SAN DIEGO--(Business Wire)--
Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) ("GSAE" or the
"Company") (http://www.greenstarae.com) announces that the Company is working
diligently to complete the process of establishing a Record Date and a Payment
Date for the Company`s planned common stock dividend of three common shares for
every four common shares held by stockholders. The Record Date and the Dividend
Date have not yet been established. The Company`s management believes that the
stock dividend may provide a benefit to our existing shareholders, including
those who have financed the Company through its ongoing development. As of the
date of this release, GSAE has approximately 16,250,000 publicly traded shares
and a total of 26,250,000 shares outstanding.
About 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. 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.
Green Star Alternative Energy, Inc.
Jesse De Castro, CFO
866-955-GSAE (4723)
info@greenstarae.com
Copyright Business Wire 2009
