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KELOWNA, British Columbia, Feb. 15, 2013 (GLOBE NEWSWIRE) --
DayStar Technologies, Inc. (Nasdaq:DSTI) announces completion of its first acquisition from Avatar Solar of a Hawaiian solar park. The Company's agreement with Avatar is to acquire all its operational solar parks throughout the State of Hawaii. DayStar paid
cash and common shares issued at $2.00 for this solar park.
Lorne Roseborough, DayStar's President, stated, "This is the first completed transaction in DayStar's strategy to acquire fully operational projects. We are looking at geographical regions where we plan to expand services to build and operate projects as a solar power provider, very similar to
companies like SolarCity. The big difference is that DayStar is actively looking to own and operate projects long-term, and has plans to change how renewable energy is provided long-term with our investment in
DayStar Technologies, Inc. (DSTI) is a developer of solar photovoltaic products and has assembled a world-class team of project engineers, and industry finance professionals, to facilitate the complete development of renewable energy projects throughout the world. DayStar is currently embarking on a strategy of strategic partnerships to enter new markets within the global renewal energy industry including ownership and construction of solar and renewable power plants. For more information, visit the DayStar website at
For corporate information, contact Mr. Dan Giesbrecht, VP Business Development,
For Investor Relations, contact Mr. William Nalley, Orsay Groupe,
email@example.com, phone 305-515-8077.
DayStar Technologies, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=17161Safer Harbor: Statements contained in news release, which are not historical facts, may be forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate" and "intend" or future or conditional verbs such as "will," "would," "should," "could" or "may." We undertake no obligation to update any forward-looking statements.