| Press
Release Source: StarInvest Group, Inc.
StarInvest
Adds Asia Pay to Its Portfolio
Invests
$100,000 in a Private Placement
NEW YORK, NY, Mar 28, 2005 (MARKET WIRE via COMTEX) -- StarInvest
Group, Inc. (OTC BB: STIV) today announced that they have added
Asia Payment Systems, Inc. to its Portfolio of Investments.
Based on the Private Placement, StarInvest will receive 149,254
restricted shares of Asia Pay for the $100,000 invested.
Ike
Sutton, CEO of StarInvest Group, Inc., commented, "Asia
Pay is one of the fastest growing companies that I have encountered,
based on the closing price on Friday of $2.20 per share, we
have already seen a 300% increase in our investment. We are
looking forward in assisting Matt Mecke and his team in raising
additional capital and developing strategic users of his credit
card processing platform in the international markets. We welcome
Asia Pay to our Portfolio."
About
Asia Payment Systems
Asia
Pay is a USA public company with offices in: Seattle, Washington;
Beijing and Shenzhen in China; and Hong Kong. Asia Pay is developing
a credit card processing network that provides clearing services
to merchants, oil companies, and financial institutions in China,
Japan, and other markets of interest in Asia. Asia Pay's mission
is to be a national provider of world-class third-party processing
services in China to bankcard-accepting merchants, issuers of
bank credit cards, issuers of petroleum station retail cards,
and issuers of merchandise and other retail cards. Systems,
hardware, and personnel are now in place as Asia Pay commences
delivering service to clients. In addition, the company plans
to expand nationwide operations in the China market, which currently
has an estimated 750 million debit cards in use, with annual
growth of an additional 60 million cards. For more information
see http://www.asiapayinc.com/.
About
StarInvest Group, Inc.
StarInvest
Group is a publicly traded (OTC BB: STIV) 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 that 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 http://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.:
Blue Future Inc.
Barbara Manui
212-423-0407
ir@starinvestgroup.com
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