(BSNS WIRE) Starnet Welcomes Stack-Em Holdings Ltd. and Glen Eagles Hold
Starnet Welcomes Stack-Em Holdings Ltd. and Glen Eagles Holdings Inc. as Newest
Licensees
Business Editors and High-Tech Writers
WILMINGTON, Del.--(BUSINESS WIRE)--July 20, 1999--Starnet
Communications International Inc. (NASD OTC-BB:SNMM) ("Starnet") is
pleased to announce that its wholly owned subsidiary, Softec Systems
Caribbean Inc. ("Softec") has entered into agreements to license its
proprietary Internet gaming technologies to Stack-Em Holdings Inc.
("Stack-Em Holdings") and Glen Eagles Holdings Inc. ("Glen Eagles").
Softec Systems Caribbean Inc. (www.softecsystems.com) is a wholly
owned Starnet subsidiary based in Antigua, which licenses Starnet's
"proprietary" Internet gaming technologies to independent operators.
Stack-Em Holdings and Glen Eagles will be supplied with a customized,
integrated Internet gaming system, including virtual Casino games, a
Sportsbook with real-time odds feed from Las Vegas and Europe, and
simulcast horse and dog racing (no wagers taken at this time). The
licensee's customers will be able to place wagers via a secure online
financial transaction system.
Starnet would also like to announce that the following licensees
have been granted their gaming licenses from the Government of Antigua
and will start implementing the Softec system via the following web
sites for real-money wagering. All Seasons Entertainment Inc.,
www.marscasino.com, Axxis Investments Inc.,
www.whitebuffalocasino.com, EuroAsian E-Casinos International Inc.,
www.asiacasino.com, Kodiak Enterprises Inc., www.virtualwagering.com,
Umax Investments Inc., www.sportingcasino.com and Atlantic West Gaming
Entertainment Ltd. at www.wincitycasino.com.
The Wall Street Journal described Starnet as "one of the
established leaders in Internet gaming and entertainment." IGWB
Magazine described Starnet as "the Home Shopping Network of Gambling."
Starnet is a leading developer and producer of Internet
technologies for gaming applications. For more information, please
visit www.snmm.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained herein which are not
historical fact are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements,
including, but not limited to, certain delays in testing and
evaluation of products and other risks detailed from time to time in
Starnet's filings with the Securities & Exchange Commission.
--30--rb/sf* jsj/crd/sf
CONTACT: Starnet Communications International Inc.
Carey Nelson, 604/608-6034
ir@snmm.com
or
M&A West Inc. (Investor Relations)
Jack Rosenberg, 650/588-2678
www.mawest.com
KEYWORD: DELAWARE
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
INTERACTIVE/MULTIMEDIA/INTERNET ENTERTAINMENT
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