DayStar Technologies Inc. Announces Separation of Units
March 23 2004 - 2:00PM
PR Newswire (US)
DayStar Technologies Inc. Announces Separation of Units GRASS
VALLEY, Calif., March 23 /PRNewswire-FirstCall/ -- DayStar
Technologies Inc. today announced that the Units of its securities,
previously trading under the symbol DSTIU on the NASDAQ SmallCap
Market, have separated. Each Unit has separated into one share of
common stock and three warrants, one Class A redeemable warrant,
and two Class B non-redeemable warrants, each warrant to purchase
one share of common stock. The shares of common stock, Class A
warrants and Class B warrants will trade separately on the NASDAQ
SmallCap Market under the symbols DSTI, DSTIW and DSTIZ,
respectively, beginning today March 23, 2004. DayStar initially
sold the Units as part of its recently completed public offering.
The units will no longer trade. This press release shall not
constitute an offer to sell any securities or the solicitation of
an offer to buy nor shall there be an offer of these securities in
any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state. About DayStar Technologies Inc.
DayStar Technologies, Inc. has developed a thin-film,
copper-indium- gallium-selenide solar cell, known as a CIGS solar
cell, for the direct conversion of sunlight into electricity. The
company is developing a high- volume manufacturing process that it
believes could result in solar electricity power production at
commercially viable rates. SAFE HARBOR STATEMENT: This news release
contains "forward-looking statements" that are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. "Forward-looking statements" describe future
expectations, plans, results, or strategies and are generally
preceded by words such as "future, " "plan" or "planned, " "will"
or "should," "expected," "anticipates," "draft," "eventually" or
"projected." You are cautioned that such statements are subject to
a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those
projected in the forward-looking statements, including risks that
our products may not achieve customer acceptance or that they will
not perform as expected, and other risks identified in our annual
report on Form 10-K and other filings with the SEC. You should
consider these factors in evaluating the forward-looking statements
included herein, and not place undue reliance on such statements.
The forward-looking statements are made as of the date hereof and
DayStar Technologies Inc. undertakes no obligation to update such
statements. DATASOURCE: DayStar Technologies Inc. CONTACT: Kelly
McCarthy of DayStar Technologies Inc., +1-530-271-5557 or Web site:
http://www.daystartech.com/
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