SOURCE: StarInvest Group

May 15, 2007 15:00 ET

StarInvest Group Portfolio Company Recognized as 8th Fastest-Growing Inner City Company

MIDLAND, TX -- (MARKET WIRE) -- May 15, 2007 -- StarInvest Group, Inc. (OTCBB: STIV) is pleased to announce that its portfolio company, Miscor Group, Ltd., was ranked #8 among the top 100 fastest-growing inner city companies based on its five-year revenue growth of $3.3 million in 2001 to $46.3 million 2005, an increase of 1,299 percent. This is the second consecutive year MISCOR has been ranked in the top 10 by the ICIC-100, coming in #3 in 2006 with a five-year revenue growth rate of 3,413 percent. MISCOR's track record of industry-leading growth has also been recognized with a spot on the Inc. 500 list of fastest-growing private companies in the country in 2004 and 2005.

StarInvest Group, Inc. currently holds two Convertible Debenture and 845,834 shares of common stock of Miscor in its portfolio.

This announcement does not constitute an offer to sell any security. An offer may be made only by means of a statutory prospectus.

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 Group was founded on the premise that the magnitude and consistency of investment returns can be significantly enhanced by combining both operational talent and financial talent within a single private equity investment firm. StarInvest Group 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.

About MISCOR

South Bend, Ind.-based MISCOR Group, Ltd. provides electrical and mechanical solutions to industrial, commercial and institutional customers through two segments: the repair, remanufacturing and manufacturing segment, which provides maintenance and repair services for industrial motors, generators and lifting magnets, and diesel engine component manufacturing, remanufacturing and repair services; and the engineering and construction services segment, which provides a wide range of electrical contracting services and engineering and repair services for electrical power distribution systems to industrial, commercial and institutional customers. MISCOR also provides on-site maintenance services along with custom and standardized industrial maintenance training programs. Formerly known as Magnetech Integrated Services Corp., MISCOR was ranked on the Inc. 500 in each of the last two years and has grown to more than 450 employees in 12 locations nationwide.

Contact Information

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