News

DayStar Technologies Amends Loan Agreement

HALFMOON, N.Y., July 31 -- DayStar Technologies, Inc. , today announced that it has amended its Loan Agreement originally entered into on June 15, 2007. The Loan Agreement provided that the Company satisfy certain covenants on or before July 31, 2007. The amendment provides that the Company can satisfy these covenants at any time on or before September 14, 2007.

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," "intended," "anticipates," or "projected." You are cautioned that such statements, including statements relating to the Company's ability to actually negotiate acceptable definitive agreements and to close the bridge financing and receive funds thereunder 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.