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

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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 | Quote | Chart | News | PowerRating) 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 | Quote | Chart | News | PowerRating) 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 | Quote | Chart | News | PowerRating) 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 | Quote | Chart | News | PowerRating) 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
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