StarInvest Quarterly Results Show Exceptional Growth
Management Reaffirms Its Strategy for Dividend Distribution

NEW YORK, NY, May 11, 2005 (MARKET WIRE via COMTEX) -- StarInvest Group, Inc. (OTC BB: STIV) announced today that they have filed their March 31, 2005 Quarterly Report. Financial Highlights of this report shows that as of March 31, 2005:

Total Assets:        $2,507,602

Total Liabilities:   $   709,619

Shareholder Equity: $1,797,983

Based on 23,295,958 fully diluted shares outstanding, a Net Asset Value per Share of $0.08 per share has been calculated. As of March 31, 2005, StarInvest has invested approximately $1.9 million in 11 portfolio companies.

Ike H Sutton, CEO of StarInvest Group, Inc., commented, "Our investment objective is to maximize our portfolio's total return by investing in the debt and/or equity securities of technology-related companies. We are committed to providing our stockholders with current income on investments in debt securities and long-term capital growth through the appreciation in the value of warrants or other equity instruments that we may receive when we make debt investments or equity investments. A Board of Directors meeting is set for May to decide on quarterly dividends. As a BDC our objective is to pay quarterly dividends in cash or in shares of our portfolio companies."

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:
Blue Future Inc.
Barbara Manui
212-423-0407
ir@starinvestgroup.com

SOURCE: StarInvest Group, Inc.
CONTACT: mailto:ir@starinvestgroup.com

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SUBJECT CODE:      Financial Services:Investment Services and Trading

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Source: StarInvest Group, Inc.