Summary of Special Stockholders Meeting Held on January 31, 2009

The Green Star Products Special Stockholders Meeting was held at the Little America Hotel in Salt Lake City, Utah, on January 31, 2009. The meeting lasted for almost four hours and was well attended, filling the room at capacity. This meeting had the most attendants of the last ten years of stockholders meetings.

Detailed presentations were given by Joseph LaStella, President of Green Star Products; Irshad Ahmed, President of Pure Energy Corporation; and, Brooks Agnew, Vice-President of Field Engineering of Green Star.

Mr. LaStella, President of Green Star, reviewed the entire history of the Company from its inception. The history showed a continuation of corporate strategy from the beginning which repositioned the Company several times based on state and federal mandates, consumer interest and changes in the alternative energy markets.

Mr. Brooks Agnew, Ph.D., Vice-President of Green Star, presented algae biomass production technology and the advancements that Green Star has made in the algae production business which gives the Company at least a two year edge in algae research and commercial production.

Mr. Irshad Ahmed, Ph.D., President of Pure Energy Corporation a Biorefinery Consortium partner, gave a detailed analysis of the integration of technologies in the biorefinery complex and its many advantages, including significant cost reductions. Under a technology license agreement, Pure Energy is providing to the Consortium a cellulosic ethanol/chemicals biorefinery manufacturing platform. The biorefinery complex is designed to utilize municipal waste, agricultural waste and non-food products, including algae, to produce a variety of energy and chemical products. These products include cellulosic ethanol, algae biodiesel, biodiesel form other non-food products, electricity, fertilizers and chemicals.

The GSPI audience was extremely interested in Mr. Ahmed presentation of alternative fuels and how they will impact the general fuel markets. Specifically, Mr. Ahmed outlined the products that are produced out of a barrel of crude oil. Those products include the building blocks for a multitude of base chemicals for the chemical industry. The virtual shift from crude oil to alternative fuels will cause a crippling effect on the chemical industry with shortages if this is not addressed early in the transition. The biorefinery projects clearly have patented technology and trade secrets incorporated into them which split the C6 carbon chains for the production of ethanol and the C5 carbon chains which can be used to replace fossil fuel-based products (petrochemicals), which will not be available when crude oil is no longer utilized as the base of our chemical industry.

Many at the shareholder's meeting were absolutely amazed at this presentation about a concept that has not been address by the federal government and could hurt the United States' Chemical Industry dramatically.

President Obama recently stated that he intends to double alternative energy for the United States within three years. There are also existing federal programs clearly identifying funds in the billions for biorefinery-type projects.

The GSPI Consortium partners dedicated a significant amount of time over the past 10 months to prepare several biorefinery proposals for submittal to the existing and anticipated multi-billion dollar federal alternative energy programs.

During the meeting, all of the aspects that were addressed in the GSPI Letter to Shareholders were discussed in great detail including a possible reinstatement by the federal government of the Uptick Rule, which could cure major problems in the stock market (please see GSPI Letter to Stockholders dated December 31, 2008).

The following votes were taken at the Shareholders Meeting:

• The existing Board Members were reelected by an over 80% percent margin.

• The shareholders voted to increase the number of shares from 400 million to 450 million by a 53.8% quorum with a 79% margin voting for the increase of shares.

• The shareholders voted to keep the Board of Directors at a minimum number until the next shareholders meeting so that the company can remain agile on its feet and rely on individual scientific and engineering production committees to operate at the project and field level.

The shareholders approved for GSPI officers to participate in other capacities including board members and scientific advisors of other corporations that have business with GSPI. Primarily, Mr. LaStella stated that this would ensure that our proprietary technologies can be protected by having direct involvement in any project or company in which our patented and non-patented (trade secret) technologies are part of a joint venture business.

Mr. LaStella spent a significant amount of time outlining the extensive past electric vehicle history of GSPI, formerly BAT International, during the 1992-1998 era. Mr. LaStella indicated that there was significant pressure on the Company to re-engage itself in that electric car business because GSPI clearly demonstrated its know-how and expertize in building these vehicles, which to this day still hold most of the world's records and provide significant operational statistics at a reduced cost. This could be an easy business strategy for GSPI to engage since all of the research and development, and history has already been established almost ten years ahead of its time. GSPI manufactured two types of electric commuter cars and one truck off its assembly lines during that era. GSPI was one of the only companies to crash test their electric vehicles (see crash test video at GreenStarUSA.com) and receive awards from governors and federal senators for its participation in the electric car field (see Mr. LaStella's book titled 'National Birthright' at JosephLaStella.com).

In conclusion, the Company has been expanding at a significant pace and we have brought in recently some industry qualified people that were announced in previous press releases (Tom Gruenwald - July 10, Brooks Agnew - July 15, and Michael Hu - July 25, 2008). The stockholders at the meeting were very enthusiastic about the future of our Company because the Green Nature of our Company and the fact that existing government programs and future programs now being laid out by the Obama Administration support all aspects of Green Star's business strategy including biorefineries, algae biodiesel, CO2 sequestration, energy efficiency and even the electric vehicle market. It was also decided that the next Shareholders Meeting would be scheduled for June 2009.