SOURCE: Wall Street News Alert

Wall Street News Alert

June 23, 2009 09:33 ET

Wall Street News Alert: Hot Stock to Watch: GSAE -- June 23, 2009

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - June 23, 2009) - Wall Street News Alert's "stocks to watch" this morning are: Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE), Level 3 Communications, Inc. (NASDAQ: LVLT), Medarex, Inc. (NASDAQ: MEDX) and Coeur d'Alene Mines Corporation (NYSE: CDE).

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Having received an updated Speculative Buy rating with a price target of $5.70 by Beacon Equity last week, Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE) and the company should have the attention of investors looking to possibly benefit from the growing wind energy market. Yesterday after the markets closed, the company issued a press release announcing the hiring of Nikola Vasilijevic as the Company's Wind Farm Designer. Nikola's expertise lies in electrical engineering and computer science; he will oversee the engineering and construction of Green Star's wind farms.

Nikola has worked for EPS, Electric Power Industry of Serbia, and has made significant research contributions to the assessment of wind energy potential in the region. His published work includes "Creating the Map of Vojvodina's Wind Potential Using Linear Interpolation Independent of Direction" (2008); and Nikola was an honorary presenter at the European Wind Energy Conference in Marseilles, France.

Last week, the company issued a press release announcing that it has received an updated Speculative Buy rating with a price target of $5.70 by Beacon Analyst, Victor Sula, Ph.D. In the report, the analyst notes GSAE's recent filing with the SEC to become a fully reporting publicly traded entity on Nasdaq's OTCBB. The analyst also writes, "GSAE is evaluating various locations across Serbia as commercially viable wind farm sites and evaluating potential acquisitions to build its wind farm portfolio... the revenue potential of GSAE's wind energy projects is significant. The Company is pursuing opportunities to develop 300 MW of wind energy and provide clean energy to Serbia and neighboring European countries. During Q2 2009, GSAE began negotiations for a 60 MW wind energy partnership project with Vintim representing $23 million in potential gross revenues annually.

Last Monday the company also reported the installation of the wind measurement tower at the 20 MW Belo Blato site. Miodrag Andric, CEO of Green Star Alternative Energy, stated: "We are delighted to see the first tower in place; but this is only the beginning, as we have other locations that require analysis and development."

The terrain had been carefully analyzed and many months of preparation and licensing have culminated in this deployment. The data gathered will provide Green Star the ability to optimize the wind farm design and efficiency. Wellbury was commissioned to execute the placement and construction of our 60 meter tower.

The stock closed yesterday at $1.70 a share.

For an in-depth profile of Green Star Alternative Energy, visit http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=GSAE_062209.

Level 3 Communications, Inc. (NASDAQ: LVLT) up 15.8% on 29.2 million shares traded.

Level 3 Communications, Inc. is a leading international provider of fiber-based communications services.

Medarex, Inc. (NASDAQ: MEDX) up 12.5% on 24.8 million shares traded.

Medarex is a biopharmaceutical company focused on the discovery, development and potential commercialization of fully human antibody-based therapeutics to treat life-threatening and debilitating diseases, including cancer, inflammation, autoimmune disorders and infectious diseases.

Coeur d'Alene Mines Corporation (NYSE: CDE) up 5.1% on 8.5 million shares traded.

Coeur d'Alene Mines Corporation is one of the world's leading silver companies and also a significant gold producer.

Market Commentary:

Economic worries took its toll on the markets as the World Bank estimated the global economy will shrink 2.9 percent in 2009. It previously predicted a 1.7 percent decline.

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This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. For current services performed for Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE), WSCF has been compensated Thirty Thousand shares, by a third party, ONYX Consulting Group LLC., who is non-affiliated and may hold a significant position in the stock. WSCF holds Eleven Thousand of those shares as of this release, and intends to immediately continue selling its shares as this release is being circulated. WSCF was also compensated for services rendered in 2008. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.

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