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Green Star Signs Agreement With City of Belgrade
Date : 04/21/2009 @ 8:45AM
Source : MarketWire
Stock : Green Star Alternative Energy, Inc. (GSAE)
Quote : 2.7 0.0 (0.00%) @ 8:55AM


Green Star Signs Agreement With City of Belgrade





SAN DIEGO, CA -- (Marketwire) -- 04/21/09 -- Green Star Alternative Energy, Inc.

(PINKSHEETS: GSAE) (http://www.greenstarae.com) is pleased to announce the signing of an agreement between the Green Star/Notos JV and the Territory of Belgrade. The arrangement places Green Star in the forefront of Belgrade's plan to develop alternative energy sources. The first phase will include the positioning of Green Star's sophisticated meteorological sensors at strategic locations throughout the municipality. The collection of air flow data will provide the necessary information for the engineering of the wind turbines that will ultimately occupy these sites.




Belgrade, the White City, has a population of approximately two million people and is the capital of the Republic of Serbia. It is situated at the confluence of the Danube and Sava rivers and is the commercial, industrial, political, and cultural center of Serbia. The Director of the Energy Department - City of Belgrade, Marko Stojanovic stated: "We are pleased to partner with Notos in changing the way that Belgrade citizens think about energy. Also, we want to be the 'leader' in energy efficiency and as the capital city, we should be an example to all in Serbia. We will be helping Notos in obtaining all necessary licenses and make the procedure much easier."




Miodrag Andric, President of Notos, commented: "I am pleased with our discussions with Belgrade officials and look forward to the realization of alternative energy in the municipality. We have agreed that we must act swiftly to show the citizens of Belgrade what can be achieved. Notos is privileged to be the chosen company for such important projects."



J. M. De Castro, CFO of Green Star Alternative Energy, stated: "We have been formally recognized as the Company to bring wind power to the region. This cooperation with the public sector furthers the paradigm of changing the way electricity is produced. Our shareholders will be pleased to note that appreciation for Green Star is rapidly increasing."



GSAE would like to inform the public that J.M. De Castro, CEO, will be available for a live interview at http://www.investmentnation.com on Wednesday, April 29th, 2009 at 6 pm EDT to discuss the company's plans moving forward. Investors who wish to attend the interview are encouraged to view the GSAE message board, within the Investment Nation Website, by visiting the following link http://www.investmentnation.com/viewboard.php?id=357&sb=Y&sc=Y



Investors are also encouraged to post questions that they may have, to the GSAE Investment Nation message board, for addition into the interview format prior to the scheduled interview. You will also be given the opportunity to ask questions after the bulk of the pre-submitted questions have been addressed.




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About Green Star Alternative Energy (GSAE.PK)



Green Star Alternative Energy, Inc. is working to develop more than 300 megawatts of clean wind energy. To drive growth and revenue Green Star is focused on the development of wind energy, the export of electricity, the cultivation of agriculture on its wind farms, and the supply of greenhouse gas emission credits. The company is pursuing a significant opportunity to provide clean power to the growing Republic of Serbia and neighbouring European countries. Through a joint venture with key wind farm and power trading company Notos, Green Star will become the nation's first developer of wind power. For further information contact: 866-955-GSAE (4723); [e-mail]



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.


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