Green Star Alternative Energy, Inc. (Pink Sheets:GSAE) ("GSAE") today wishes to announce that Francis Gaskins of IPODesktop.com has issued an independent third party analyst report and coverage on the Company. Based on the report's growth assumptions, Francis Gaskins believes the market capitalization could approach $315 million, or $4.50 per share. The public is free to review this report at (http://www.gaskinsco.com/linkto-gsae.shtml.)

About Francis Gaskins:

"Francis Gaskins, a seasoned financial analyst, is noted as the Internet's most experienced, analytical web cast producer and interviewer. Often quoted, his scope of influence includes editor (IPOdesktop), Talk Radio, Internet TV, and Video Productions, plus numerous articles and opinions published in the nation's financial media.

"As the IPO Desktop editor, Gaskins is one of the leading providers of independent IPO research for professional money managers and individual investors. One of 'Forbes Best IPO Sites,' he is widely quoted by the IPO media including the Wall Street Journal, Dow Jones Business News, Dow Jones Newswires, Reuters, USA Today, TheStreet.com, CBS MarketWatch. IPOdesktop editors are quoted by The Wall Street Journal, Dow Jones Newswires, MarketWatch, Reuters, USA TODAY, and others.

"IPO Hardball, the weekly podcast, is hosted by Gaskins at Streetiq.com. Gaskins himself often appears as a guest IPO commentator for CNBC and Bloomberg Television. On the internet, Gaskins is Co-host for the weekly IPO Hardball! Internet radio show, also broadcast from CBS Marketwatch. Mr. Gaskins holds a Harvard University Master of Business Administration (Finance) and from Princeton, a degree in Economics. He has extensive experience in sales, marketing, pre-IPO financial analysis and valuations, fund raising, forecasting and budgeting, strategic modeling, general ledger and preparation of financial statements and market research."

About Green Star Alternative Energy (GSAE.PK)

Green Star Alternative Energy, Inc. is working to develop more than 300 megawatts of clean wind energy. To drive growth and revenue Green Star is focused on the development of wind energy, the import and export of electricity, the cultivation of agriculture on its wind farms, and the supply of greenhouse gas emission credits. The company is pursuing a significant opportunity to provide clean power to the growing Republic of Serbia and neighboring European countries.