LAS VEGAS, NV--(Marketwire - Feb 8, 2013) - PacWest Equities, Inc. (PINKSHEETS: PWEI) announced today the finalization of the Company's negotiations regarding acquiring part or all of DayStar Technologies, Inc.'s Solar Technology Line of CIGS technology, in a deal some analyst's value in excess of $50 Million USD. The synergy of the acquisition would allow PacWest to expand revenue, increase margin, and vertically integrate their automated food growing systems.
The deal will include or be limited to the ownership of all of DayStar's solar assets, including its proprietary differentiated manufacturing process to produce low-cost monolithically integrated, silicon-free CIGS-on-glass modules that address the grid-tied, ground-based Solar (PV) market.
About World Eco Source Corp.
World Eco Source Corp. is a technology based company which has developed the MobileFeed® and MobileFood® systems helping offset deficient worldwide food production for both animals and humans.
The World EcoSource MobileFeed® and MobileFood® systems, provide turnkey systems for either the production of livestock based consumables or human based protein and vegetable consumables. The MobileFeed® system for animals is a truly sustainable green life cycle farming system. Using solar powered water conservation growing systems, one trailer can produce 1500 pounds daily of organically grown grass for year round livestock consumption, lowering feed costs by 200% while producing certified organic, grass fed livestock, increasing profitability of the final product.
The MobileFood® system for humans enables the rapid production of certified organic vegetables and proteins for humans through life cycle harmonic integration of fish farms and hydroponic vegetables, with one half of the system feeding/fertilizing the other half, and vice versa. Growing tilapia side by side with vegetables, and using the same water from the fish to fertilize the greens is not something new, but by combining the hydroponic know-how with World Eco Source patented technologies, the outputs have finally become commercially feasible.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.The words or phrases "would be," "would allow," "intends to" "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.