New York, Mar 1, 2006 -- StarInvest Group, Inc. (
Symbol:
STIV:OB), announced
today that the stock dividend distribution date for the 850,000 shares of
Rep Retail E-Promotion, to StarInvest Shareholders of Record as of
February 15, 2006, as indicated in its Press Release of January 31, 2006,
has been changed to March 10, 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.