WILTON, Conn., July 7 /PRNewswire-FirstCall/ -- Startech Environmental Corp. (OTC BB: STHK), a fully reporting, Award-winning Environment and Energy Company, today urged its shareholders not to take any action with respect to the commencement of a tender offer on July 6, 2009 by Friendly LRL Holdings LLC to purchase all of the outstanding shares of Startech for $0.65 per share in cash.
The Startech board of directors today said that it will carefully review the tender offer materials that Friendly LRL has disseminated. The Startech board will advise shareholders of the board's position regarding the Friendly LRL tender offer by July 17, 2009, as required by law.
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" fue
|SOURCE Startech Environmental Corp.|
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