SOURCE: StarInvest Group, Inc.

June 19, 2009 14:56 ET

StarInvest Announces Letter of Intent to Purchase Florida Atlantic Stock Transfer

MIDLAND, TX--(Marketwire - June 19, 2009) - StarInvest Group, Inc (OTCBB: STIV) is pleased to announce that it has signed a Letter of Intent to acquire Florida Atlantic Stock Transfer (FAST). FAST is a long standing stock transfer agent with a solid customer base, and represents a new exciting development in our strategy to become the leading financial services company in the small cap market. STIV believes that its ability to vertically integrate the customers of FAST into its full service transfer agent model will dramatically expand recurring revenue, thus adding value for our shareholders.

Leon Urbaitel, CEO of My Transfer Agent, says, "I am extremely excited about this acquisition and the opportunity to offer our additional services to the current clients of FAST. This will clearly be a win-win transaction for both companies, and our customers."

About STARINVEST

StarInvest owns and operates two subsidiaries: My Transfer Agency, LLC ("MTA") a stock transfer agency and EXX.COM, LLC ("EXX"), a trading/clearing software company.

MTA's seasoned management has been working for over 30 years with large established corporations as well as small emerging businesses, coupling today's technology with a personal touch, offering the convenience of a 24/7 online access through the security of a Full Web Encryption, as well as, a qualified and professional customer service. A full menu for financial services to MTA (www.mytransferagent.com) customers creates a long term partnership with its clients.

EXX specializes in providing connectivity and software solutions to small and medium sized stock brokerage, arbitrage, investment banking firms, and Hedge Funds in major American markets. EXX's vision is to build autonomous, efficient, reliable and cost effective trading platforms in order to achieve Straight Through Processing (STP) in the financial industry. The company's main business is customizing proprietary platforms so from one program STP is enabled across all the financial networks.

Contact Information

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