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Green Star Alternative Energy, Inc.: Green Star Notified of Analyst Coverage Which Reports Price Target of $8 per Share

^{Published on 2009-05-19 05:56:36, Last Modified on 2009-05-19 05:57:37 - Market Wire}
 

SAN DIEGO, CA--(Marketwire - May 19, 2009) - Green Star Alternative Energy, Inc. (PINKSHEETS: [ GSAE ]) ("GSAE" or the "Company") ([ http://www.greenstarae.com ]) is pleased to announce that [ Ludlow Energy Ventures, Inc ]. has published an independent third party research report on Green Star. The research opinion evaluates GSAE with a Capital Rating of 'A-' and a Target Price of $8 per share. The report may be viewed at [ http://www.ludlowenergy.com/reports/gsae.html ].

About Ludlow Energy Ventures, Inc.

Based in New York City, Ludlow Energy Ventures is a venture capital and research advisory firm with a specific focus on the renewable and alternative energy markets. Ludlow Energy Ventures owns and operates the Ludlow Energy Indices, which tracks a wide basket of US traded large and small cap alternative energy stocks.

About Green Star Alternative Energy (PINKSHEETS: [ GSAE ])

Green Star Alternative Energy is an environmentally conscious, [ renewable energy ] company working to develop more than 300 MW (megawatts) of clean electricity through [ wind energy ]. The corporate revenue model is two-fold: the use of a renewable resource allows not only for the creation of environmentally friendly energy, but the granting of [ carbon (greenhouse gas) emission credits ] which may be traded and sold. Green Star is pursuing a significant opportunity to provide clean energy to the growing Republic of Serbia and neighbouring European countries. Through a joint venture with key [ wind farm ] and power trading company Notos, Green Star will become the nation's first developer of wind power. GSAE is focused on green technology and sustainable energy programs like wind turbines, hydro electric power generation, and other renewable electricity models.

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.