SOURCE: Green Star Alternative Energy, Inc.

Green Star Alternative Energy, Inc.

April 28, 2009 08:30 ET

Green Star Alternative Energy, Inc. Added to Ludlow Alternative Energy Index

SAN DIEGO, CA--(Marketwire - April 28, 2009) - Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE) (http://www.greenstarae.com), a green electricity and sustainable energy programs developer, today announced that the company has been added to the Ludlow Energy Alternative Index.

Tom Bustamante, Managing Director of Ludlow Energy Ventures, Inc. commented, "We are pleased to have Green Star Alternative Energy as a new component to our renewable energy index. Focused on the implementation of renewable and green technologies on the municipal and regional level in Europe, the Company should add additional depth and value to our clean technology tracking index."

For additional information on the Ludlow Alternative Energy Index and its components visit http://www.ludlowcapital.com/indices/

About Ludlow Alternative Energy Index

The Ludlow Alternative Energy Index is a basket of both large and small cap alternative energy stocks. The Index provides both institutional and individual investors a tool for tracking the day-to-day performance of a number of alternative energy stocks in a diversified basket. The index is designed for investors who have a long-term bullish outlook on alternative energy, and may be seeking a diversified portfolio within the sector. www.ludlowcapital.com/indices/

GSAE would like to remind the public that J.M. De Castro CFO, will be available for a live interview at http://www.investmentnation.com on Wednesday, April 29th, 2009, at 6 pm EDT to discuss the company's plans moving forward. Investors who wish to attend the interview are encouraged to view the GSAE message board, within the Investment Nation Website, by visiting the following link http://www.investmentnation.com/viewboard.php?id=357&sb=Y&sc=Y.

We also have another live interview scheduled at http://www.stockhideout.com on Monday, May the 4th, 2009 at 10 am, on that date and time, participants may login by navigating to the following webpage http://www.stockhideout.com/visichat/

About Green Star Alternative Energy

Green Star Alternative Energy (PINKSHEETS: GSAE) is an environmentally conscious, renewable energy producer. The Company is 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.

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.

Contact Information

  • Contact:

    Investor Relations Contact:
    Toll Free (866) 949-5735
    M-F 10AM-10PM EDT
    Del Mar Corporate Communications, LLC

    Ludlow Energy Ventures, Inc.
    Sarah Kapchinske
    (917) 670-0843
    Email Contact

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