Monday, March 19, 2012

Solar Stocks Update: Sunlogics Power, Subsidiary of (OTCQB:SLMU) Reports Deal with DayStar Technologies (NASDAQ:DSTI)

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.

Contact:

Mr. William Nalley
Orsay Groupe, Inc.
305-515-8077

Published on Investorideas.com newswire

Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas

Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas

Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp. Disclosure: SLMU is a paid customer on Investorideas,com , publishing press releases and company content on Investorideas.com and our syndicated blogs and global partners effective March 14 ,2012 (three months: one thousand per month and nine thousand equivalent in 144 shares)

BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

No comments: