DayStar Technologies, Inc. (DSTI) Appoints Michael Matvieshen as Special
Consultant and Further Announces His Successful Negotiation
to Retire All Daystar's Senior Secured Debt
KELOWNA, BC -- (Marketwired) -- 05/17/13 -- DayStar Technologies,
Inc. (PINKSHEETS: DSTI) announces that Mr. Michael Matvieshen has
successfully retired all senior secured debt held by Mr. Peter Lacey
and Mike Morretti through a conversion to DSTI common shares at $1.20
Lorne "Mark" Roseborough, CEO of DayStar stated, "The completion of
this debt reduction represents a true milestone in the turn-around of
DayStar. Mr. Matvieshen has been successful in facilitating
retirement of our long-term debt of approximately $5.4 million down
to -0-. We would like to thank the patience of our shareholders and
look forward to increasing their share value as we now move forward
with the execution of DayStar's global renewable energy business
About DayStar Technologies, Inc.
DayStar Technologies, Inc. (DSTI) is a developer of solar
photovoltaic products and has assembled a team of project engineers
and other industry professionals to facilitate the 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
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