Replies to post #86 on Gold Hill Resources Inc. (fka GULD)

[Rhubarb]

GSAE PR-Sept.22 2008
September 22, 2008 - 4:25 PM EDT

Green Star Alternative Energy Files Audited Financial Statements
Green Star Alternative Energy, Inc. (Pink Sheets:GSAE), a renewable energy company focussed on creating electricity from the power of wind, is pleased to announce that the Company has filed its audited financial statements for the period from December, 2006 to June, 2008.

With the recent status of fully reporting Pink, Green Star has shown to regulators and shareholders a high level of transparency. This new filing is not a requirement from Pink Sheets – Green Star has taken it upon itself to surpass the necessary obligations and provide its shareholders, and the investment community, more comprehensive information. Details regarding the audited financial statements, legal opinions, corporate articles, 15c211 filing, and other important data are available for viewing at pinksheets.com. This is a significant step in the process of becoming a fully reporting issuer on the OTCBB. The Company is moving towards the fulfillment of the requirements for obtaining quotation on the OTC Bulletin Board.

J.M. De Castro, CFO of Green Star Alternative Energy stated “Green Star is exceeding all of the current requirements for a Pink Sheet listing. The logical progression will be towards obtaining a listing on the OTCBB. This will provide more recognition for the company in the investment community and ultimately enhance shareholder value.”

About Green Star Alternative Energy (GSAE.PK)

Green Star Alternative Energy, Inc. is engaged in developing clean energy from the power of wind. To drive growth and revenue Green Star is focused on the development of wind energy, the import and 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. With the pending acquisition of key wind farm and power trading company Notos, Green Star will become one of a select few companies licensed to trade electrical power into and out of Serbia, the only company in Serbia able to generate and export its own wind energy, and the nation’s first developer of wind power.

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.


Green Star Alternative Energy, Inc.
Jesse De Castro, CFO, 1-866-955-GSAE (4723)
[e-mail]



Source: Business Wire (September 22, 2008 - 4:25 PM EDT)

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