SOURCE: Salamon Group, Inc.

July 27, 2012 13:28 ET

Salamon Group, Inc. (SLMU) Announces Shareholder Response to DayStar Technologies Inc.'s (DSTI) Tender Offer

LAS VEGAS, NV--(Marketwire - Jul 27, 2012) - Salamon Group, Inc. (OTCQB: SLMU) (PINKSHEETS: SLMU) announces insiders', officers' and common stock shareholders' responses to a tender offer for Salamon Group, Inc. by DayStar Technologies, Inc. (NASDAQ: DSTI), a NASDAQ listed company, which exceeds the minimum requirements of 50.1%. To-date, 65% of all free trading and public shareholders have indicated they will tender their stock for DayStar shares on a 6 for 1 basis.

This immediate unsolicited response and affirmation of the transaction from Salamon shareholders has led to the unanimous agreement of Salamon directors and officers to support the offer made to Salamon stakeholders.

Subject to DayStar acknowledging the acceptance of tenders and DayStar formalizing its approval process for the transaction, instructions will be issued for the transaction to stakeholders.

For further information about this release contact William Nalley, The Orsay Groupe, Inc., #305-515-8077 and/or email: info@orsaygroupe.com.

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 and a JV partner of Sunlogics Power Fund. For 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 Information

  • Contact:
    William Nalley
    The Orsay Groupe, Inc.
    305-515-8077
    Email Contact