Staruni Corporation Announces Sale of Pego Systems, Inc.

LOS ANGELES--(BUSINESS WIRE)--March 1, 2001--Staruni Corp. (OTCBB:SRUN - news), an Internet Service Provider and Web Developer of e-commerce sites and solutions and e-service Internet companies, today announced that it has sold its 100% interest of Pego Systems, Inc. to Embro Investments, a BVI Corporation with principal offices located in Hong Kong.

The sale price is a note for $1.5 million.

Staruni, in a separate agreement with Embro, will continue providing management services for the continuing administration of Pego Systems, Inc.

Staruni purchased its interest in Pego from Enova Holdings, Inc. in November 2000.

Staruni Corporation provides Internet access and e-commerce solutions to both individual and business users. The Company recently expanded from a local Southern California service provider to a national ISP. Staruni also operates iBargain.com, an Internet storefront, selling electronics, watches and other items.

This news release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve risks and uncertainties. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.