Starinvest update on its China initiative

MIDLAND, TX --11/20/07--As anticipated in our previous press release dated June 25, 2007 we are now pleased to announce that StarInvest(Symbol: OTC BB:STIV)  has made formal application to the Shanghai Municipal Government in Shanghai, China to establish a representative office to introduce StarInvest Group to Chinese companies seeking access to the US capital and debt markets, as well as cross border M&A opportunities that could enhance their participation in domestic business cycles.

Robert H. Cole, CEO of StarInvest Group, Inc stated “Chinese companies are increasingly looking toward having US domestic manufacturing and distribution in order to be closer to their US customers and shorten their supply chain cost, thereby providing additional savings to their customer base. This represents an incredible opportunity for StarInvest and we intend to take full advantage of our BDC status to facilitate this process.” 

StarInvest anticipates receiving the municipal government’s approval by the end of fiscal 2007.

About STARINVEST

StarInvest Group is a Business Development Company (BDC) located in Texas. BDCs are publicly traded, closed-end investment companies regulated by the Investment Company Act of 1940. StarInvest Group was founded on the premise that the magnitude and consistency of investment returns can be significantly enhanced by combining both operational talent and financial talent within a single private equity investment firm. StarInvest Group has implemented a strategy to create value for shareholders by investing in emerging companies that are positioned for strong industry growth or have business models with strong cash flow potential. In addition to structuring financing requirements, StarInvest provides managerial assistance and strategic links between the Portfolio Companies enabling them to maximize their resources for marketing, business development, administration, public listing planning, and realization of their goals.

Contact:

     Robert Cole

     StarInvest Group, Inc.

     432.682.8373

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