NEWARK, Calif., June 2 /PRNewswire-FirstCall/ -- DayStar
Technologies, Inc. (Nasdaq: DSTID), a developer of solar
photovoltaic products based on CIGS thin-film deposition technology
announced today that on May 27, 2010
it received a letter from the NASDAQ Stock Market confirming that
the Company has met the requirements of the NASDAQ Hearings Panel's
decision dated April 9, 2010, and
accordingly the Panel has determined to continue the listing of the
Company's securities on The NASDAQ Stock Market.
"We are very pleased that the Hearings Panel has granted our
request to remain listed on the NASDAQ Stock Market," said
Magnus Ryde, Chief Executive
Officer. "I strongly believe that our continued listing on the
NASDAQ Stock Market enhances shareholder value. Again, we are very
appreciative of our shareholders who participated in our annual
meeting on April 23, 2010 and
approved the reverse split. Your support has been crucial to
positioning the Company to retain its NASDAQ listing."
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. Any statements in this release regarding DayStar's business
that are not historical facts may be considered "forward-looking
statements." The forward-looking statements in this news release
are based on information available at the time the statements are
made and/or management's belief as of that time with respect to
future events and involve substantial risks and uncertainties that
could cause actual results and outcomes to be materially different.
Forward-looking statements are based on management's current
preliminary expectations and are subject to risks and
uncertainties, which may cause DayStar's results to differ
materially and adversely from the statements contained herein. Some
of the potential risks and uncertainties are detailed in DayStar's
annual report on Form 10-K for the year ended December 31, 2009, and other filings made with
the Securities and Exchange Commission. Undue reliance should not
be placed on forward-looking statements, which speak only as of the
date they are made. DayStar undertakes no obligation to update any
forward-looking statements to reflect new information, events or
circumstances after the date they are made, or to reflect the
occurrence of unanticipated events.
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Contact:
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DayStar Technologies, Inc.
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Patrick J. Forkin III
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Sr. Vice President
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Corporate Development
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408/907.4633
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A. Renee Sutton, Esq.
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General Counsel
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408/907.4654
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SOURCE DayStar Technologies, Inc.
