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Green Star Alternative Energy (GSAE)
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Tuesday, August 4, 2009 – After Market Close Green Baron New “Stock Pick” Green Star Alternative Energy (OTCPK: GSAE - .45 per share)
Common Shares Outstanding / 26,250,000 Current Market Cap / $11.81 million Year High / $5.10 per share Year Low / $.40 per share Average Price / $1.34 (50-day) $1.76 (200-day) Average Volume / 24,400 (50-day) 12,200 (200-day)
Green Star Moves Forward with 20 MW Wind Energy Project to Under Supplied Market; Amended Form 10 Filed with SEC for Fully Reporting Status Six weeks ago Beacon Equity issued a “Speculative BUY” Report with a $5.10 target when GSAE was trading at $1.85 … NOW (at just .45/share); The Green Baron Report views Green Star as the next SHOOTING STAR One of the most important facets to making money in the stock market is timing. For example, if you bought Bank of America (NYSE: BAC) one year ago at $33 per share, you would be down over 50% on your investment. However, if you bought the same BAC shares about six months ago at $3 per share, you would be up nearly 400% on your money right now and consider yourself a genius. Timing means just about everything to an investor, and timing is what we at The Green Baron Report pride ourselves on. Four months ago, we could have suggested our members to buy our new “Stock Pick” GSAE at $4 per share, but we didn’t. Today, we believe the timing is perfect for GSAE at a mere fraction of the recent price!!! The Green Baron Report is proud to announce that Green Star Alternative Energy, Inc. (OTCPK: GSAE) is officially our 76th fully profiled stock and will be added to our storied list of previously profiled stocks on our home page. Results compiled from the most recent trade possible prior to dissemination of this report to the subsequent high will be monitored at www.thegreenbaron.com. Although we have very aggressive short and long term expectations for this stock, we still suggest our members try to accumulate as close to the profile price as possible. TRADING NOTES: GSAE filed an amended Form 10 with the Securities and Exchange Commission (SEC) that was announced on July 9, 2009 to obtain a listing on NASDAQ’s OTC Bulletin Board. GSAE now trades near its year low after hitting about $2.80 per share in June. Volume is steady and improving with typically tight spreads. The stock price is prone to significant price swings and reacts to news. Our opinion is that GSAE is way overdue for a bounce higher technically, and would be prone to huge moves higher should any positive news come by way of press releases and acceptance to the OTCBB. Analyst Report: We further note that on June 18, 2009 when GSAE had just closed at $1.85 per share, Green Star Alternative Energy (GSAE) received an updated Speculative Buy rating with a price target of $5.70 by Beacon Analyst, Victor Sula, PhD. due to notable developments. In essence, GSAE could triple from the current price and would still be less than the price when the Beacon report was issued. This report can be viewed at http://issuu.com/beaconequity/docs/gsae2. Green Star is in the business of creating renewable electricity from the power of wind. This is a pollution-free and infinitely sustainable form of energy. It does not use fuel; it does not produce greenhouse gasses; and it does not create toxic or radioactive waste. Policies to promote renewables have mushroomed in recent years. At least 66 countries – 43 developed and 23 developing countries – have some type of policy to promote renewable power generation. In 2008, the areas of largest annual investment were the United States, China, and Europe. With over 47 billion dollars of new investment and an overall growth rate of 36%, the wind energy sector is gaining credence among private investors as becoming the next big industry. Green Star has worked diligently in evaluating wind energy projects in all parts of the world and is pursuing projects in Europe, the United States, and China. The corporate mandate to have an installed capacity well in excess of 300 MW within the next five years provides for significant increases in shareholder value. The Company’s first region designated for construction is South Eastern Europe in the Republic of Serbia. The Company’s pro forma for its development in Serbia is impressive. These projections do not include the development plan for other areas in the United States and China. Revenues for year 2010 through 2013 projected in $10.8, $38.3, $86.9 and $156 million respectively with net of $3.6, $17.2, $54 and $100 million. Revenues are derived from the sale of electricity and the sale of GHG emission credits. Green Star – Notos Opportunity Green Star has a Joint Venture with Notos d.o.o., a private Serbian company dedicated to renewable energy. This partnership enables Green Star Alternative Energy to establish a leadership role in the development and supply of wind power in Serbia and the Balkan Peninsula. This alliance is an ideal step towards fulfilling Green Star’s corporate strategy of bringing online more than 300 MW of wind power over the next five years. It will provide the company with a strong energy development presence in Europe that will lead to rapid expansion in the region. The agreement presents Green Star with control of the business enterprise through a 51% ownership of the joint venture. There are three divisions within the Notos framework - Notos Wind Energy, Notos Agri, and Notos Power Trading. This precise system of asset integration affords superior efficiency and greater profitability. Notos Wind Energy specializes in the creation of electricity from wind energy. With projects currently being scheduled for development, Notos is considered an important participant in the alternative energy sector. The concentrated experience of Notos’ management team and advisory board has allowed Notos significant penetration into a growing and profitable industry. Notos Agri is the agricultural department for Notos. It utilizes the real estate assets, which house the wind turbines, for the farming of various products from corn, wheat, raspberries, and cattle. Notos Power Trading is the energy trading division for Notos. It is one of only a few licensed companies permitted to trade electrical power into and out of the Republic of Serbia, and the only entity which will have its own electricity (through Green Star) available for trade. About Green Star Alternative Energy, Inc. Green Star Alternative Energy (GSAE) 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 neighboring 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. Green Star Alternative Energy is an integrated business management group made up of representatives from the energy sector and finance. Its knowledge of wind power from air flow analysis through turbine engineering to electrical production provides GSAE with a tangible competitive advantage in this emerging market. Based on immediate and projected market opportunities for the production of wind power, the contribution made by developing wind resources would significantly improve the global need for an environmentally friendly, renewable energy source. GSAE’s primary offices are located in San Diego, USA; however, additional associations have been established with European electrical production consortiums in order to further GSAE’s cadre of wind energy expertise. As the global appetite for energy increases, GSAE expects to leverage its associations to expand its participation in wind power generation. Current analytical models suggest that the global demand for electricity will quickly eclipse current production capabilities. Development of wind resources is expected to go a long way in satisfying the under-served demand. The world’s current method of supplying the majority of our energy needs is with fossil fuels. This has negatively impacted our global ecosystem and can be evaluated not only by global warming, but also by high levels of air and water pollution. Energy markets are finally changing in response to the crisis that is now present. Record oil prices, finite fossil fuel supplies, increasing energy requirements, and climate change have fuelled rapid growth in the renewable energy sector. Global wind energy capacity grew by 28.8% last year, higher than the average over the past decade, and represents a global market worth over 47.5 billion dollars. Clean energy represents "the biggest set of new market opportunities to come along in a long time … It's something you have to be a part of." (Wall Street Journal, “Betting on Green”, February 11, 2008). Current invested capital is being used to evaluate potential wind farm locations and fund the construction of a 20 MW wind power facility in the Republic of Serbia. Additional support will be needed to develop the planned larger scale power plants to a total of 300 MW by 2013. Governmental support for the development of wind energy is high and GSAE will work closely with administrative representatives to secure tax incentives, legislative support for the expansion of wind power production, and support for the effective marshalling of wind resources critical for the expansion of electrical production. Wind Power Facts
STRATEGIC RESPONSE Green Star Alternative Energy (GSAE) has spent a great deal of time and effort studying worldwide wind energy use and production. Our analyses have convinced us that this is the time to encourage greater development of wind power in the United States, China, and Europe. More specifically, our analyses suggest that the Republic of Serbia, with its extensive wind resources and greatly under-utilized workforce, is an excellent launch for GSAE’s wind farm development strategy. Republic of Serbia The Republic of Serbia is a democratic state comprised of Serbia Proper and the two autonomous provinces of Vojvodina and Kosovo-Metohija. Its population (excluding Kosovo) is 7.5 million. It is located in the central part of the Balkan Peninsula, on the most important route linking Europe and Asia, occupying an area of 88,361 square kilometres. Serbia is referred to as the cross-roads of Europe. The international roads and railways passing down its river valleys make up the shortest link between Western and Central Europe, on the one side, and the Middle East, Asia and Africa, on the other. Serbia is in the West European time zone (one hour ahead of Greenwich Time). Its climate is temperate continental, with a gradual transition between the four seasons of the year. The length of Serbia's border is 2114 km. To the East, Serbia borders with Bulgaria, to the North East with Romania, to the North with Hungary, to the West with Croatia and Bosnia and Herzegovina, and to the South with Albania and Macedonia. According to the Serbian Ministry of Mining and Energy, Serbia’s endowment of renewable energy resources is substantial but the realization of its clean energy potential is in its infancy. In 2007 Serbia produced 8.796 Mtoe (million tons of oil equivalent) and imported 6.139 Mtoe. Renewables made up only 5.6% of the country’s primary energy supply. All of the renewable energy (9,928 GWh) was produced by hydro power plants. (Republic of Serbia – Ministry of Mining and Energy, “Renewable Energy Sources”, May 2008). There are great regional differences in the availability of wind energy in Serbia and significant differences are present even at small distances. The availability of wind energy in Serbia is greater in lower areas than in higher ones. The Northern part of Serbia is characterized by a strong local southeast wind – kosava. Belo Blato – Project The Belo Blato Wind Energy Project will be a milestone for the Republic of Serbia. It will be the first wind farm development in the region and will progress the national initiative for increased energy creation from renewable resources. The site is located in the Municipality of Zrenjanin, Autonomous Province of Vojvodina. This location is nestled between the banks of the Tisa River and the Begej delta, where the surrounding fields experience the most constant winds in the area. It will produce 20 MW of electricity and contribute energy to an under supplied Serbian market. Belo Blato will be a representation of the potential that exists in renewable energy. It will contribute to regional development through job creation and increased infrastructure. This undertaking begins the initial phase of energy development and will increase rapidly into other areas being considered for expansion.
Recent Key Press Releases July 27, 2009 – Green Star Engages Clayton, Dunning Global Partners LLC for Capital Raise - SAN DIEGO--(BUSINESS WIRE)-- Green Star Alternative Energy, Inc. (Pink Sheets: GSAE; "GSAE" or the "Company") (Frankfurt: GAT) (http://www.greenstarae.com) is pleased to announce the signing of an agreement with Clayton, Dunning Global Partners LLC, a global corporate financial advisor that provides financial advisory services to publicly-traded companies to assist them to build their shareholder value by: enhancing investor awareness and market following in international markets; initiating and maintaining listings on international stock exchanges; establishing international investment banking relationships; introducing private capital and direct investment financing of projects; achieving research coverage of their stock in international markets. Pursuant to the agreement, Clayton, Dunning will be compensated with fixed success-based fees. Clayton, Dunning intends to focus on developing investor relations, research coverage, investment banking and institutional private investment for the Company, and direct investment to finance the Company's wind power projects in the Republic of Serbia. The President of Clayton, Dunning Global Partners LLC is Robert Clayton Lau. Mr. Lau has been involved full-time in the investment banking industry for over forty years; including, retail and institutional brokerage, investment management, investment banking and investment research. A graduate of Yale University and having graduate level training in Economics, Mr. Lau has served in top management positions of major New York Stock Exchange Member firms. He has been CEO of his own FINRA member firms which structured and marketed publicly-registered offerings and private placements of securities. Mr. Lau has been engaged as an expert in securities litigation and arbitration both by securities firms and the U.S. Securities and Exchange Commission, and was certified as a Mediator by the Florida Supreme Court. Mike Andric, CEO of Green Star Alternative Energy, stated: "The Company is progressing in its corporate strategy by undertaking financings for the development of our wind farm projects. The initial capital will create a significant asset and revenue base which will facilitate further growth and expansion - to a minimum of 300 MW of installed power capacity in 2013." July 22, 2009 – Green Star Moves Forward with 20 MW Belo Blato Project - Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) announces a requested examination on grid connection solutions for the 20 MW Belo Blato Project. The Belo Blato Wind Energy Project will be a milestone for the Republic of Serbia. It will be the first wind farm development in the region and will progress the national initiative for increased energy creation from renewable resources. This project begins the initial phase of energy development and will increase rapidly into other areas being considered for expansion. The Green Star/Notos Joint Venture has requested the grid connection examination be performed by EMS (Elektromreza Srbije - Serbian Transmission System and Market Operator). Once the network analysis is complete, the next step will be for EMS to provide the Company with detailed technical requirements and cost estimates for connectivity. Mike Andric, CEO of Green Star Alternative Energy, stated: "The Company expects a response from EMS within 60 days and will begin implementation of the requirements immediately thereafter." "We are very pleased with the progression of the Belo Blato Project and have high expectations for its contribution to our company. Not only will it deliver energy to an under supplied Serbian market, but it will also provide renewable, made-in-Serbia electricity for generations to come. Policies to promote renewables have mushroomed in recent years. At least 66 countries - 43 developed and 23 developing countries - have some type of policy to promote renewable power generation. With over $71 billion of new investment and an overall growth rate of 15%, the renewable energy sector is gaining credence among private investors as having the potential to grow into the next big industry. We want to make sure that Green Star Alternative Energy is a player in that sector." July 16, 2009 – Green Star/Notos JV Signs Non-Disclosure Agreements with Gamesa and Elektrawinds - Green Star Alternative Energy, Inc. is pleased to announce the signing of non-disclosure agreements between the Green Star/Notos JV and Gamesa Eolica S.L.; as well as between the Green Star/Notos JV and Elektrawinds. The non-disclosure agreements reflect the Company's efforts to complete discussions with both Gamesa and with Elektrawinds. Gamesa is one of the main wind turbine manufacturers worldwide and is a leader in the design and development of these turbines. Gamesa has installed more than 16,000 MW of its main product line in 20 countries spread out over four continents. However, manufacturing is only a part of its corporate mandate - the Gamesa Business Unit has the mission of developing and building wind farms. Elektrawinds is currently the largest private company in the Belgian renewable energy market and was established in 1998. Elektrawinds produces, sells and distributes green power generated from inexhaustible clean energy resources such as wind, sun and organic matter. Mike Andric, CEO of Green Star Alternative Energy, stated: "The non-disclosure agreements do not permit Green Star to discuss our current involvements with these companies; we will keep our shareholders and the investment community apprised of developments as the agreements allow." July 13, 2009 – Green Star/Notos JV Signs Agreement with Municipality of Viliko Gradiste - Green Star Alternative Energy, Inc. is pleased to announce the signing of an agreement between the Green Star/Notos JV and the Municipality of Veliko Gradiste. The arrangement allows Green Starto explore the economic viability of the regional wind resources; and upon evaluation, the right to develop wind power and supply the area with green electricity. The Municipality of Veliko Gradiste is located in north-east Serbia approximately 100 km east of the capital, Belgrade. Its territory encompasses 344 square km on the right bank of the Danube River and left bank of the Pek River. The initial micro location for placement of the Company's wind sensors has been identified in the settlement of Ram, and the Municipality has allotted 200 hectares of land towards this endeavour. Miodrag Andric, CEO of Green Star Alternative Energy, stated: "The Company will continue to increase its portfolio of wind resources as we execute our strategic plan and secure more development locations." July 9, 2009 – Green Star Files with SEC for Fully Reporting Status - Green Star Alternative Energy, Inc. is pleased to announce that the Company has filed an amended Form 10 with the U.S. Securities and Exchange Commission (SEC) to become a fully reporting entity. This status will permit GSAE to obtain a listing on NASDAQ's OTC Bulletin Board - a regulated quotation service that displays real-time quotes, last-sale prices, and market depth and volume information for over-the-counter securities. Mike Andric, CEO of Green Star Alternative Energy, stated, "Green Star's exposure will broaden with an imminent listing on a larger stock exchange, and the Company will apprise its shareholders and the investment community as growth events unfold." July 7, 2009 – Green Star’s Belo Blato Sensor Shows Better than Expected Wind Speeds - Green Star Alternative Energy, Inc. is pleased to announce that initial wind velocity information, from the Company's Belo Blato wind farm site, provides data that is superior to prior figures. Further analysis over the third quarter will further refine the wind energy potential. Mike Andric, CEO of Green Star Alternative Energy, stated, "Green Star's engineering team is very excited with the data collected - these figures can have a significant impact by allowing for greater installed capacity for the project and generating more green electricity." July 2, 2009 – Green Star Announces Appointment of Capital Partners to Serve as Investor Relations Counsel - Green Star Alternative Energy, Inc. announces that it has appointed Capital Partners d.o.o. to serve as its investor relations counsel. The announcement was made by Mike Andric, the Company's President who is also founder and CEO of Notos, d.o.o. Mr. Andric stated that "With Capital Partners, we are ensured of fitting representation that will increase awareness of the Company's efforts." Mrs. Svetlana Krstic, co-owner of Capital Partners, said: "We believe that this is a long-term cooperative effort and Notos and Green Star will be a success story for the whole community in this region of Europe." June 29, 2009 – Green Star Progressing Towards Listing on OTC Bulletin Board - Green Star Alternative Energy, Inc. announces that it is moving towards compliance with the U.S. Securities and Exchange Commission (SEC) and becoming a fully reporting entity. The Company plans to respond, this week, to the SEC request to file an amended Form 10. Subsequently, GSAE will obtain a listing on NASDAQ's OTC Bulletin Board - a regulated quotation service that displays real-time quotes, last-sale prices, market depth and volume information for over-the-counter securities. Mike Andric, CEO of Green Star Alternative Energy, stated, "Green Star will very shortly become a fully reporting company, and the OTC Bulletin Board will be a step towards a listing on a larger stock exchange." June 22, 2009 – Wind Energy Specialist Joins Green Star/Notos Team - Green Star Alternative Energy, Inc. is pleased to announce the hiring of Nikola Vasilijevic as the Company's Wind Farm Designer. Nikola's expertise lies in electrical engineering and computer science; he will oversee the engineering and construction of Green Star's wind farms. Nikola has worked for EPS, Electric Power Industry of Serbia, and has made significant research contributions to the assessment of wind energy potential in the region. His published work includes "Creating the Map of Vojvodina's Wind Potential Using Linear Interpolation Independent of Direction" (2008); and Nikola was an honorary presenter at the European Wind Energy Conference in Marseilles. Miodrag Andric, CEO of Green Star Alternative Energy, stated: "The Company is assembling the team needed to begin the development phases of our corporate strategy, and Nikola's experience will prove most valuable during design and construction." June 18, 2009 – Green Star Alternative Energy’s Recent Notable Developments in Wind Farm Market Spur Beacon Equity Updated Rating - DALLAS--(BUSINESS WIRE)-- Green Star Alternative Energy Inc. (Pink Sheets: GSAE) receives updated Speculative Buy rating with a price target of $5.70 by Beacon Analyst, Victor Sula, Ph.D. The full report is available at http://www.beaconequity.com. Anyone interested in receiving alerts regarding GSAE research should email members@beaconequity.com with "GSAE" in the subject line. In the report, the analyst notes GSAE's recent filing with the SEC to become a fully reporting publicly traded entity on Nasdaq's OTCBB. The analyst also writes, "GSAE is evaluating various locations across Serbia as commercially viable wind farm sites and evaluating potential acquisitions to build its wind farm portfolio. ...the revenue potential of GSAE's wind energy projects is significant. The Company is pursuing opportunities to develop 300 MW of wind energy and provide clean energy to Serbia and neighboring European countries. During Q2 2009, GSAE began negotiations for a 60 MW wind energy partnership project with Vintim representing $23 million in potential gross revenues annually." Other companies in the wind energy and electric utility sector include: Quanta Services Inc. (NYSE: PWR),Otter Tail Corp. (Nasdaq: OTTR), ALLETE Inc. (NYSE: ALE) and Alliant Energy Corp. (NYSE: LNT). June 17, 2009 – Green Star/Notos JV Appoints New Project Development Manager - Green Star Alternative Energy, Inc. is pleased to announce the hiring of Dusan Opacic as the Company's Project Development Manager. Dusan is an electrical engineer who will head the engineering team and be responsible for managing all aspects of project feasibility and grid connection. Dusan has significant industry experience which includes: Electrical Grid Engineer for RES Group-Australia Pty. Ltd.; MV Project Engineer for Eaton Electric Systems Pty. Ltd.; Power Network Operations Engineer for Electric Power Industry of Serbia; Research and Design Engineer for Institute of Research and Design in Commerce and Industry in Belgrade. Miodrag Andric, CEO of Green Star Alternative Energy, stated: "Dusan will be an asset and important member of our team. His expertise will help us develop our wind farms with efficiency and sound business acumen." Management Peter Gilcud - Chief Executive Officer and Director Mr. Peter Gilcud has nearly twenty years of experience driving growth for companies. He served as President and Director of Fresh Creek Holdings Ltd. from 1990 to 2000. Mr. Gilcud was President and CEO of Bahamas Transport Ltd. from 2000 to 2007. He earned his Bachelors and degree in Political Science from the University of Minnesota-Minneapolis and his Post Graduate Diploma in Investment Management from the University of the West Indies. Jesse Medeiros De Castro - Chief Financial Officer and Director Mr. Jesse Medeiros De Castro brings a wide range of financial experience to Green Star Alternative Energy. Concurrently Mr. De Castro serves as the Asset and Liability Analyst for North Shore Credit Union. From 2002 to 2005, Mr. De Castro was Vice-President in charge of Energy Sector Analysis for Altus Capital Corp. From 2004 to 2007, Mr. De Castro was Consultant to SBS Ltd. on alternative energy. Mr. De Castro holds a BSc in Actuarial Science from Simon Fraser University. Miodrag Andric – Advisor Mr. Miodrag Andric is the strategic thinker and visionary leading Notos d.o.o., the leading Serbian clean energy company. For the past seven years, Miodrag has been involved with the alternative energy sector. His prior position as a Director of Scientific Biofuel Solutions Ltd. gives him insight into the future growth of green electricity in the Republic of Serbia. His professional experience includes: Business Consultant to Maraccot Industries, Bangkok, Thailand; Director of Sales and Marketing for Active Energy, Vancouver, Canada; Consultant to Tidewater Management, Vancouver, Canada. Miodrag is a graduate of the University of Sport Beograd, Serbia. He is fluent in the languages of Serbian, English, French, Italian, German, and Russian. Robert Braun – Advisor Mr. Robert Braun currently works as a consultant to Financial Funds which are primarily oriented to Eastern European Investments. He is a graduate of the Goethe University in Frankfurt, Germany. His career began with a position in Deutsche Bank as an analyst for the closed funds sector. He then moved to ARC Financial Consulting in New York, where he spent his initial years in analysis and industrial finance; he has maintained a role in ARC as an independent advisor for their East Europe division. Milos Zebic – Advisor Mr. Milos Zebic has an extensive background in banking, stock exchange law, and all forms of corporate law within Serbia and Montenegro. He currently holds the positions of: Chief Legal Advisor to European Construction, Serbia; Chief Legal Advisor to MPC Holding, Serbia and Director of JugoPetrol's Foreign Trade Division. His education from the Faculty of Law, Belgrade, includes: Course 9 - European Union Laws, Banking and Stock Market Laws, and International Business Law. Milos is fluent in Serbian, English, and Italian. Dragan N. Jovanovic - Advisor Mr. Dragan N. Jovanovic is the Assistant Director for the Republic Hydrometeorological Institute (RHMZ). He was educated at the Institute for Physics, Belgrade. His expertise includes the analysis of the dynamic and physical processes of the atmosphere and its interaction with land and ocean surfaces, as well as developing models for climate change and adaptation strategies. He is also working with the world’s leading supplier of wind turbines, Vestas, for the entire Balkan region. Green Baron Conclusion Green Star Alternative Energy has carefully targeted a country for wind farm development that meets all the criteria to be successful. The Green Baron Report believes the Joint Venture with Notos will accelerate finance, construction, and revenue production of its projects in Serbia. Its alliance with Notos truly provides the Company with a strong development presence that should lead to rapid expansion. A few weeks ago, it was announced that Gamesa, a leader in the design and development of wind turbines, and Elektrawinds, the largest private company in the Belgian renewable energy market, signed a non disclosure agreement with Green Star. The projects in development by Green Star could gain tremendous momentum should these companies agree to move ahead with plans to do business. It was also recently announced that Green Star filed its amended Form 10 to go fully reporting. Historically, The Green Baron Report has noticed that stocks rise considerably after they gain a Bulletin Board or improved exchange listing. We also believe that GSAE stock unfairly sold off due to issues over a “caveat emptor” warning that has successfully been resolved, and listing on the OTCBB would likely generate an additional boost of confidence in acquiring the shares. A recent research report believed GSAE could reach $5.10 per share over the near term. We feel the drop from $1.85 over the past six weeks to a price of around .50 per share is way overdone, and believe our members can cash in on the next move that should take GSAE back over $2.00 per share. We hope members take this seriously and go make some GREEN on GREEN STAR! Company Contact: Green Star Alternative Energy Corporation Jesse De Castro, CFO
Tel: 1-866-955-GSAE
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