I like this company (I'm a share holder), but this sounds a little strange. Thoughts?
Press Release Source: Startech Environmental Corporation
Startech Environmental Announces New No-Money-Down Financing Plans
Wednesday May 5, 8:30 am ET
WILTON, Conn., May 5 /PRNewswire-FirstCall/ -- Startech Environmental Corporation (OTC Bulletin Board: STHK - News), a fully reporting company, today announced its new Plasma Converter financing plans that make it possible for a customer to not make a down payment and allows the customer to make fixed and uniform equal monthly payments over a 12-year financing period with a single balloon payment at the last month. The first monthly payment starts two months after the system has been installed and has been processing.
Startech CFO Peter Scanlon, said, "Our banking relationship will even allow the plans to be tailored precisely to each customer's specific circumstance if necessary. One size does not have to fit all. We're going to make it really easy to own a Plasma Converter."
One of the important things about the plans is that it allows customers to have positive cash flow right from the start. If the customer is a not-for- profit entity, the plan will improve the budget. If it's a for-profit entity, it will improve the bottom line. Many customers may even be able to put the Converter in the operating side of the budget rather than the capital side.
Scanlon added, "The potential customers we're talking to are very enthusiastic. They can actually be making money with the system before they even have to make the first payment."
About Startech Environmental Corp:
Startech is an environmental technology company engaged in the production and sale of its innovative, proprietary plasma processing equipment known as the Plasma Converter System that achieves closed-loop elemental recycling to safely and irreversibly destroy inorganic and organic hazardous and non- hazardous waste, industrial by-products, solids liquids or gases, while converting them into useful commodity products that can include surplus energy and also hydrogen for use and for sale.
Press Release Source: Startech Environmental Corporation
Startech Environmental Announces New No-Money-Down Financing Plans
Wednesday May 5, 8:30 am ET
WILTON, Conn., May 5 /PRNewswire-FirstCall/ -- Startech Environmental Corporation (OTC Bulletin Board: STHK - News), a fully reporting company, today announced its new Plasma Converter financing plans that make it possible for a customer to not make a down payment and allows the customer to make fixed and uniform equal monthly payments over a 12-year financing period with a single balloon payment at the last month. The first monthly payment starts two months after the system has been installed and has been processing.
Startech CFO Peter Scanlon, said, "Our banking relationship will even allow the plans to be tailored precisely to each customer's specific circumstance if necessary. One size does not have to fit all. We're going to make it really easy to own a Plasma Converter."
One of the important things about the plans is that it allows customers to have positive cash flow right from the start. If the customer is a not-for- profit entity, the plan will improve the budget. If it's a for-profit entity, it will improve the bottom line. Many customers may even be able to put the Converter in the operating side of the budget rather than the capital side.
Scanlon added, "The potential customers we're talking to are very enthusiastic. They can actually be making money with the system before they even have to make the first payment."
About Startech Environmental Corp:
Startech is an environmental technology company engaged in the production and sale of its innovative, proprietary plasma processing equipment known as the Plasma Converter System that achieves closed-loop elemental recycling to safely and irreversibly destroy inorganic and organic hazardous and non- hazardous waste, industrial by-products, solids liquids or gases, while converting them into useful commodity products that can include surplus energy and also hydrogen for use and for sale.
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