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Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE | Quote | Chart | News | PowerRating) should once again have investors monitoring the stock, as the company continues to issue positive news. Yesterday after the markets closed, the company, which is working to develop more than 300 megawatts of clean wind energy, issued a press release announcing that it has filed its audited financial statements for the period from December, 2006 to June, 2008.
Great news for investors! With the recent status of fully reporting Pink, Green Star has shown to regulators and shareholders a high level of transparency. This new filing is not a requirement from Pink Sheets - Green Star has taken it upon itself to surpass the necessary obligations and provide its shareholders, and the investment community, more comprehensive information. Details regarding the audited financial statements, legal opinions, corporate articles, 15c211 filing, and other important data are available for viewing at pinksheets.com. According to the release, this is a significant step in the process of becoming a fully reporting issuer on the OTCBB. The Company is moving towards the fulfillment of the requirements for obtaining quotation on the OTC Bulletin Board.
J. M. De Castro, CFO of Green Star Alternative Energy stated "Green Star is exceeding all of the current requirements for a Pink Sheet listing. The logical progression will be towards obtaining a listing on the OTCBB. This will provide more recognition for the company in the investment community and ultimately enhance shareholder value."
Investors are urged to monitor the progress of Green Star Alternative Energy!
Prior to the latest press release, the stock closed yesterday at $2.35 a share.
For an in-depth profile of Green Star Alternative Energy, visit http://thenewssvc.atapps.com/GSAE092208.html.
Other Stocks of interest yesterday were:
GE (NYSE: GE | Quote | Chart | News | PowerRating) down 1.7% on 55.8 million shares traded. GE is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide.
Marathon Oil Corporation (NYSE: MRO | Quote | Chart | News | PowerRating) down 4.6% on 6.9 million shares traded. Marathon is an integrated international energy company engaged in exploration and production; oil sands mining; integrated gas; and refining, marketing and transportation operations. Marathon has principal operations in the United States, Angola, Canada, Equatorial Guinea, Gabon, Indonesia, Ireland, Libya, Norway and the United Kingdom. Marathon is the fourth largest United States-based integrated oil company and the nation's fifth largest refiner.
Composite Technology Corporation (OTCBB: CPTC | Quote | Chart | News | PowerRating) up 4.7% on 348,000 shares traded. Composite Technology Corporation, based in Irvine, California, USA, develops, manufactures and sells innovative high performance electrical transmission and renewable energy generation wind turbines through its subsidiaries: DeWind Inc. & CTC Cable Corp.
The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company". The company received compensation for services performed for Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE). Currently, the compensation is twenty five thousand dollars from third party, Equity Alliance International LLC., who is non-affiliated and may hold a significant position in the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
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