SAN DIEGO--(BUSINESS WIRE)--Green Star Alternative Energy, Inc. (Pink Sheets:
GSAE -
News), a renewable
energy company focused on creating electricity from the power of wind,
is pleased to announce that Notos d.o.o. has engaged the services of a
new Advisory Board Member. Green Star is acquiring alternative energy
development and power trading company Notos to become Serbia
’s
first wind power developer.
Mr. Miodrag Nesic was born in Zivica, Municipality of Pozarevac,
Republic of Serbia. Mr. Nesic received his B.A.Sc. degree in Mechanical
Engineering from the University of Belgrade. He began his career working
on and perfecting mechanical finishing through computer numerical
control and progressed to mechanical and industrial design. He has a
25-year background within the mechanical industry and has extensive
knowledge in mechanical design. His duties will include guiding Notos in
the design of its wind energy facilities.
Mr. Nesic currently holds five approved and three certified patents for
various mechanical applications that he has created. One of Mr. Nesic’s
latest patents is relevant to the wind turbine industry. His invention
provides for greater turbine efficiency and will also reduce turbine
production costs. Notos has entered into negotiations with Mr. Nesic
with the intention of licensing this technology.
Miodrag Andric, President of Notos, commented: “We
are fortunate to have Mr. Nesic join us at Notos. His knowledge, talent,
and creativity make him a most valuable asset. His latest patented
design will initiate new, exciting, and important possibilities for
Notos.”
J. M. De Castro, CFO of Green Star Alternative Energy, stated: “The
Company’s potential is increasing at a
significant rate. We are delighted with the appointment of Mr. Nesic and
look forward to benefiting from his experience and abilities.”
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 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 neighboring 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.
