SOURCE: Greenstar Alternative Energy, Inc.

Greenstar Alternative Energy, Inc.

April 29, 2009 08:45 ET

New CEO and President Joins Green Star

SAN DIEGO, CA--(Marketwire - April 29, 2009) - Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE) ("GSAE" or the "Company") (http://www.greenstarae.com) is pleased to announce the appointment of Miodrag (Mike) Andric as the Company's new Director and Chairman of the Board. Mr. Andric will also take on the positions of Chief Executive Officer and President.

Mr. Andric has an extensive background in renewable energy systems. His alternative energy experience encompasses projects from around world and he will focus his talents on guiding Green Star through the strategic plan. He is fluent in the languages of Serbian, English, French, Italian, German, and Russian.

Mike Andric, CEO of Green Star, stated, "I am proud to be a member of Green Star's team. Both Green Star and Notos have expended a great deal of time and resources over the past year researching and developing this business model. We have an important mission to develop clean energy and I expect nothing less than success for our business and the environment."

GSAE would like to amend the public notice to reflect that Mike Andric CEO, 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 EDT, on that date and time, participants may login by navigating to the following webpage http://www.stockhideout.com/visichat/.

About Green Star Alternative Energy (GSAE.PK)

Green Star Alternative Energy 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 neighbouring 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 focussed 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

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