News
DayStar Technologies Adjourns Special Meeting of Shareholderers Until November 9, 2006
Halfmoon, NY – October 31, 2006 – DayStar Technologies, Inc. (NASDAQ: DSTI), a developer and manufacturer of innovative CIGS Photovoltaic Foil™ products, announced the adjournment of its special meeting of shareholders that took place Monday, October 30, 2006, for the Company to solicit additional shareholder proxies. The special meeting will be reconvened on November 9, 2006 at 11:00 AM Eastern Time at DayStar’s corporate offices located at 13 Corporate Drive, Halfmoon, New York.
The DayStar special meeting was adjourned because the Company did not have a quorum to hold the meeting. The adjournment shouldBased on the proxies submitted to date, DayStar has received proxies representing allow adequate time to permit a quorum of the shareholders to vote on the proposals. overwhelming support of the proposals from the shareholders who have voted. Valid proxies submitted by DayStar shareholders in connection with the October 30, 2006 meeting will continue to be valid for the purposes of the November 9, 2006 reconvened meeting.
The meeting materials, including the Notice of the Meeting and form of Proxy, were mailed to shareholders of record as of September 1, 2006, and are also available at www.sec.gov.
About DayStar Technologies, Inc.
DayStar Technologies, Inc. is an emerging leader in low cost, high efficiency Photovoltaic Foil™ 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 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
518-383-4600 ext. 419 or via email edart@daystartech.com
FOR INVESTOR RELATIONS INFORMATION, PLEASE CONTACT
Dodi Handy, Elite Financial Communications Group
407-585-1080 or via email dsti@efcg.net