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June 2004Startech Environmental Finalizes Multiple Contracts in PolandWilton, CT— Startech Environmental Corporation, a fully reporting company, announced two $140 million contracts for Municipal Solid Waste processing facilities in Poland. The contracts call for Plasma Converter Systems that will be used to produce green power from a variety of waste materials. Production will commence upon the completion of the financing, now in progress, and the receipt of down payments for each of the two contracts. The first contract was made with the team of the Eco Group of America, Inc., of Princeton, New Jersey, and Conseil Development Alpha Ltd. of Warsaw, Poland. This contract calls for a 300 ton-per-day Plasma Converter System to process Municipal Solid Waste, hazardous waste, tires and medical waste on a designated site in Skierbreszow, Poland. The second contract was made with the team of the Eco Group of America, Inc. and Petro Nova Ltd. of Karlino, Poland. This contract calls for a 300 ton-per-day Plasma Converter System to process Municipal Solid Waste, hazardous waste, tires and medical waste on a designated site in Karlino, Poland. "The signing of these contracts is a significant breakthrough in the care of the Nation's environment," said Slawomir Jarmoc, president and CEO of the Eco Group of America, Inc. "Locating these facilities in Poland, a country which has recently joined the European Union, will help provide a new direction for the rest of the nations of Europe and the world. This is the beginning of a great advancement in protecting the environment and protecting public health and safety." |