WILTON, Conn., Jan. 4--PRNewswire-AsiaNet/InfoQuest 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 in February, 2006 Startech Environmental Corporation (OTC Bulletin Board: 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 the System on February 6, 2006 with the delivery scheduled for a date later in the year. The contract calls for a fixed schedule of payments to be made to the Company during the manufacturing cycle. Plastech Solutions, Ltd. of New South Wales, Australia is Startech's exclusive distributor for Australia, New Zealand and Oceania. Its $703,000 payment does not include the $250,000 that Plastech paid to the Company 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. For further information, please contact [email protected] 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 Mihama's 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(TM). 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)(TM) 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 http://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 at 1-888-807-9443, +1-203-762-2499 x148, [email protected], Startech Environmental Corporation; Ruth Buchanan of PlasTech Solutions, Ltd., [email protected] Web site: http://www.startech.net --Distributed by AsiaNet (www.asianetnews.net)--