WILTON, Conn., Jan. 28 /PRNewswire-FirstCall/ -- Startech Environmental Corp. (OTC Bulletin Board: STHK), a fully reporting, Award-winning Environment and Energy Company today announced that on January 23, 2010, the Company received a written request from its potential Investor to agree to the Investment Closing Date of February 4, 2010, and the Company also announced that it has informed the Investor that it has accepted that Closing Date.
Safe Harbor for Forward-Looking Statements
This news release contains forward-looking statements, including statements regarding the Company's plans and expectations regarding the development and commercialization of its Plasma Converter™ technology. All forward-looking statements are subject to risk and uncertainties that could cause actual results to differ materially from those projected. The Company cannot provide any assurance that it will be able to complete any potential financing by February 4, 2010 on terms that are favorable to the Company. If the Company raises additional funds by issuing equity securities or any securities convertible into equity, the Company expects that its shareholders will experience dilution of their shareholdings. If the Company is unable to obtain financing by February 4, 2010, or shortly thereafter, the Company will have to cease operations.
Factors that could cause such a difference include, without limitation, failure of the Investor 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 Corp.