SOURCE: StarInvest Group, Inc.

October 25, 2005 08:30 ET

ABA Announces 2006 Expansion Team for Brooklyn, NY

NEW YORK, NY -- (MARKET WIRE) -- October 25, 2005 -- StarInvest Group, Inc. (OTC BB: STIV) today announced it has reserved Brooklyn, NY, for an ABA expansion team to begin playing in November, 2006.

Ike Sutton, CEO of StarInvest, commented, "This opportunity enables our company to build a brand, be involved in the sports and entertainment industry and will bring a pro basketball team to 2,500,000 Brooklyn fans."

Joe Newman, ABA CEO, added, "We are extremely pleased to have Mr. Sutton and his company as part of the ABA. We really think that the citizens of Brooklyn will take to the team with its uptempo style of play, its fan-friendly approach and affordable prices. Actually, we never understood why the Brooklyn Dodgers left Brooklyn; their fans were legend -- loyal and dedicated. While we can't replace the 'Bums,' we can certainly create a new era of professional sports in this great NY borough."

About the American Basketball Association:

The new American Basketball Association (ABA) was formed in 1999, and has experienced tremendous growth in the 2004-2005 Season, with more than 30 teams competing for the ABA Championship. The ABA currently has 48 teams competing in the 2005-2006 Season with an expected audience of over 3,000,000 fans. The ABA is focusing on family-oriented, affordable entertainment and is projected to have 100 teams for the 2006 Season. For more information see: www.abalive.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 visit www.starinvestgroup.com, call (212) 514-6600, or e-mail aba@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.

Contact Information

  • Contact for StarInvestGroup, Inc.:
    Blue Future Inc.
    Barbara Manui
    (212) 423-0407
    Email Contact.