Re: 7/10/00 - [SNMM] Starnet Obtains Judgment Against Claude Levy and Gambling Magazine
Starnet Obtains Judgment Against Claude Levy and Gambling Magazine
ST. JOHNS, Antigua, Jul 10, 2000 (BUSINESS WIRE) -- Starnet Communications International Inc. (OTC-BB: "SNMM" chart, msgs) ("Starnet"), an online provider of interactive media and information systems and a recognized leader in Internet gaming, today announced that the Commercial Court in Mons, Belgium (where Mr. Levy apparently resides) has, in the party's absence, entered a default judgment against Claude Levy, Gambling Magazine and Starnet News. The judgment orders Levy, Gambling Magazine and Starnet News to cease using the name Starnet or any other name resembling Starnet, and to cease making defamatory accusations against Starnet on the Internet. Any violation of these orders will result in a penalty of 100,000 BF per day as of the date of notification of the judgment. The Court also ordered Mr. Levy to publish the judgment on the Gambling Magazine and Starnet News Websites' homepages for an uninterrupted period of fifteen days as of the date of notification of the judgment. Any violation of this order will also carry a penalty of 100,000 BF per day as of the date of notification of the judgment. Finally, the Court has granted Starnet the right to publish the judgment at Mr. Levy's expense in any two newspapers or trade magazines.
Meldon Ellis, president and chief executive officer of Starnet, said, "We are very pleased with the Court's decision and believe it reflects the high quality and integrity of Starnet's operations and all Starnet employees. We remain extremely confident in our litigation strategy and legal team representing Starnet and we will continue to work methodically through each of the legal issues the company faces."
About Starnet
Starnet is a leading developer and producer of Internet technologies for gaming applications. Products currently offered and under development comprise a full suite of gaming products, including casinos, sports betting, bingo, lotto, and horse racing. Games are available in a number of different formats including Java, C++, and HTML and comprehensive marketing support software is also provided. For more information, please visit www.snmm.com or email sales@starnetsystems.net.
Starnet is a fully reporting US (Delaware) corporation, which currently trades on the National Association of Security Dealers ("NASD") Over-The-Counter Bulletin Board. The company began 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".
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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Contact:
Starnet Communications International Inc.
Carey Nelson, Investor Relations Manager
Ph: (604) 608-1818 Fax: (604) 608-6163
Rob Grace, Investor Relations Manager
Ph: (604) 608-8733 Fax: (604) 608-6163
North American Toll - 1-888-883-0833
Outside N. America - 800-883-88338
Email - ir@snmm.com
or
Ogilvy Public Relations Worldwide
Brad Miller
Ph: (212) 880-5345
siliconinvestor.com
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The Starnet News website may be viewed at:
starnetnews.com |
