental Incorporated of Central, Hong Kong, with offices in Shanghai, Beijing and Changzhou in China as its exclusive distributor for the Peoples Republic of China. The Company has received $250,000 as the cash fee cash for that Distributorship. The Distributorship Agreement requires GlobalTech to purchase its first 25 ton-per-day Plasma Converter System (PCS), or larger, by June 30, 2006. The Agreement also requires GlobalTech to purchase $40 million worth of Startech Plasma Converter Systems by March 27, 2007 and also $150 million worth of Plasma Converter Systems each year for the ten years following as a minimum to maintain the Distributorship. Joseph F. Longo, president and CEO of Startech Environmental, said, "GlobalTech will be managing the Distributorship with its principal operating partner the Jingu Group. Jingu is a preeminent company with diversified businesses in urban infrastructure development and planning, construction and also environmental engineering. The Jingu world headquarters is located in Changzhou, Jiangsu on the east coast of China near Shanghai." "Even beyond China," he said, "a Shanghai operation is also very important to all of our Western Pacific Rim marketing and sales initiatives." Blake Edwards, GlobalTech Managing Director said, "The market for Converters in China is enormous. It's an economy growing by leaps and bounds. Beijing is getting ready to host the 2008 Summer Olympics, the Green Olympics. Shanghai is hosting the 2007 Asia Pacific Games and recently won the bid from the Bureau of International Expositions in Monte Carlo to host the 2010 World Exposition. These will be incredibly valuable platforms from which to show Plasma Converters to the world." Blake Edwards also said, "GlobalTech has already selected a site in Zhengzhou to install its first Plasma Converter System and it expects this to be closely followed by systems in Shanghai and Beijing. GlobalTech currently markets its black water re-use technology throughout the Asia Pacific Region and will use its environmental solutions consulting and marketing expertise to produce sales in China." For further information on GlobalTech, please contact its website - www.globaltechenviro.com About Startech Environmental Corp. Startech is a Waste Industry 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 them into useful commodity products that can include metals, surplus energy 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 or contact Steve Landa at (888) 807-9443, (203) 762-2499 x148 or [email protected] 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. SOURCE: Startech Environmental Corporation CONTACT: Steve Landa, 1-888-807-9443, +1-203-762-2499, x148, or [email protected] site: http://www.startech.net