PacWest Equities, Inc. Announces That Is Has Acquired the DayStar Technologies,
Inc., a NASDAQ Listed Company, Line of CIGS Solar
Technology, in a Deal Analysts Valued at More Than $55 Million
LAS VEGAS, NV -- (Marketwire) -- 03/25/13 -- PacWest Equities, Inc.
(PINKSHEETS: PWEI) announces today that it has acquired the DayStar
Technologies, Inc., a NASDAQ listed Company, line of CIG Solar
Technology, in a deal analysts valued in excess of $55 Million. The
deal includes the ownership of DayStar's 15 Chamber CIGS production
line which produces solar covered glass panels at the rate of one 2 x
4 sheet per minute, which is of significant importance to PacWest
Equities wholly owned subsidiary, World EcoSource's MobileFood(R) and
MobileFeed(R) Organic Food and Feed production lines. This technology
purchase also includes the DayStar library of 51 patents, patents
pending, and international patents, protecting the technology that
makes them the only manufacturer of large panel solar glass panels in
The technology cost over $100 Million to develop, with $67 Million
going to Research and Development, $12 Million to build the prototype
line, and $27 Million going to the actual production line now in
physical possession of PacWest Equities, Inc., which addresses the
construction market's need to replace typical tinted window panes in
high-rise buildings with Solar Glass Panels that generate electricity
at the same time as functioning as a window, a skylight, or any other
type of building cover. This technology is designed to integrate with
other technologies in the building market, but at the same time
opening up huge surface areas for Solar Generation that previously
were tinted, coated, and usually curtained to attempt to stop the
transfer of heat and energy drain.
About PacWest Equities, Inc.
PacWest Equities, Inc. specializes in working with under performing
companies and bringing together the resources needed for them to
attain financial stability and growth. Our focus is on recession
proof industries such as food and energy production showing a
positive upside while struggling to bring new bio-technologies and
unique products to market.
About World EcoSource, Corp.
The World Eco Source MobileFeed(R) and MobileFood(R) units provide
turnkey systems for either the production of livestock based
consumables or human based protein and vegetable consumables. The
MobileFeed(R) units are truly a sustainable green life cycle farming
system. Using solar powered and water conservation growing systems,
one trailer can produce 1,500 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.
About DayStar Technologies, Inc.
DayStar Technologies, Inc. has been an industry leader in the
development of thin film copper-indium-gallium-di-selenide solar
photovoltaics, commonly known as CIGS solar cells, for the direct
conversion of sunlight into electricity. Thin film photovoltaic CIGS
have the greatest promise for reducing the cost of solar energy.
Layers of the semiconductor are deposited along with other layers of
material to form a cell that utilize the photovoltaic effect to
enable the generation of solar electricity.
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 such statement.
PacWest Equities, Inc.
Press spacebar to pause and continue. Press esc to stop.