Starnet Announces New Pari-Mutuel Track Signings; CEO Comments On Recent Market Activity...
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Starnet Announces New Pari-Mutuel Track
Signings; CEO Comments On Recent Market
Activity
Business Wire - Tuesday, November 21, 2000
ST. JOHNS, Antigua, Nov 21, 2000 (BUSINESS WIRE) -- Starnet Communications International Inc.
(OTC-BB: "SNMM")("Starnet"), a leading provider of interactive media and information systems for
companies engaged in the internet gaming industry today announced that its wholly owned subsidiary, World
Gaming Services Inc. (www.worldgaming.com) has entered into a simulcast agreement with Lebanon
Raceway (www.thelebanonraceway.com).
Lebanon Raceway, located in Lebanon, OH, is known as the "Cradle of Drivers." John Carlo, Director of Simulcasting
for Lebanon Raceway said, "We are excited about the expanded exposure. This is the first time in 50 years of racing
we have put up our signal and we say the more the merrier. Anytime you can bring new money into the pools, the
better it is for everyone."
Starnet further announced that World Gaming has re-signed two existing partner tracks, Northfield Park and Delta
Downs, to new simulcast agreements for their 2000-2001 meets. These signings bring the total number of tracks now
under contract with World Gaming to eight (8). They are: Dania Jai-alai; Delta Downs; Lebanon Park; Monticello
Raceway; Northfield Park; Ocean Downs; Phoenix Greyhound Park; and Tucson Greyhound Park.
Interim CEO and President Fred Hazell also commented on recent fluctuations in Starnet's share price. Hazell said
"The Company is not aware of any new developments which would account for the recent change in share price. We
are continuing to execute strategic partnerships, such as this agreement with Lebanon Raceway, and our recently
announced agreements with Panix Promotions and Poker.com. Our Beyond 2000 software roll-out is proceeding, as
exemplified by the recent Pari-Mutuel wagering module launch. Our CEO search is proceeding, and we have already
interviewed a number of good quality candidates. Revenues are growing, ongoing business operations are thriving,
and we are projecting our overall financial position for the current quarter to show improvement over last quarter."
Hazell continued "The company is positioning itself to successfully capitalize on the burgeoning global I-gaming
market and we are aggressively pursuing the opportunities that market represents. In light of these factors, it is my
personal opinion that the current price of Starnet's stock simply does not reflect the value of our ongoing concerns."
About Starnet
Starnet is a leading developer and producer of Internet technologies for gaming applications. The company's new
software, Beyond2000, which began a phased launch in August, 2000, will offer 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 an SEC reporting US (Delaware) corporation, which currently trades on the Over-The-Counter Bulletin
Board. The company began trading in September of 1997 under the symbol "SNMM". Starnet is also listed on the
Berlin and Frankfurt Stock Exchanges 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. We assume no responsibility for the accuracy and completeness of these
statements and are under no duty to update any of the forward-looking statements contained herein to conform these
statements to actual results. This is not an offer to sell or a solicitation of an offer to purchase any securities.
CONTACT: Starnet Communications International Inc.
Rob Grace, Investor Relations Manager
Ph: 604/608-2255
Fax: 604/639-9339
North American Toll Free: 1-888-883-0833
Email: ir@snmm.com
or
Ogilvy Public Relations Worldwide
Amy Mumma, 212/884-4036
URL: businesswire.com
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