DayStar Technologies Announces Debt Reduction Agreement of $3.9M

DayStar Technologies,

announced today an greement to exchange indebtedness for common stock, which resulted n the Company increasing its net worth by approximately $3.9 illion. he transaction consisted of the exchange of approximately $3.9 illion of indebtedness (including accrued interest) held by Peter A. acey, former Chairman of the Board and interim CEO for DayStar, for hares of common stock valued at $1.20 per share. ommenting on the transition, Lorne Roseborough, President of ayStar, said, "We are very pleased with this transaction which trengthens the Company's balance sheet. This transaction reflects ur commitment and support of the Company's goals. We are excited about our Global Renewable Utility Market concept, and a cleaner balance sheet will help facilitate that growth." About DayStar Technologies, Inc. DayStar Technologies, Inc. (DSTI) is a developer of solar photovoltaic products and has assembled a world-class team of pro engineers, and industry finance professionals, to facilitate the complete 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 energ industry including ownership and construction of solar and renewa power plants. For more information, visit the DayStar website at http://www.daystartech.com/. For corporate information, contact Mr. Dan Giesbrecht, VP Busines Development, info@daystartechinc.com, 778-484-5159.