Solar Stocks Update: Sunlogics Power, Subsidiary of (OTCQB:SLMU) Reports Deal with DayStar Technolog
LAS VEGAS, NV - March 19, 2012 (Investorideas.com renewable energy newswire) SALAMON GROUP, INC. (OTCQB:SLMU) reports that Sunlogics Power, its wholly owned subsidiary, has become the senior creditor of DayStar Technologies, Inc. (NASDAQ:DSTI), a solar energy company that has developed thin film CIG
LAS VEGAS, NV - March 19, 2012 (Investorideas.com renewable energy newswire) SALAMON GROUP, INC. (OTCQB:SLMU) reports that Sunlogics Power, its wholly owned subsidiary, has become the senior creditor of DayStar Technologies, Inc. (NASDAQ:DSTI), a solar energy company that has developed thin film CIGS deposition technology.
Michael Matvieshen, CEO, Salamon Group, Inc., states, "We are very excited by Daystar's technology which is a good fit for highly efficient solar module manufacturing. Our management is pleased to be working with DayStar to co-develop business opportunities. This initial investment positions us as a significant DayStar shareholder upon conversion. DayStar is listed on NASDAQ under symbol DSTI and this will facilitate future business opportunities for the companies and fits well into our overall plan."
Sunlogics Power has also been retained as a consultant to DayStar, on day-to-day business development and strategic opportunities.
About DayStar Technologies, Inc. (DSTI)
DayStar Technologies, Inc. is an industry leader in CIGS thin film deposition technology and is presently engaged in the development of solar photovoltaic products based on its technology. For more information, visit the DayStar website at http://www.daystartech.com/.
About Salamon Group
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/
For further information about this release contact - Orsay Groupe, Inc., William J Nalley, 305-515-8077, to receive updates send your email and details to Orsay Groupe, Inc. Nos Falamos Portugues.
SLMU cautions that statements made in press releases constitute forward-looking statements, and makes no guarantees of future performances and actual results/developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time statements are made.
Mr. William Nalley
Orsay Groupe, Inc.
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