SOURCE: StarInvest Group, Inc.

June 23, 2005 09:00 ET

StarInvest Declares Stock Dividend

2 StarInvest Companies to Be Merged

NEW YORK, NY -- (MARKET WIRE) -- June 23, 2005 -- StarInvest Group, Inc. (OTC BB: STIV) today announced that on June 20, 2005, the Board of Directors of StarInvest Group decided a Stock Dividend Distribution of one (1) share of GoIP Global Inc., a STIV Portfolio Company, for every two (2) Common Shares of StarInvest Group to all STIV Shareholders of Record as of June 30, 2005.

This dividend is a result of the merger between E Education Network, Inc., a StarInvest Public Portfolio Company, and GoIP Global Inc., another StarInvest Portfolio Company. This merger gives StarInvest a 70% interest in the merger entity with approximately 14,000,000 shares. The declared dividend will distribute approximately 6,500,000 shares (32% of the company), leaving StarInvest with 7,500,000 shares, (approximately 37.5% of the Company).

GoIP Global Inc. will be the survivor Company. The name change and new cusip number will be effective in July, 2005. In addition, GoIP will apply for a stock symbol and will seek trading status on the Pink Sheets Market.

GoIP is a New York-based company, a portfolio company of StarInvest Group, and is a Value Added Distributor of Hughes Network Systems in emerging markets. GoIP provides Satellite Broadband Internet connectivity and VoIP services to areas lacking terrestrial connectivity. For more information see www.goipglobal.com.

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 see www.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 StarInvest Group, Inc.
    Blue Future Inc.
    Barbara Manui
    (212) 423-0407
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