DayStar Technologies Amends Loan Agreement

HALFMOON, N.Y., July 31 /PRNewswire-FirstCall/ -- DayStar Technologies,Inc. (Nasdaq: DSTI), today announced that it has amended its Loan Agreementoriginally entered into on June 15, 2007. The Loan Agreement provided thatthe Company satisfy certain covenants on or before July 31, 2007. Theamendment provides that the Company can satisfy these covenants at any timeon or before September 14, 2007. Safe Harbor Statement This news release contains "forward-looking statements" that are madepursuant to the safe harbor provisions of the Private Securities LitigationReform Act of 1995. "Forward-looking statements" describe futureexpectations, plans, results, or strategies and are generally preceded bywords such as "future, " "plan" or "planned, " "will" or "should,""expected," "intended," "anticipates," or "projected." You are cautionedthat such statements, including statements relating to the Company'sability to actually negotiate acceptable definitive agreements and to closethe bridge financing and receive funds thereunder are subject to amultitude of risks and uncertainties that could cause future circumstances,events, or results to differ materially from those projected in theforward-looking statements, including risks that our products may notachieve customer acceptance or that they will not perform as expected, andother risks identified in our annual report on Form 10-KSB and otherfilings with the SEC. You should consider these factors in evaluating theforward-looking statements included herein, and not place undue reliance onsuch statements. The forward-looking statements are made as of the datehereof and DayStar Technologies, Inc. undertakes no obligation to updatesuch statements.