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Green Star Alternative Energy, Inc.: Biden Visits Belgrade and Demonstrates Renewed Interest in Republic of Serbia, Announces G

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  Published in Stocks and Investing on Wednesday, May 27th 2009 at 5:44 GMT, Last Modified on 2009-05-27 05:45:16 by Market Wire
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SAN DIEGO, CA--(Marketwire - May 27, 2009) - Green Star Alternative Energy, Inc. (PINKSHEETS: [ GSAE ]) ("[ GSAE ]" or the "Company") announces Vice President Joe Biden offered Serbia "a strong, new relationship" with the U.S., along with help in its European Union membership bid. Biden is the most senior U.S. official to visit Belgrade in almost three decades.

"I came to Serbia on behalf of the Obama-Biden administration with a clear message: the United States wants to, likes to, deepen its relations with Serbia," Biden said. "Serbia is central to the southeast European future," he said. "The region cannot fully succeed without Serbia playing a constructively leading role."

Mike Andric, CEO of Green Star Alternative Energy, stated: "Green Star is strategically positioned in the Serbian energy industry and will benefit from the ushering in of a new era with Serbia's admission into the European Union. This top level visit shows the importance of this nation and the opportunities that it provides."

GSAE also announces that Del Mar Corporate Communications, LLC will no longer represent Green Star in an investor relations capacity.

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.