SOURCE: Green Star Energies Inc.

December 16, 2008 06:00 ET

Green Star Energies Reports Insider Transactions

Green Star President Brandon Toth Has Completed a $27k Purchase of Preferred Stock With the Intention of Purchasing an Additional 3 Million Shares of Common Stock

VANCOUVER, WA--(Marketwire - December 16, 2008) - Green Star Energies Inc. (PINKSHEETS: GSRE) announces today a series of insider transactions including the purchase of preferred stock and common stock. The Company does not currently file form 4 with the Edgar SEC system but will post required disclosures through this announcement and to Pink OTC Markets.

As a signal of management's belief in Green Star's potential the first of insider transactions have been completed. The preferred transaction involves the purchase of $27,000 worth of series B preferred class stock. The stock has been issued with conversion, voting and dividend rights equal or less then what will be offered to Green Star investors.

It includes the sale of 450,000 preferred shares priced at 0.06 (six cents) that are convertible ten to one to common stock per preferred share, have 30 to one voting rights per preferred share, and will receive an annual dividend of 10% paid in cash or stock determined by the Board of Directors at that time.

President Toth has also documented his intention to purchase at least 3 million common shares at relative market prices which will be properly disclosed to Pink OTC Markets as required. Green Star's management intends on making a public offering during the 1st quarter to meet the needs of the business plans. Investors interested in the details of such an offering or other financing options should contact Matt Lipton, VP of Finance.

Corporate Spokesperson, Rick Hupe stated, "It's good to see management invest in itself."

"I saw this as an opportunity to get in on a ground floor venture that I truly believe in, that will serve me as a strong investment in a time of great uncertainty in general markets," stated President Brandon Toth.


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.

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:

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