DayStar Technologies Inc. Announces Separation of Units

Share Name	Share Symbol	Market	Type
Daystar Technologies WT A (MM)	NASDAQ:DSTIW	NASDAQ	Common Stock

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Daystar Technologies WT A (MM)

NASDAQ:DSTIW

NASDAQ

Common Stock

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DayStar Technologies Inc. Announces Separation of Units

23/03/2004 7:00pm

PR Newswire (US)

Daystar Technologies WT A (MM) (NASDAQ:DSTIW)
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DayStar Technologies Inc. Announces Separation of Units GRASS VALLEY, Calif., March 23 /PRNewswire-FirstCall/ -- DayStar Technologies Inc. today announced that the Units of its securities, previously trading under the symbol DSTIU on the NASDAQ SmallCap Market, have separated. Each Unit has separated into one share of common stock and three warrants, one Class A redeemable warrant, and two Class B non-redeemable warrants, each warrant to purchase one share of common stock. The shares of common stock, Class A warrants and Class B warrants will trade separately on the NASDAQ SmallCap Market under the symbols DSTI, DSTIW and DSTIZ, respectively, beginning today March 23, 2004. DayStar initially sold the Units as part of its recently completed public offering. The units will no longer trade. This press release shall not constitute an offer to sell any securities or the solicitation of an offer to buy nor shall there be an offer of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. About DayStar Technologies Inc. DayStar Technologies, Inc. has developed a thin-film, copper-indium- gallium-selenide solar cell, known as a CIGS solar cell, for the direct conversion of sunlight into electricity. The company is developing a high- volume manufacturing process that it believes could result in solar electricity power production at commercially viable rates. 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," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements 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-K 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. DATASOURCE: DayStar Technologies Inc. CONTACT: Kelly McCarthy of DayStar Technologies Inc., +1-530-271-5557 or Web site: http://www.daystartech.com/

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DSTIW Daystar Technologies WT A (MM)