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DayStar Technologies: Proposed tender offer
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DayStar Technologies, Inc. announced that it has determined not to proceed with the proposed tender offer to the shareholders of Salamon Group, Inc. (SLMU) ("Salamon") to acquire at least 50.1% of Salamon's outstanding shares of common stock, as announced by the Company on August 14, 2012. DayStar may in the future determine to re-evaluate its determination not to proceed.
About DayStar Technologies, Inc.
DayStar Technologies, Inc. is a developer of solar photovoltaic products based upon CIGS thin film deposition technology and is currently embarked on a strategy of strategic partnerships to enter new markets within the global renewal energy industry. For more information, visit the DayStar website at http://www.daystartech.com.
About Salamon Group, Inc.
Salamon Group, Inc., through its Sunlogics Power Fund Management Inc. division, is a solar energy project company specializing in the construction management and acquisition of renewable energy power projects. Sunlogics Power also looks to acquire assets and other companies in the solar and renewable energy space that are a strategic fit. Sunlogics Power is also a project-acquiring partner of Sunlogics Plc and its Subsidiary as well as other third party project developers, http://www.sunlogicspowerfund.com.
Contact:
Dale Hoover, CFO
714-801-4701
email: [email protected]
DayStar Technologies, Inc. announced that it has determined not to proceed with the proposed tender offer to the shareholders of Salamon Group, Inc. (SLMU) ("Salamon") to acquire at least 50.1% of Salamon's outstanding shares of common stock, as announced by the Company on August 14, 2012. DayStar may in the future determine to re-evaluate its determination not to proceed.
About DayStar Technologies, Inc.
DayStar Technologies, Inc. is a developer of solar photovoltaic products based upon CIGS thin film deposition technology and is currently embarked on a strategy of strategic partnerships to enter new markets within the global renewal energy industry. For more information, visit the DayStar website at http://www.daystartech.com.
About Salamon Group, Inc.
Salamon Group, Inc., through its Sunlogics Power Fund Management Inc. division, is a solar energy project company specializing in the construction management and acquisition of renewable energy power projects. Sunlogics Power also looks to acquire assets and other companies in the solar and renewable energy space that are a strategic fit. Sunlogics Power is also a project-acquiring partner of Sunlogics Plc and its Subsidiary as well as other third party project developers, http://www.sunlogicspowerfund.com.
Contact:
Dale Hoover, CFO
714-801-4701
email: [email protected]