Staruni Corporation Acquires Pego Systems, Inc.

LOS ANGELES--(BUSINESS WIRE)—Nov. 20, 2000--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 acquired Pego Systems, Inc., a leading distributor and developer of environmental-control and filtration systems, with revenues for 1999 exceeding $4 million. SRUN purchased 100% of the stock of Pego, a privately held concern, from Enova Holdings, Inc. The purchase was an exchange of stock with no cash involved.

Bruce Stuart, chief executive officer of Staruni, stated: ``We feel that by purchasing an “old economy” Company such as Pego, with significant revenues, we will add significant shareholder value to SRUN.” Pego Systems has been in business for twenty-seven years, having served customers such as Coca-Cola, Mobil Oil and other Fortune 500 Companies.

Staruni 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.