PacWest Equities, Inc. Secures Invitation From Brazilian Government Officials to Bring Its Line of Solar Manufacturing Equipment
PacWest Equities, Inc. Secures Invitation From Brazilian Government Officials to Bring Its Line of Solar Manufacturing Equipment to Brazil
LAS VEGAS, NV -- (Marketwired) -- 08/05/13 -- PacWest Equities, Inc. (PINKSHEETS: PWEI) announced today that it has been invited by Government Officials in Brazil to bring its CIGS Line of Solar manufacturing equipment, acquired in a deal some analysts valued in excess of $55 Million USD, to Brazil to open a multi-product suite of solar products for production and distribution in Brazil and other South American countries.
Based upon the Company's technology and the acquisition of DayStar Technologies, Inc.'s library of 51 patents, patents pending, international patents, and Intellectual Property, Brazilian Officials feel that PacWest Equities is uniquely positioned to help propel them into a leader in the production of Solar Photovoltaic products.
The technology, which 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 and possession of PacWest Equities, Inc., 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. With the amount of solar potential in Brazil, combined with their high electricity rates and desire to preserve the environment, Brazil is uniquely positioned for rapid growth in this sector.
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 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 pro mise for reducing the cost of solar energy. Layers of the semiconductor are deposited along with other layers of material to form a cell that utilizes the photovoltaic effect to enable the generation of solar electricity.
Safe Harbor 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.
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