September 17, 2008

Green Star Alternative Energy Inc. Rated ‘Speculative Buy,’ Target Price $5.70 By Beacon Equity Research

Green Star Alternative Energy Inc. (Pink Sheets: GSAE) has been rated Speculative Buy with a $5.70 Target Price by Beacon Analyst, Victor Sula, Ph.D.

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In the report, the analyst writes, "Improvements in wind generation technology are reducing deployment costs and making wind energy competitive with other power sources. In addition, environmental concerns and governmental support are enhancing wind energy growth rates worldwide. We believe GSAE is well-positioned to capitalize on wind energy sales opportunities, initially in Serbia and eventually worldwide; we are initiating coverage of GSAE shares with a rating of Speculative Buy."

Other companies in the wind energy and electric utility sector include: Quanta Services Inc. (NYSE: PWR), Otter Tail Corp. (Nasdaq: OTTR), ALLETE Inc. (NYSE: ALE) and Alliant Energy Corp. (NYSE: LNT).

Beacon Equity Research Disclosure

The analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. is a wholly owned entity of BlueWave Advisors, LLC, which has been compensated thirty thousand dollars from Equity Alliance International, a shareholder of GSAE, as a marketing budget to manage a comprehensive investor awareness program including the creation and distribution of this report as well as other investor relations efforts. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. Please read our report and visit our Web site,, for complete disclosures.