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GSAE-PR August 18, 2008 - 9:33 AM EDT
Green Star Alternative Energy Announces Trading With New Symbol and Strategy
Green Star Alternative Energy, Inc. (Pink Sheets:GSAE) is pleased to announce that its common stock is trading on the Pink Sheets under the symbol GSAE.
Green Star Alternative Energy’s management is evaluating projects world wide that are designed to meet the global need for clean, environmentally friendly methods of energy creation. Green Star’s strategy is demand-driven and focuses on opportunities that will allow the generation of electricity from renewable resources.
Currently, the Company is seeking to create renewable electricity from wind power. Green Star believes that this pollution-free and infinitely sustainable form of energy offers significant marketing opportunities. The Company is aware that many countries have adopted policies that promote alternative energy production: at least 66 countries – 43 developed and 23 developing countries – have some type of policy to promote renewable power generation. Last year, the areas of largest annual investment were Europe, China, and the United States. With over 71 billion dollars of new investment and an overall growth rate of 15%, the renewable energy sector has gained credence among private investors as having the potential to grow into the next big industry.
About GSAE: With rising energy prices, alternative energy sources have achieved a greater degree of economic parity with traditional energy sources. Green Star has found that in many countries the legal framework and the infrastructure for alternative energy production and distribution has greatly improved. Management believes that the alternative energy industry represents a significant economic opportunity. Greenstar is currently engaged in assessing wind energy developments in Europe, the United States, and China.
FORWARD-LOOKING STATEMENTS
This press release contains 'forward-looking statements'. These are statements concerning plans, objectives, goals, strategies, expectations, estimates, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. In some cases forward-looking statements can be identified by the use of forward-looking words such as 'believes,' 'expects,' 'may,' 'will,' 'should,' or 'anticipates,' 'estimates,' or the negative of these words or other variations of these words or comparable words, or by discussions of plans or strategy that involve risks and uncertainties. Management wishes to caution the reader that these forward-looking statements, including, but not limited to, statements regarding the Company's plans, goals the estimates and assumptions, and the business strategy of the Company and other matters that are not historical facts are only predictions. No assurances can be given that such predictions and the estimates regarding mineral reserves, success of mining plans, or other projections will prove correct or that the anticipated future results will be achieved. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, the intense competition the company faces from others, and technological changes. Any one or more of these or other risks could cause actual results to differ materially from the future results indicated, expressed, or implied in such forward-looking statements.
For further information contact: info@greenstarae.com
Green Star Alternative Energy, Inc.
Jesse De Castro, 619-497-2555
Source: Business Wire (August 18, 2008 - 9:33 AM EDT)
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