DayStar Technologies Issues Formal Statement Regarding Class A Public Warrants HALFMOON, N.Y., March 9 /PRNewswire-FirstCall/ -- In response to numerous stockholder inquiries, DayStar Technologies, Inc. (Nasdaq: DSTI; DSTIW), a developer and manufacturer of high performance, silicon-free solar cells on specialty metal foils, today issued a formal statement confirming that until such time as a registration statement registering the underlying shares has been filed and declared effective by the U.S. Securities and Exchange Commission, the Company does not intend to exercise its right to redeem its Class A Public Warrants, issued to holders in conjunction with the Company's Initial Public Offering (completed February 2004). Class A Public Warrant holders have the right to exercise their warrants at any time at their own election pursuant to the terms of the warrant. However, until such time as the underlying shares have been registered, the Company may not issue freely tradable shares of common stock pursuant to such exercises. DayStar is currently preparing a registration statement to permit its Class A Warrant holders to exercise their warrants to purchase Common Stock of the Company and plans to file the registration statement with the SEC in the near future. 2,353,330 Class A Public Warrants were issued in conjunction with the IPO and a subsequent financing. As of August 5, 2004, the warrants became eligible for redemption by the Company at $.025 per warrant if the last reported sale price of DayStar's Common Stock equals or exceeds $8.50 for five consecutive trading days ending prior to the date of the notice of redemption. DayStar is required to provide 30 days prior written notice to the Class A Public Warrant holders of its intention to redeem the warrants, which expire on February 11, 2009. 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. CONTACT: Stephanie Noiseux of Elite Financial Communications Group, 407-585-1080 or . DATASOURCE: DayStar Technologies, Inc. CONTACT: Stephanie Noiseux of Elite Financial Communications Group, +1-407-585-1080 or , for DayStar Web site: http://www.daystartech.com/

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