Monday, June 01, 2009 1:16:16 PM
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Jun 01, 2009 08:30 ET Green Star/Notos JV Signs Agreement With City of Titel
SAN DIEGO, CA--(Marketwire - June 1, 2009) - Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE) ("GSAE" or the "Company") (http://www.greenstarae.com) is pleased to announce the signing of an agreement between the Green Star/Notos JV and the Municipality of Titel. The arrangement allows Green Star to explore the economic viability of the regional wind resources; and upon evaluation, the right to develop wind power and supply the area with clean electricity.
The Municipality of Titel is located in the South Backa District of the Autonomous Province of Vojvodina, Republic of Serbia. The current population is approximately 17,000 people. Titel is of significant interest to Green Star because of its geographical location. Its proximity to the famous Titelski Breg -- the location with the highest number of wind hours in the entire Balkan region -- provides for major wind power potential. Green Star will raise its wind sensor towers in the municipality during the third quarter of this year.
Director of the Energy Department - City of Titel, Stevan Gecevski, stated: "As an underdeveloped municipality, we need companies like Notos who will raise standards and open our region for further investment and development. We appreciate their efforts and will provide uncompromising cooperation to assist Green Star and Notos in achieving their goals. We will expedite the process with support and any necessary licensing."
Miodrag Andric, CEO of Green Star Alternative Energy, stated: "We wish to help areas in need, and Titel is one of them. We all agree that there is great potential for developing wind power in this region, and together we will do our utmost to make that happen."
http://www.marketwire.com/press-release/Green-Star-Alternative-Energy-Inc-997341.html
SAN DIEGO, CA--(Marketwire - June 1, 2009) - Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE) ("GSAE" or the "Company") (http://www.greenstarae.com) is pleased to announce the signing of an agreement between the Green Star/Notos JV and the Municipality of Titel. The arrangement allows Green Star to explore the economic viability of the regional wind resources; and upon evaluation, the right to develop wind power and supply the area with clean electricity.
The Municipality of Titel is located in the South Backa District of the Autonomous Province of Vojvodina, Republic of Serbia. The current population is approximately 17,000 people. Titel is of significant interest to Green Star because of its geographical location. Its proximity to the famous Titelski Breg -- the location with the highest number of wind hours in the entire Balkan region -- provides for major wind power potential. Green Star will raise its wind sensor towers in the municipality during the third quarter of this year.
Director of the Energy Department - City of Titel, Stevan Gecevski, stated: "As an underdeveloped municipality, we need companies like Notos who will raise standards and open our region for further investment and development. We appreciate their efforts and will provide uncompromising cooperation to assist Green Star and Notos in achieving their goals. We will expedite the process with support and any necessary licensing."
Miodrag Andric, CEO of Green Star Alternative Energy, stated: "We wish to help areas in need, and Titel is one of them. We all agree that there is great potential for developing wind power in this region, and together we will do our utmost to make that happen."
http://www.marketwire.com/press-release/Green-Star-Alternative-Energy-Inc-997341.html
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