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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook
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To: DuckMucker who wrote (6098)8/23/1999 2:13:00 PM
From: Techplayer  Read Replies (1) of 8858
 
Duckmucker, I do agree with your statement. btw, my info about the porn sites was premature... Starnet Officially Accepting Tenders for the Sale of Entertainment Division

August 23, 1999 01:40 PM
WILMINGTON, Del.--(BUSINESS WIRE)--Aug. 23, 1999--Starnet Communications International Inc. SNMM ("Starnet") is pleased to announce that its wholly owned subsidiary, Starnet Communications Canada Inc. is now accepting offers for the purchase and the sale of the assets comprising its entertainment division.

This will include the flagship sites, www.sizzle.com and www.chisel.com, as well as 9 other revenue generating sites and approximately 50 other promotional sites. Since the commencement of operations in 1995, Starnet has emerged as one of the leading providers of entertainment services via the Internet. This divesture will allow Starnet to focus all available resources on the further development of its core Internet gaming businesses

Starnet intends to proceed with the sale through an auction process. Starnet intends to have the sale documented within 30 days.

Please contact Mr. Scott Carley at ph: 604/608-2267, fax: 604/684-0391 or via email at scottc@starnetc.com for further details.

Starnet is a fully reporting US (Delaware) corporation which is currently listed on the National Association of Security Dealers ("NASD") Over-The-Counter Bulletin Board and commenced trading in September of 1997 under the symbol "SNMM". Starnet is also listed on the Berlin Stock Exchange ("Berlin") and is publicly traded on Over-The-Counter market under the symbol "SNM".

The Wall Street Journal has described Starnet as "one of the established leaders in Internet gaming and entertainment".

Starnet is an Internet software, technology and service company which commercializes on-line applications for established markets. 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 fillings with the Securities & Exchange Commission.

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