| Press
Release Source: StarInvest Group, Inc.
StarInvest
Adds Net2Auction to Its Portfolio
Net2Auction Is a Leading Provider of Auction Drop-Off
Services
NEW YORK, NY, May 20, 2005 (MARKET WIRE via COMTEX) -- StarInvest
Group, Inc. (OTC BB: STIV) today announced that they have added
Net2Auction, Inc, to its Portfolio of Investments. Based on
the Private Placement StarInvest invested $100,000 and will
receive 1,000,000 restricted shares of NAUC.
Ike
Sutton, CEO of StarInvest Group, Inc stated, "Net2Auction
is a new addition to our Portfolio and has exceptional possibilities.
Based on its trading over the past week we see tremendous interest
and growth in this market segment. We welcome Net2 Auction to
our Portfolio."
Delmar
Janovec, Net2Auction President, commented, "Given our rapid
expansion and having opened additional locations so quickly,
Net2Auction is setting the stage as a leading national contender
in the auction drop-off business. We are positioning ourselves
to be the fastest growing company in our space in terms of opening
locations at a faster rate than any other company in the marketplace."
"With
an opportunity to tap into what is estimated to be a $30 billion
annual industry, and with the staggering number of people who
can't or don't want to sell items on eBay, we believe we are
targeting a market with immeasurable opportunity by offering
a simple five-minute eBay drop-off service," Janovec continued.
About
Net2Auction
Net2Auction
Inc. is a leading provider of auction drop-off services that
allow people to easily sell their items on eBay by dropping
unwanted goods off at Net2Auction locations. Getting its customers
in and out of its drop-off locations in less than five minutes,
the company offers a full-service eBay listing program that
requires almost no effort on the customers' part. Currently
undergoing rapid expansion, Net2Auction's growth is fueled by
the increasing number of consumers who would like to sell unwanted
goods on eBay but don't have the time, energy or know-how to
do so. For more information visit www.net2auction.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 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
SOURCE:
StarInvest Group, Inc.
CONTACT:mailto:ir@starinvestgroup.com
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Source: StarInvest Group, Inc.
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