StarInvest Completes the Closing on the EXX.COM Transaction
MIDLAND, TX--(Marketwire - October 16, 2009) - Star Invest Group, Inc (OTCBB: STIV) is proud to announce the completion of the acquisition of EXX.COM ("EXX"). Pursuant to the terms of the Share Exchange Agreement dated March 31, 2009, STIV has issued 82 million shares in exchange for the purchase of all of the outstanding membership interest of EXX.COM, LLC.
EXX's CEO James Dovico stated: "We are more excited than ever about this merger and the synergies it will unleash. I am confident that together we will be able to lower our operating costs while increasing our revenues and our customer base."
EXX's CTO Douglas Carter stated: "This partnership will allow our products to be funded to get to the next level of professional integration. New products, new innovation equals new sources of revenue."
STIV's CEO Robert H. Cole stated: "I am very pleased we were able to complete this strategic acquisition and we will continue to implement our strategy to aggregate similar business models under one roof in order to achieve a cost effective platform to operate from."
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.
About EXX.COM
EXX was a privately held company specialized 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 so from one program STP is enabled across all the financial networks.
