SAN DIEGO--(BUSINESS WIRE)--Green Star Alternative Energy, Inc. (Pink Sheets:
GSAE -
News), 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.
