StarInvest Announces Share Distribution Of Its Portfolio Company

New York, January 31,2006, StarInvest Group, Inc. (Symbol: STIV.OB), announced today its Board of Directors decided to distribute 850,000 shares of stock it is holding in Rep Retail E- Promotion.  Rep Retail is a private company, and a leading and experienced dynamic visual communication company.  Rep Retail manufactures and sells its proprietary cost effective plug&play technology and applications for digital signage applications.

These 850,000 shares will be distributed to StarInvest Shareholders of Record as of February 15, 2006.  Rep Retail E- Promotion expects to be trading on a public exchange by the end of this year.  Each StarInvest Shareholder will receive one (1) share of Rep Retail E- Promotion for every thirty (30) Common Shares of StarInvest held as of the Record Date.  All Shareholders with less than 30 shares of StarInvest will receive a $5.00 check.

About Rep Retail E- Promotion:

Rep Retail E- Promotion was founded in 2000 and is based in Israel.  The company has developed a highly reliable, robust software based micro media player with powerful management systems specially suited for public spaces.  Years of product development and international market experience have given Rep Retail a deeper understanding of the digital signage market and its potential.  The result is a line of revolutionary yet affordable products uniquely designed to meet the market demand for powerful, inexpensive, plug&play solutions, which are now sold through a worldwide distribution network.  For more information, www.repromotion.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, 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.

For further information please call, (212) 338-0001, or email, ir@starinvestgroup.com.