DayStar Technologies,
Inc. 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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