STARINVEST
DECLARES STOCK DIVIDEND
2 StarInvest Companies to be Merged
New
York, June 23, 2005, StarInvest Group, Inc. (STIV), today
announced that on June 20, 2005 the Board of Directors of
StarInvest Group decided a Stock Dividend Distribution of
one (1) share of GoIP Global Inc., a STIV Portfolio Company,
for every two (2) Common Shares of StarInvest Group to all
STIV Shareholders of Record as of June 30, 2005.
This
dividend is a result of the merger between E Education Network,
Inc., a StarInvest Public Portfolio Company, and GoIP Global
Inc., another StarInvest Portfolio Company.
This merger gives StarInvest a 70% interest in the
merger entity with approximately 14,000,000 shares.
The declared dividend will distribute approximately
6,500,000 shares (32% of the company), leaving StarInvest
with 7,500,000 shares, (approximately 37.5% of the Company).
GoIP
Global Inc., will be the survivor Company. The name change and new cusip number will be
effective in July, 2005.
In addition, GoIP will apply for a stock symbol and
will seek trading status on the Pink Sheets Market.
GoIP
is a New York based company, a portfolio company of StarInvest
Group, and is a Value Added Distributor of Hughes Network
Systems in emerging markets.
GoIP provides Satellite Broadband Internet
connectivity and VoIP services to areas lacking terrestrial
connectivity. For
more information see www.goipglobal.com
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.
Safe Harbor Statements under the Private
Securities Litigation Reform Act of 1965: Those statements
contained herein which are not historical are forward-looking
statements, and as such, are subject to risks and uncertainties
that could cause actual operating results to materially differ
from those contained in the forward-looking statements.
Such statements include, but are not limited to, certain delays
that are beyond the Company’s control, with respect to market
acceptance of new technologies, or product delays in the testing
and evaluation of products, and other risks, as detailed in
the Company’s periodic filings with the Securities and Exchange
Commission.
Contact
for StarInvest Group, Inc.
Blue
Future Inc. Barbara Manui, (212) 423-0407 - ir@starinvestgroup.com
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Source: StarInvest Group, Inc.