SAN DIEGO--(BUSINESS WIRE)--Green Star Alternative Energy, Inc. (Pink Sheets:
GSAE -
News) is taking a
leadership position in promoting renewable energy to combat climate
change and meet rising energy demand. Green Star is acquiring Notos
d.o.o. to become the Republic of Serbia
’s
first wind power developer. Notos was invited by the Slovenian Ministry
of Energy to represent Serbia
’s alternative
energy sector at the Bled Strategic Forum on
“Energy
and Climate Change: Si.nergy for the Future
”
held in Slovenia on August 31st and September 1st. At this key
international summit the Green Star and Notos team participated in
strategic discussions with high level government representatives, EU
officials, private sector leaders, energy industry experts on the
challenges of energy security and climate change.
The third annual Bled Strategic Forum addressed soaring oil and gas
prices, public concern over growing dependence on imports of energy
resources, and the mounting evidence of global warming. The summit was
attended by approximately 400 participants from more than 50 countries.
Its objective was to bring together world leaders to develop and commit
to solutions and stimulate public-private sector cooperation.
The Green Star and Notos team had strategic meetings with key officials
including the Prime Ministers of Slovenia, Latvia and the Czech
Republic, Minister of Environmental Protection for the Republic of
Serbia, Minister of Economy for Slovenia, Deputy State Secretary of
Denmark’s Ministry of Climate and Energy and
the Minister in Shadow for Energy, Industry and Postal affairs of the
United Kingdom of Great Britain and Northern Ireland. The team also met
with high level representatives from Mitsubishi Heavy Industries,
Columbia University, the Business Advisory Council for South Eastern
Europe and the World Renewable Council.
Miodrag Andric, President of Notos, commented: “At
this important forum leaders from government, energy and science came
together to forge solutions to the challenges of energy security and
climate change. Increased use of domestic renewable resources to
decrease reliance on foreign imports and reduce emissions was a key
element of the discussions. As Serbia’s first
developer of wind power we were honored to be able to offer our insight
and expertise.”
J. M. De Castro, CFO of Green Star Alternative Energy, stated: “Increased
use of renewable resources is critical to a sustainable energy future
for Europe and the world. Green Star Alternative Energy is committed to
developing more than 300 megawatts of clean, homegrown wind power.”
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 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.
Green Star is also pleased to announce the hiring of Market Trend News
Inc. Market Trend has been engaged for a three month period to assist
Green Star with investor relations and investor communications.
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.
For further information contact: info@greenstarae.com
