PacWest Equities, Inc. Disclosed Today Preliminary Negotiations Regarding the Acquisition of Listed Affiliate DayStar Technol...
08 Février 2013 - 9:39PM
Marketwired
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.
Safe Harbor 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.
Contact: World EcoSource Corp. Email Contact
www.worldecosource.com
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