NEW YORK, NY-Feb 28, 2006 -- StarInvest Group, Inc. (
Symbol:
STIV:OB), announced
today that the Board has approved a 2,000,000 common share buyback at a
price up to $0.10 per share. The shares bought will be returned to
Treasury. This action is a direct result of new financing arrangements,
and current market price at a significant discount to the Net Asset Value
(NAV). StarInvest is committed to shareholders value, and is focused in
recognizing investment opportunities as a Business Development Company.
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 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.