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Green Star Alternative Energy Inc. (Pink Sheets: GSAE) receives updated Speculative Buy rating with a price target of $5.70 by Beacon Analyst, Victor Sula, Ph.D.

The full report is available at http://www.beaconequity.com

Anyone interested in receiving alerts regarding GSAE research should e-mail members@beaconequity.com with “GSAE” in the subject line.

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.”

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. BeaconEquity.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. BeaconEquity.com is a wholly owned entity of BlueWave Advisors, LLC, which has been compensated thirty thousand dollars from Equity Alliance International, a shareholder of GSAE, in addition to thirty thousand free trading shares from Onyx Consulting Group, 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, BeaconEquity.com, for complete disclosures.

BeaconEquity.com
Jeff Bishop, 469-252-3505
press@beaconequity.com
www.BeaconEquity.com
or
Green Star Alternative Energy Inc.
Jesse De Castro, 866-955-GSAE (4723)
Chief Financial Officer
info@greenstarae.com