SOURCE: StarInvest Group, Inc.

June 09, 2008 08:00 ET

StarInvest Adds CrownButte Wind Power Inc. to Its Portfolio

MIDLAND, TX--(Marketwire - June 9, 2008) - StarInvest Group, Inc. (OTCBB: STIV) today announced a strategic alliance and investment into CrownButte Wind Power Inc. (CrownButte).

CrownButte is a wind power development company in the upper mid-west that provides solutions from the site selection, construction of the erected towers, maintenance, and plans for the eventual ownership of wind parks throughout the mid-west. The company has been established for six years, with a seasoned management team that has been in the alternative energy sector for thirteen years. In cooperation with East River Power Cooperative and Basin Electric, CrownButte developed the first utility scale wind facility in either of the Dakotas. In addition to operations and maintenance services, CrownButte offers expertise through consulting contracts on wind development in four states. With the potential in the alternative energy space, we see tremendous opportunity with this company.

Robert H. Cole, CEO of StarInvest Group, Inc., stated, "We are extremely honored that we have the opportunity to invest in a great small private company like CrownButte. Their staff is able to provide site analysis, assist clients in the selection of the appropriate turbine, conduct geotechnical survey, install towers, and offer maintenance and warranty by dealing directly with the manufactures. In other words CrownButte does it all." Also Mr. Cole added, "It is not a secret that they are in the right industry, at the right time and we intend to assist the company to implement its growth strategy by tapping our valuable resources."

About StarInvest -- StarInvest Group is a Business Development Company (BDC) located in Texas. BDCs are publicly traded, closed-end investment companies regulated by the Investment Company Act of 1940. 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.

Contact Information

  • Contact:
    Robert Cole
    StarInvest Group, Inc.
    432.682.8373
    Email Contact