PacWest Equities, Inc. Disclosed Today Preliminary Negotiations Regarding the
Acquisition of Listed Affiliate DayStar Technologies
Have Accelerated, in a Deal Some Analysts Have Valued in Excess of
$50 Million USD
LAS VEGAS, NV -- (Marketwire) -- 02/08/13 -- PacWest Equities, Inc.
(PINKSHEETS: PWEI) announced today the finalization of the Company's
negotiations regarding acquiring part or all of DayStar Technologies,
Inc.'s Solar Technology Line of CIGS technology, in a deal some
analyst's value in excess of $50 Million USD. The synergy of the
acquisition would allow PacWest to expand revenue, increase margin,
and vertically integrate their automated food growing systems.
The deal will include or be limited to the ownership of all of
DayStar's solar assets, including its proprietary differentiated
manufacturing process to produce low-cost monolithically integrated,
silicon-free CIGS-on-glass modules that address the grid-tied,
ground-based Solar (PV) market.
About World Eco Source Corp.
World Eco Source Corp. is a technology
based company which has developed the MobileFeed(R) and MobileFood(R)
systems helping offset deficient worldwide food production for both
animals and humans.
The World EcoSource MobileFeed(R) and MobileFood(R) systems, provide
turnkey systems for either the production of livestock based
consumables or human based protein and vegetable consumables. The
MobileFeed(R) system for animals is a truly sustainable green life
cycle farming system. Using solar powered water conservation growing
systems, one trailer can produce 1500 pounds daily of organically
grown grass for year round livestock consumption, lowering feed costs
by 200% while producing certified organic, grass fed livestock,
increasing profitability of the final product.
The MobileFood(R) system for humans enables the rapid production of
certified organic vegetables and proteins for humans through life
cycle harmonic integration of fish farms and hydroponic vegetables,
with one half of the system feeding/fertilizing the other half, and
vice versa. Growing tilapia side by side with vegetables, and using
the same water from the fish to fertilize the greens is not something
new, but by combining the hydroponic know-how with World Eco Source
patented technologies, the outputs have finally become commercially
This news release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995.The words or phrases "would be," "would allow," "intends to"
"will likely result," "are expected to," "will continue,"
"anticipate," "expect," "estimate," "project," "indicate," "could,"
"potentially," "should," "believe," "considers," or similar
expressions are intended to identify "forward-looking statements."
Actual results could differ materially from those projected in the
forward-looking statements as a result of a number of risks and
uncertainties. These include the company's historic lack of
profitability, end user customer acceptance and actual demand, which
may differ significantly from expectations, the need for the company
to manage its growth, the need to raise funds for operations and
other risks within the regulation of the industry. Statements made
herein are as of the date of this press release and should not be
relied upon as of any subsequent date. The Company's past performance
is not necessarily indicative of its future performance. The Company
does not undertake, and the Company specifically disclaims any
obligation, to update any forward-looking statements to reflect
occurrences, developments, events or circumstances after the date of
World EcoSource Corp.
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