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DayStar Technologies, Inc. (DSTI) Acquires $15 Million of Salamon Group Inc.'s (SLMU) Debt

Published on Friday, 13 July 2012 17:39
Written by Super User
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LAS VEGAS, NV -- (Marketwire) -- 07/10/12

Salamon Group, Inc. (OTCQB: SLMU) (PINKSHEETS: SLMU) announced the sale of $15,000,000 of debt to DayStar Technologies, Inc. (NASDAQ: DSTI).

The debt owed to Michael Matveishen, CEO of Salamon Group, and his assignees, was acquired by DayStar Technologies, Inc. Terms of the debt will not change and are based on the original terms and conditions committed to by Mr. Matveishen and Salamon Group, Inc. Under the terms of the purchase Mr. Matveishen will receive debt in DSTI.

Mr. Matveishen stated: "The logic of the debt purchase reflects the ongoing and similar business interests of both DSTI and SLMU. This development, I believe will serve the best interests of shareholders in both companies."

For further information about this release contact William Nalley, The Orsay Groupe, Inc., #305-515-8077 and/or email: This email address is being protected from spambots. You need JavaScript enabled to view it. .

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.

About DayStar Technologies, Inc. (DSTI)
DayStar Technologies, Inc. is a leader in CIGS thin film deposition technology for the development of solar photovoltaic products based on its technology. Information, visit the DayStar website, http://www.daystartech.com.

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.

Contact:

Orsay Groupe
William J. Nalley
305-515-8077 
Email Contact
www.orsaygroupe.com