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DayStar Closes First Solar Park Purchase in Hawaii

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UPDATE: Daystar Tech Receives Letter from NASDAQ, Says on At Least Two Occasions, Co Has Violated Shareholder Approval Requirements
DayStar Technologies Offers Clarification on Recently Released Report on $3.9M Retirement in Debt

DayStar Technologies, Inc. (NASDAQ: DSTI) announces completion of its first acquisition from Avatar Solar of a Hawaiian solar park. The Company's agreement with Avatar is to acquire all its operational solar parks throughout the State of Hawaii. DayStar paid cash and common shares issued at $2.00 for this solar park. Lorne Roseborough, DayStar's President, stated, "This is the first completed transaction in DayStar's strategy to acquire fully operational projects. We are looking at geographical regions where we plan to expand services to build and operate projects as a solar power provider, very similar to companies like SolarCity. The big difference is that DayStar is actively looking to own and operate projects long-term, and has plans to change how renewable energy is provide long-term with our investment in Premier Global.

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