Midland, TX--7/11/2007--In conjunction with making a formal application
with the Shanghai Municipal Government for permission to open and operate a Representative office,
StarInvest Group Inc. (Symbol: OTC BB:STIV) will take over the contact list and any work in
progress of BadaSino Affiliates in China. BadaSino Affiliates is an affiliated group of companies
with projects in the U.S., the Bahamas and China. Prior to his appointment as COO and designated
Chief Representative for StarInvest Group Inc. in China, Glenn Matthews functioned as managing director
of BadaSino Affiliates. As Chief Representative in China, Mr. Matthews will be able to maximize his
contacts and relationships to further StarInvest Group's service offerings to Mainland Chinese based
Small and medium sized enterprises who would look to set up U.S. based operations, form U.S. based
Joint Ventures, acquire U.S. based assets and access the U.S. capital markets.
Robert H. Cole CEO and CFO of StarInvest stated, “Our experts recently identified a growing demand
for Venture Capitalists in China. The appointments of Mr. Matthews, and the partnership with Bada
Sino Affiliates, are steps forward to fulfill this demand and to take fully advantage of this market
opportunity. There is not doubt that this strategy will put StarInvest in the right place at the right time.”
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:
Contact:
Robert Cole
StarInvest Group, Inc.
432.682.8373
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