News release from SNMM
Tuesday September 14, 10:09 am Eastern Time
Company Press Release
Starnet Changes Name of Subsidiary, Launches Starnet Seal of Approval
ST. JOHNS, Antigua--(BUSINESS WIRE)--Sept. 14, 1999--Starnet Communications International Inc. (OTC BB:SNMM - news; ''Starnet'') is pleased to announce the name change of Softec Systems Caribbean Inc. to Starnet Systems International Inc. and the launch of the Starnet Seal of Approval, to be unveiled at the World Gaming Conference & Exposition 99, in Las Vegas, Nevada.
The name change is in line with Starnet's strategy to grow globally and leverages recognition of the parent company to support efforts to expand online gaming throughout Europe, Australia, Asia and the Americas. Starnet Systems will continue to maintain its headquarters in St. John's.
To further Starnet's goal of setting the standards and increasing the integrity of the online gaming industry, the company has developed the Starnet Seal of Approval to be awarded exclusively to licensees, indicating that the software used by licensees has passed inspection. The Seal will be aggressively marketed as a symbol of trust and credibility. Starnet is a proud member of the Interactive Gaming Council and is a sponsor of the Third Annual International Symposium on Internet Gambling Law and Management, www.bioconferences.com in London in November 1999.
Starnet will be holding a public conference call on Wednesday September 15, 1999 at 1:30pm P.S.T featuring CEO Mark Dohlen. Anyone wishing to participate in the call, please call toll free either 888/821-1888 or 888/832-0082 using access code 5555 (pound sign). Callers outside of the toll free calling area, please dial directly 780/460-5220 or 403/216-0900 using access code 5555 (pound sign). A playback of the conference call will be available after 2:00pm P.S.T. on September 15, 1999 by calling 800/408-3053 using access code 322086 (pound sign).
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 where it is traded on the Over-The-Counter market under the symbol ''SNM''.
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.
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