SOURCE: Green Star Energies, Inc.

September 24, 2009 11:30 ET

Green Star Energies Announces Success of Stockholder Financing

Green Star Energies Has Secured $100,000 in Financing and Is Now Able to Move the Business Forward Into Revenue Generation

VANCOUVER, WA--(Marketwire - September 24, 2009) - Green Star Energies, Inc. (PINKSHEETS: GSRE). Green Star Energies is pleased to announce the completion of successful financing activities. With the formation of a special Stockholder Committee and the careful planning therein management is now capitalized to move forward and begin revenue development within its projects.

The total funding has been facilitated in the amount of a minimum of $100,000 with the bulk of these funds already received and the remaining amounts firmly committed by existing stockholders of Green Star Energies. The Company is finalizing plans for our majority (83%) owned subsidiary, Aeon Holdings, Inc. including the extended financing plans to back corporate initiatives and new acquisitions already in the pipeline.

This step is the first of several including completing objectives within our projects as well as starting to execute the agreements for new acquisitions as outlined in previous Company publications. It is expected that such developments will be reported on a timely basis as events become material.

"Up until this point I have been personally funding this venture. At this juncture the stockholders have taken control of the situation into their own hands and arranged for the necessary funding to move forward with our plans. There are additional announcements currently pending so please check in with the website and newsletter on a timely basis to look for updates or contact us directly via phone or email," stated Mr. Brandon Toth, CEO of Green Star Energies.

ABOUT GREEN STAR ENERGIES, INC

Green Star is an energy company with interests in oil and gas development and production. Green Star follows an aggressive business model, focusing on redevelopment of oil and gas fields with a history of production, and also, exploration of green projects and businesses such as biodiesel and wind power. Please visit our website: http://www.GreenStarEnergies.com

Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Green Star Energies, Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. Please read the full disclaimer here: http://www.GreenStarEnergies.com/disclaimer.

Contact Information

  • Contact:
    Green Star Energies, Inc.
    Brandon Toth, President
    Contact: 1-360-977-6820
    Email: Email Contact