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StarInvest's Portfolio Company " Miscor" Files S-1 Registration Statement

StarInvest Group, Inc. (OTC BB: STIV) announced that its portfolio company Miscor Group, Ltd., formerly known as Magnetech Integrated Services, Inc, has filed an S-1 registration statement with the Securities and Exchange Commission. StarInvest, which funded Miscor $800,000 in March 2005, is holding a Convertible Debenture and warrants. For more information on Miscor's S-1 filing see the following www.sec.gov/Archives/edgar/data/1295503/000090883405000666/s1.htm

Miscor provides electrical and mechanical solutions to industrial, commercial and institutional customers. For the six months ending June 26, 2005 revenues increased by $7.2 million or 55% to $20.2 million in 2005 from $13 million in 2004. Miscor's largest customers include International Steel Group, Marathon Ashland Petroleum, CSX Transportation, USS Corporation and Union Pacific Railroad.

About Miscor Group, Ltd.:

Formerly known as Magnetech Integrated Services Corp, the goal is to build a "Best-in-Class" industrial services company to provide innovative and integrated solutions. The company operates with five primary Business Groups and four Centers of Excellence. The Business Groups are the Motor Group, Power Systems Group, Power Generation Group and the Field Services Group. The Centers of Excellence are Education and Training, MagnetTrac Asset Management, Predictive and Preventative Maintenance, and Reliability Centered Maintenance. For more information visit www.magnetech.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 visit 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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