SOURCE: StarInvest Group, Inc.

August 12, 2009 15:00 ET

StarInvest Postpones Closing of EXX.com Acquisition

MIDLAND, TX--(Marketwire - August 12, 2009) - On Mar 31, 2009 StarInvest Group, Inc. (OTCBB: STIV) announced that it had entered into a Share Exchange Agreement with EXX.com ("EXX"). Pursuant to the terms of the Agreement, STIV agreed to acquire 100% of the issued and outstanding shares of common stock of EXX in exchange for the issuance of 82 million common shares of STIV. The acquisition was scheduled to close before June 30, 2009. On May 28th, 2009 STIV and EXX announced that the transaction had been completed. However, the inability of EXX to obtain the required audited financial information has postponed the closing of the transaction until the audited financials are received. Accordingly, the 82 million shares which were previously reported as being issued will be issued upon closing. The principals of EXX relinquishes all right, title and interest in and with respect to the shares until the financial audit is completed, shares are reissued, and the transaction is closed.

Robert H. Cole stated: "The main purpose of this press release is to reassure our shareholders as well as EXX that nothing has changed and that we intend to move forward with this acquisition as soon as possible. If anything, the recent announcements confirm our belief that EXX will offer a recurring revenue model for our shareholders."

About EXX.com

EXX (www.exx.com) is a privately held company specializing 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 from one program STP is enabled across all the financial networks.

About STARINVEST

StarInvest owns and operates a stock transfer agency through its wholly owned subsidiary My Transfer Agency, LLC ("MTA"). 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 of financial services offered by MTA (www.mytransferagent.com) creates a long term partnership with its clients. STIV continues to look for companies complimentary to their core focus in the financial markets.

Contact Information

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