Native American Investors Group Issues Letter of Intent to Startech Environmental Corporation
RONKONKOMA, N.Y.,Nov. 10 /PRNewswire/ -- The Native American Investors Group LLC (NAIG) announced today that it has issued a Letter of Intent to the Startech Environmental Corporation (OTC Bulletin Board: STHK) to acquire Plasma Converter Systems for installation on Native American Indian Nations' Reservations to process various waste materials and to produce energy.
Wahed Said,NAIG president, said, NAIG is arranging for the funding for projects to improve the health and safety of Native American Indian Nations' Reservations throughout the United States. There are more than 500 Indian Nations in the United States alone. In addition to providing Startech's environmental and energy related systems for the Reservations, it is our intention to provide educational, housing and job-training facilities. We expect to have the first of a great many such projects completed in late 2009.
About Startech -- The Environment and Energy Company
Startech is the internationally recognized, Award-winning Environment and Energy Industry 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 most 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 and a synthesis-gas called Plasma Converted Gas (PCG) (TM).
Among the many commercial uses for PCG, is its use to produce "Carbonless Power," Gas-To-Liquid (GTL) fuels such as ethanol, synthetic diesel fuel and other higher alcohol "alternative" fuels. Hydrogen, for use and sale, can also be separated and recovered from the PCG synthesis gas mixture.
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.
This NAIG press release contains forward-looking statements, including statements regarding the Company's plans and expectations regarding the development and commercialization of its businesses.. 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 to obtain appropriate financing for the projects. 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.
Native American Investors Group
4175 Veterans Memorial Highway, Suite 310
Ronkonkoma, NY 11779
Phone: (877) 762-4440
Fax: (516) 977-3276
Email: mary@nativeinvestors.com
SOURCE The Native American Investors Group LLC (NAIG)
