Midland, TX--7/26/2007--StarInvest Group, Inc (OTC: STIV.OB) announced today that it has executed agreements with New Canaan Partners, Ltd to convert the entire amount of New Canaan’s 8% loan into shares of the Company’s common stock. Robert H. Cole, Chief Executive Officer, stated, “Since my appointment, we worked diligently to negotiate with our creditors, and today we are extremely pleased to announce that the Company’s long term liabilities have been once again significantly reduced. Also during the previous quarters, we were able to secure participation of several new investors via the private placement of our shares that further enhances our Balance Sheet”.

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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