HALFMOON, N.Y., March 8 /PRNewswire-FirstCall/ -- DayStar Technologies, Inc. , a developer and manufacturer of innovative CIGS Photovoltaic Foil(TM) products, today announced that it reported results for the year ended December 31, 2006 in its Form 10-KSB ("the 10-K") filed with the U.S. Securities and Exchange Commission ("SEC") on March 1, 2007.
The 10-K provided 2006 operating and financial results, as well as commentary on financial risks, uncertainties and other factors which could affect the market price of DayStar's Common Stock. These risks and uncertainties included a going concern statement by DayStar's independent registered public accounting firm emphasizing DayStar's need to raise additional capital during 2007 to complete its development, manufacturing and commercialization goals.
The 10-K, which includes complete audited financial statements and other documents filed by DayStar, can be found on file with the SEC at http://www.sec.gov/, or by contacting Elite Financial Communications Group at 407-585-1080 or dsti@efcg.net.
About DayStar Technologies, Inc.
DayStar Technologies, Inc. is an emerging leader in low cost, high efficiency Photovoltaic Foil(TM) that converts sunlight into energy. The Company manufactures CIGS solar cells, which are deposited on flexible metal foils using production processes adapted from computer component manufacturing. As an alternative to wafer-silicon solar cells, DayStar believes the unique combination of its CIGS solar cell design coupled with proprietary manufacturing processes on flexible metal substrates could substantially lower costs and remove deployment barriers currently limiting large adoption of solar energy. For more information on the Company, please visit http://www.daystartech.com/.
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, including statements concerning the Company's beliefs regarding its ability to meet its financial needs, 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-KSB 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.
FOR MEDIA RELATIONS INQUIRIES, PLEASE CONTACT
Erica Dart, DayStar Technologies, Inc.
518-383-4600 ext. 419 or via email edart@daystartech.com
FOR INVESTOR RELATIONS INFORMATION, PLEASE CONTACT
Daniel Conway, Chief Strategist, Elite Financial Communications Group
407-585-1080 or via email dsti@efcg.net
DayStar Technologies, Inc.
CONTACT: media, Erica Dart of DayStar Technologies, Inc., +1-518-383-4600 ext. 419 or edart@daystartech.com, or investors, Daniel Conway, Chief Strategist, Elite Financial Communications Group, +1-407-585-1080 or dsti@efcg.net
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