DayStar Technologies Begins Revenue Generation by Closing Previously Announced LOI With Avatar Solar

DayStar Technologies, Inc.’s Board of Directors approved the issuance of shares at $2 per share to Avatar for its completed Hawaii projects. Total purchase price is $850,000.

“This transaction is representative of opportunities that we are evaluating and marks the start of a new segment of business growth for DayStar,” Lorne (Mark) Roseborough, DayStar’s President, stated. “We officially move into our first revenue stream with the completion of this transaction. We look forward to creating a long-term relationship with Avatar Solar to acquire more of their completed projects and assisting them with new ones.

“Our intention is to move forward on this division of our business in a very aggressive manner,” Roseborough added. “Additionally, the company’s Board has approved management to pursue the licensing of its technology and equipment.”