Green Star Alternative Energy, Inc. (Pink Sheets: GSAE; “GSAE” or the “Company”) – http://www.greenstarae.com – is pleased to announce that it has appointed Capital Partners d.o.o. to serve as its investor relations counsel.

The announcement was made by Mike Andric, the Company’s President who is also founder and CEO of Notos, d.o.o. Mr. Andric stated that “With Capital Partners, we are ensured of fitting representation that will increase awareness of the Company’s efforts.” Mrs. Svetlana Krstic, co-owner of Capital Partners, said: “We believe that this is a long-term cooperative effort and Notos and Green Star will be a success story for the whole community in this region of Europe.”

About Green Star Alternative Energy (GSAE)

Green Star Alternative Energy is an environmentally conscious, renewable energy company working to develop more than 300 MW (megawatts) of clean electricity through wind energy. The corporate revenue model is two-fold: the use

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It would be easy for everyone to blame FAS 157 for the recent writedowns. In case your not sure what FAS 157 is, here’s a quick primer:

The US Financial Accounting Standards Board Rule 157, which became effective for fiscal years that began after November 15, 2007, makes it harder for companies that must assign pricing to those securities considered the hardest to value – Level 3 assets. Essentially, firms are now forced to “mark-to-market” and determine a current fair value rather than use historical cost figures to value assets on the their books. In the fair value hierarchy, Level 1 assets are simply “mark-to-market” whereby an asset’s value is determined with quoted prices for identical instruments in an active market (ie., an equity security traded on the NYSE).

Level 2 assets, known as “marked-to-model” instruments, are based on an estimate of observable inputs.

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Rail operator CSX, will report its second quarter financial results on Tuesday 07/15/08 after the close of the stock market. Art Hatfield, an analyst with Morgan Keegan is forecasting that CSX will meet Wall Street’s estimates. He thinks the impact of high fuel costs will be offset by continuing improvements in the company’s operational efficiencies. CSX has had quite a quarter. Despite a 37+% rise in the shares year to date, 12% this quarter in which the stock market in general has been decimated, and the stock trading near this year’s highs, the company has attracted the ire of a shareholder group comprised of The Children’s Investment Fund (TCI) and 3G Capital Partners. The shareholder group is claiming that CSX is underperforming and could achieve $2.2 billion in annual productivity gains within five years. The group also says profits at CSX could quadruple in five years compared with company forecasts ...