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Green Star Negotiating With Gamesa
Date : 05/05/2009 @ 8:30AM
Source : MarketWire
Stock : Green Star Alternative Energy, Inc. (GSAE)
Quote : 3.35 0.0 (0.00%) @ 8:05AM

Green Star Negotiating With Gamesa



SAN DIEGO, CA -- (Marketwire) -- 05/05/09 -- Green Star Alternative Energy, Inc.

(PINKSHEETS: GSAE) ("GSAE" or the "Company") (http://www.greenstarae.com) is pleased to announce discussions with Gamesa -- one of the world's preeminent wind turbine manufacturers. The Green Star/Notos JV is negotiating with Gamesa on cooperation for the development of prospective wind power facilities.

Gamesa is one of the main wind turbine manufacturers worldwide and a leader in design and development.

The company has installed more than 16,000 MW of its main product line in 20 countries spread out over 4 continents. However, manufacturing is only a part of its corporate mandate -- the Gamesa Business Unit has the mission of developing and building wind farms. This vertically integrated organization provides Green Star with a significant collaborative effort to advance the Company's expansion plans.


Mike Andric, CEO of Green Star, commented, "Gamesa is a respected company in the field of wind energy. Their experience and know-how are valuable assets for our wind energy developments."


About Green Star Alternative Energy (PINKSHEETS: GSAE)


Green Star Alternative Energy is an environmentally conscious, renewable energy company working to develop more than 300 MW (megawatts) of clean electricity through wind energy. The corporate revenue model is two-fold: the use of a renewable resource allows not only for the creation of environmentally friendly energy, but the granting of carbon (greenhouse gas) emission credits which may be traded and sold. Green Star is pursuing a significant opportunity to provide clean energy to the growing Republic of Serbia and neighboring 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. GSAE is focused on green technology and sustainable energy programs like wind turbines, hydro electric power generation, and other renewable electricity models.




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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Green Star Alternative Energy

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