Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) (“GSAE” or the
“Company”) (http://www.greenstarae.com)
announces that the Company is working diligently to complete the process
of establishing a Record Date and a Payment Date for the Company’s
planned common stock dividend of three common shares for every four
common shares held by stockholders. The Record Date and the Dividend
Date have not yet been established. The Company’s management believes
that the stock dividend may provide a benefit to our existing
shareholders, including those who have financed the Company through its
ongoing development. As of the date of this release, GSAE has
approximately 16,250,000 publicly traded shares and a total of
26,250,000 shares outstanding.
About GSAE
Green Star Alternative Energy is an environmentally conscious, renewable
energy company 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.
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.
