STARINVEST ANNOUNCES “NAME THE TEAM” CONTEST
FOR BROOKLYN AMERICAN BASKETBALL (ABA) EXPANSION TEAM

New York, January 5, 2006, StarInvest Group, Inc. (Symbol: STIV:OB), today announced the launch of an online contest for the new Brooklyn expansion team in the American Basketball Association, which will begin playing in November 2006.  By entering, contestants will have the opportunity to suggest the team name and be entered into the random drawing to win season tickets and other ABA merchandise.  To enter, contestants should visit www.brooklynaba.com.

In October 2005, StarInvest reserved the exclusive development of the ABA Brooklyn Team.  Brooklyn’s team is among several new ABA teams scheduled to compete in the 2006/2007 season.

Joe Newman, CEO of the ABA stated, “We know Brooklyn fans to be amongst the most loyal and dedicated in the nation, and this contest is the first step in including those fans in what will prove to be an exciting 2006 season for the ABA.  Recent media attention, such as an article in Sports Illustrated, appearances on ESPN, and coverage on MTV, Fox Sports and E Entertainment have made a great positive impact on the league.  We will have many new and competitive teams in 2006 because of this media attention.  Brooklyn fans will truly enjoy the offering of sports and entertainment that is coming their way.”

Ike Sutton, CEO of StarInvest added, “We are extremely excited to be a part of the ABA.  Brooklyn needs professional basketball and quality entertainment at affordable prices. The ABA is the perfect forum to offer both.  We look forward to receiving creative team names from fans through the contest.”

About the American Basketball Association:

The new American Basketball Association (ABA) was formed in 1999, and has experienced tremendous growth in the 2004-2005 Season, with more than 30 teams competing for the ABA Championship.  The ABA currently has 48 teams competing in the 2005-2006 Season with an expected audience of over 3,000,000 fans.  The ABA is focusing on family oriented, affordable entertainment and is projected to have 100 teams for the 2006 Season.  For more information see www.abalive.com.

About StarInvest Group, Inc.:

StarInvest Group is a publicly-traded Business Development Company

(BDC) located in New York City. The Company 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. For more information see www.starinvestgroup.com.

The preceding includes forward-looking statements, which involve known and unknown risks, and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC.

Contact for StarInvest Group, Inc., ir@starinvestgroup.com

  - (212) 338-0001

--------------------------------------------------------------------------------
Source: StarInvest Group, Inc.