KELOWNA, BC — (Marketwire) — 03/27/13 — DayStar Technologies Inc. (NASDAQ: DSTI) (the “Company”) received notice from The Nasdaq Stock Market on March 20, 2013, that the staff is of the view that on at least two (2) occasions over the past five (5) months, the Company has violated the shareholder approval requirements set forth in Listing Rule 5635(c). The notice states that these violations form an additional concern under Listing Rule 5101 and a separate and additional basis for delisting the Company–s securities from The Nasdaq Stock Market.
The staff letter also raised “public interest” concerns regarding:
The Nasdaq Hearings Panel will consider these matters in rendering a determination regarding the Company–s continued listing on The Nasdaq Capital Market at a hearing scheduled for March 28, 2013.
There can be no assurance given that the Hearings Panel will grant the Company–s request for continued listing, and if it does not, the Company–s common stock will be moved to another exchange and delisted from The NASDAQ Capital Market.
DayStar Technologies, Inc. (NASDAQ: DSTI) 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 including ownership and construction of solar and renewable power plants. For more information, visit the DayStar website at . For corporate information, contact Mr. Dan Giesbrecht, VP Business Development, , 778-484-5159.
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For corporate information, contact
Mr. Dan Giesbrecht
VP Business Development
778-484-5159