DayStar Technologies (DSTI) Begins Revenue Generation by Closing the
Previously Announced LOI With Avatar Solar to Purchase Operating
Solar Parks in Hawaii
KELOWNA, BC -- (Marketwire) -- 01/09/13 -- DayStar Technologies,
Inc.'s (NASDAQ: DSTI) Board of Directors approved the issuance of
shares at two dollars per share to Avatar for its completed Hawaii
projects. Total purchase price is $US850,000.
Lorne (Mark) Roseborough, DayStar's President, stated, "This
transaction is representative of opportunities that we are evaluating
and marks the start of a new segment of business growth for DayStar.
We officially move into our first revenue stream with the completion
of this transaction, we look forward to creating a long-term
relationship with Avatar Solar to acquire more of their completed
projects and assisting them with new ones."
Lorne (Mark) Roseborough, DayStar's President, further stated, "Our
intention is to move forward on this division of our business in a
very aggressive manner. Additionally, the Company's Board has
approved management to pursue the licensing of its technology and
About DayStar Technologies, Inc:
DayStar Technologies, Inc. (DSTI) is a developer of solar
photovoltaic products based upon CIGS thin film deposition technology
and is currently embarked 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. Visit
DayStar's website, http://www.daystartech.com/.
About Avatar Solar:
Avatar Solar is an alternative energy service provider, specializing
in solar electric systems through sales of long-term electricity by
way of Power Purchase Agreements (PPA). Avatar Solar has designed and
implemented cost-effective solar electricity solutions for large
scale commercial properties in both California and Hawaii. Avatar is
involved in projects around the world and is currently working on
more than 5 megawatts of projects.
For information contact, William J. Nalley, Orsay Groupe,
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