In this paper we introduce StarZip, a multi-corpora lossless text compression utility which incorporates StarNT, our newly proposed transform algorithm. StarNT is a dictionary-based fast lossless text transform algorithm which utilizes ternary search tree to expedite transform encoding. For large files, viz. 400 Kbytes or more, our experiments show that the compression time is no worse than those obtained by bzip2 and gzip, and much faster than PPMD. However, if the file size is small, our algorithm is 28.1% and