FYI: Starnet Licenses Three More Internet Gaming Systems... Wednesday May 6, 9:02 am Eastern Time
Company Press Release
Starnet Licenses Three More Internet Gaming Systems
WILMINGTON, Del.--(BUSINESS WIRE)--May 6, 1998--Starnet Communications International Inc. (NASD OTC
BB:SNMM)(''Starnet'') is pleased to announce that it has licensed its customized Internet gaming systems to three new
international operators.
''We now have six Internet gaming system licensees, and are in discussions with additional parties,'' said Starnet's CEO
Mark Dohlen -- who noted that Starnet participates in the on-line wagering revenues generated by every Softec turn-key
Internet gaming system under license.
Internet Opportunity Antigua has obtained all necessary permits in the country of Venezuela to operate ''Players Only
Sportsbook and Casino'' (http://www.playersonly.com). The company's management has extensive experience in telephone
based sports wagering operations, which will now be leveraged onto the Internet. Featuring a ''Rock & Roll'' design theme,
the system offers virtual casino games such as Blackjack and Bingo, and a Sportsbook with a feed of real-time Las Vegas
odds on a variety of international sporting events.
Isis Enterprises Inc. will obtain all necessary permits in the country of Antigua to operate ''Casino of the Kings''
(http://www.i-casino.com). The company's management has extensive Internet marketing experience. Designed with an
''Ancient Egyptian'' theme, the system offers virtual casino games, a Sportsbook, a brokerage of international lottery tickets,
and simulcast Internet coverage of horseracing with pari-mutuel wagering (where legal).
Strawberry Fields Corp., whose management is experienced in global merchant transaction processing, will obtain all
permits necessary to operate its Softec-designed Internet gaming system in the country of Venezuela. This system will include
a casino, Sportsbook, lottery ticket brokerage and horseracing simulcast/pari-mutuel wagering (where legal) service. Still
under development, the company intends to operate its system under the name of ''Club Rio.''
Softec Systems Caribbean Inc. (http://www.softecsystems.com) is a wholly owned Starnet subsidiary based in Antigua,
which customizes and licenses turn-key Internet gaming systems to independent parties, in exchange for participation in the
licensees' revenues.
PC Computing magazine has estimated that the Internet gaming market could reach US $20 billion in annual revenues by the
turn of the century. ABC Nightline, a national news television show, has described Starnet as ''a reputable pioneer in Internet
gambling.''
Starnet (http://www.starnet.ca) is a fully reporting, publicly held interactive entertainment company, which identifies and
commercializes Internet technologies for established markets.
The statements in this press release may contain certain forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Exchange Act of 1934, and is subject to the safe harbor created by these
sections. Actual results may differ materially from Starnet's expectations.
Contact:
Starnet Communications International Inc.
Investor Relations, 888/777-6458 or 604/685-7619
Facsimile: 604/684-0391
E-Mail: ir@starnet.ca
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Later...Gator |
