"Starnet Announces First Land-Based Casino Licensee and First Latin American Market Licensee" !!!
"Victor Chandler's Casino Riviera and Latin American Entertainment Select
Starnet
ST. JOHNS, Antigua--(BUSINESS WIRE)--Sept. 12, 2000--Starnet Communications International Inc. (OTC-BB: ``SNMM'')
(``Starnet''), an online provider of interactive media and information systems and a recognized leader in Internet gaming, announced
today that its wholly-owned subsidiary, Starnet Systems International Inc. (``Starnet Systems'') has entered into agreements to license
its proprietary Internet gaming technologies to Casino Riviera in Antigua, a land-based casino owned by Victor Chandler, one of the
world's largest gaming companies, and Latin American Entertainment, an Internet marketing group based in Mexico City that targets
Spanish speakers and intends to build the largest Latin American gaming portal where it will feature popular Mexican division one
soccer leagues.
In accordance with these agreements, Starnet will provide Casino Riviera and Latin American Entertainment with an Internet casino
and sportsbook. Pari-mutuel wagering and lottery capabilities will also be provided, once available.
Martin Mullally, vice president, strategic planning, said, ``These are two significant additions to our licensee base. By providing
content to land-based casinos, we are building a new distribution channel for our products and services. By building a relationship
with Latin American Entertainment, we are extending our reach into the lucrative sports wagering markets in Latin America. These
agreements demonstrate our ability to tap into what we believe will be lucrative markets: land-based casinos seeking to expand their
markets by building complementary online venues, and Latin American-based Internet ventures adding I-gaming offerings.''
Mullally continued, ``Our selection by Casino Riviera and Latin American Entertainment indicates the quality and breadth of our
current and coming products and services. We will continue to execute on our business plan and look forward to strong international
growth going forward. We believe Starnet offers the best, most comprehensive software suite on the market. The online gaming
market has long recognized this. Now the land-based casinos and Latin American markets are also beginning to appreciate the
benefits and quality of Starnet products. Starnet is well positioned to capitalize on growth in these markets and we are excited about
their potential.''
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, lotteries, 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 information on licensing opportunities, please www.snmm.com or www.starnetsystems.net or email
sales@starnetsystems.net.
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''.
The Wall Street Journal described Starnet as ``one of the established leaders in Internet gaming and entertainment''.
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.
Contact:
Starnet Communications International Inc.
Carey Nelson, Investor Relations Manager
604/608-1818
Rob Grace, Investor Relations Manager
604/608-8733
North American Toll: 888/883-0833
ir@snmm.com
or
Ogilvy Public Relations Worldwide
Brad Miller
212/880-5345"
(Source: biz.yahoo.com )
You have got to like it :-)
Later...Gator
BTW, Sorry if this ends up as a multi post, SI is presently having server/network problems!!! |
