New York, Mar 9, 2006 -- StarInvest Group, Inc. (
Symbol:
STIV:OB) announced
today that Robert H. Cole has joined the Board of Directors of STIV as an
independent Director. Mr. Cole is President and Founder of Permian
Business Group which was established in 1981, as a business consulting
company specializing in the sale and installation of computer solutions.
From 1970 to 1980, Mr. Cole was a Senior Analyst with Gulf Oil Company,
and in 1989 he became Chairman of Aplex Industries where he grew the
company from $3 to $8 million in sales, selling it in 1996 for $7.3
million. Mr. Cole founded Stadium Chair Company in 1999, and sold it in
2003 for $1.2 million with sales of $1.5 million.
Ike Sutton, CEO of StarInvest, commented, "Bob brings with him an
entrepreneurial spirit with distinct talents and insight to StarInvest's
business, as we continue to build our Portfolio and increase our
shareholder value. With Bob's wealth of experience in finance and
marketing, we look forward to his help in maximizing the potential of
StarInvest."
Mr. Cole holds a Bachelor's Degree in Electrical Engineering, a Masters
of Science in Computing Science from Texas A&M, and a MBA from Houston
Baptist University.
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.