SOURCE: StarInvest Group, Inc.

June 20, 2005 12:58 ET

StarInvest Group, Inc. Portfolio Company, GoIP Signs Marketing Agreement With Center For Economic Research

NEW YORK, NY -- (MARKET WIRE) -- June 20, 2005 -- StarInvest Group, Inc. (OTC BB: STIV) today announced that following a successful trip to Uzbekistan made by Ike Sutton, CEO of StarInvest, and Miller Mays, President of GoIP Global Inc., a distribution agreement was signed with the Center For Economic Research to provide Satellite Broadband Internet service to active businesses, banks, and government organizations in Uzbekistan and Afghanistan. "This represents a promising immediate opportunity for GoIP and should generate over $5 million in business over the next three years," commented Mr. Mays. Mr. Sutton added, "The authority in Uzbekistan of the Center For Economic Research makes it an ideal partner for GoIP, as licensing remains the major obstacle in emerging markets."

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 http://www.goipglobal.com.

The Center For Economic Research (CER) is an independent non-profit research institution established in April 1999 by the Uzbekistan Office of the President with assistance from the United Nations Development Program. Structural components of the Center have been created and developed with assistance of international development institutions. The Center aims at providing policy advice to the Government of Uzbekistan and conducting research for other development institutions on key development issues; contributing to the national capacity building and raising public awareness of socio-economic issues. For more information, see http://www.cer.uz.

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 http://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.

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