Great Late News: "STARNET ANNOUNCES TWO NEW LICENSEES
Starnet Systems Enters Agreements with Casino Networks and Bet Racer
St. Johns, Antigua, January 16, 2001 - 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, Starnet Systems International Inc. ("Starnet Systems") has entered into agreements
with two new licensees.
Starnet Systems will license its proprietary Beyond2000 Internet gaming software to Casino
Networks Ltd. ("Casino Networks"), an Internet marketing group with over five years experience
in the Internet entertainment field. In a separate agreement, Starnet Systems will license
its Pari-Mutuel wagering interface to Bet Racer Network, Inc., ("Bet Racer") a company
focusing solely on racing-related activities.
In accordance with the agreements, Starnet will provide Casino Networks with a full Internet
casino, sportsbook and Pari-Mutuel interface. Starnet's Internet casino includes a diverse
array of gaming environments and culturally specific games such as Pai Gow poker that will
enhance Casino Networks' efforts in targeting multiple international markets. Casino Networks
possesses several key gaming-related domain names, including www.casino.net ,
www.toplottery.com and www.pokergames.com, which the company intends to develop and leverage
in order to maximize exposure for its gaming operations.
Bet Racer will be provided with Starnet's cutting-edge Pari-Mutuel wagering interface, which
will grant Bet Racer customers instant access to real-time betting lines and secure online
transactions with fast payouts. Bet Racer intends to build on an extensive background in
media and advertising campaigns to create a successful business platform and a dynamic
interactive experience for the end user.
Fred Hazell, interim President and Chief Executive Officer of Starnet, said "As the
interactive gaming industry matures, we expect to see increased specialization in various
market segments. Bet Racer's strategy of concentrating solely on racing-related activities is
consistent with this process of market maturation. Starnet's diverse suite of I-gaming
products will enable us to capitalize on the continuing emergence of these niche plays. "
Hazell continued "Casino Networks and Bet Racer are valuable additions to our licensee group.
The agreements with these new licensees are consistent with Starnet's strategy of focusing on
core business development, and improving our financial performance by targeting licensees with
strong business offerings."
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, offers 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 in a variety of languages. 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 U.S. (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".
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
Ph: (212) 884-4036
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, shareholder approval of the proposal to
reorganize into a new holding company incorporated in the U.K., regulation of the online
gaming industry, 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.
Thank you."
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