STARINVEST ADDS VUICO TO ITS PORTFOLIO
NEW YORK, NY -- (MARKET WIRE) -- 10/04/2005 -- StarInvest Group, Inc. (OTC BB: STIV) today announced the addition of Vuico to their Portfolio. Vuico, a private Company, headquartered in Houston, Texas, is a software middleware development Company for the mobile wireless industry. Vuico licensed its technology from NTT Software of Japan, which is also a shareholder. NTT Software Corporation, an established leader in the wireless industry, provides a base of technology to Vuico, thus enabling Vuico to bring Japanese advanced applications to the U.S. mobile wireless industry.
Ike Sutton, CEO of StarInvest Group, Inc. stated, "We are very pleased to add Vuico to our Portfolio. We will work with Vuico to market its technology and increase its value. In doing so, it will also increase the value of our other Portfolio companies." Mr. Sutton added, "Vuico''s recent Strategic Alliance with the American Basketball Association places Vuico in a position to receive income on a recurring basis from media revenues as opposed to software revenue only. This model will be aggressively marketed due to the sharp growth of advertising demand in the wireless industry."
About Vuico, LLC
Vuico, is a global, wireless computing software company enabling customers to use the full capability of today''s mobile cellular devices. Vuico delivers content to a broad array of mobile devices running its GoWireless™ applications anywhere, in real time, at the lowest cost and in a variety of languages. Vuico focuses on continuous innovation to improve the user''s mobile experience and to allow the mobile industry around the world to offer differentiated services to their customers. For more information about Vuico''s products, solutions, and services, visit its Web site at www.vuico.com.
About StarInvest Group, Inc.
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.
For more information about Vuico, visit www.vuico.com
Houston Technology Center
Houston Technology Center (HTC) is a business accelerator that assists Houston-based emerging technology companies in key sectors such as: Energy, Information Technology, Life Sciences, Nanotechnology and NASA-originated technologies. See www.houstontech.org for more information.