> **************************************************************************
> Greetings to all Starnet shareholders, associates and visitors.
> Thank you for your continued interest and support!
> **************************************************************************
>
> A number of exciting events have transpired since our last
> News Update - events which have significantly increased
> Starnet's status as an Internet gaming leader.
> _______________MARCH 17/1998 STARNET NEWS UPDATE________________
> starnetc.com
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
>
> On March 24 we welcomed two new licensees of our turn-key
> Softec Internet gaming systems. Each operator has asked us
> to customize their system in order to target specific markets.
> ______________MARCH 24/1998 STARNET NEWS RELEASE________________
> starnetc.com
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
>
> Oz Gaming, an established telephone wagering enterprise from
> Antigua, will now take their clientele - and many more
> bettors - online, enabling them to take full benefit
> of the Internet.
> __________________________OZ GAMING____________________________
> ozgaming.com
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
>
> Jakarta International Casino, still under construction,
> is being developed to target Indonesian consumers.
> The system, translated into Indonesian, will feature that
> country's most popular game of chance - Baccarat!
> Starnet participates in the revenues generated from each
> Softec system under license; we now have three
> independent licensees, and are in discussions
> with an additional four serious prospects.
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
>
> Earlier this month we announced a new strategic Internet
> horseracing alliance with an old ally, the Ontario Jockey Club.
> The OJC will enter a Simulcast Agreement with our Internet gaming
> subsidiary World Gaming, which will now allow viewers outside
> North America to place wagers on live OJC horse races.
> Starnet and the OJC also entered into a Joint Venture in order
> to develop top-notch Internet pari-mutuel wagering software.
> Starnet will provide the Internet expertise, and the OJC
> will provide horseracing and pari-mutuel wagering wisdom.
> _______________________ONTARIO JOCKEY CLUB_____________________
> ojc.com
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
>
> On April 8 we also announced the election of Jack Carley
> as Starnet's new Chairman. Mr. Carley, our current CFO,
> has over 25 years of executive experience
> (particularly in the banking sector), with specialties in
> finance and administration. Mitch White, our prior Chairman,
> submitted his resignation to pursue an independent opportunity.
> ________________APRIL 8/1998 STARNET NEWS RELEASE______________
> starnetc.com
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
>
> The most exciting event since our last Update was Starnet's
> coverage on ABC Nightline on April 7, in which renowned
> journalist Ted Koppel investigated the burgeoning Internet
> gaming industry. Starnet was a featured Internet gaming operator
> and our CEO Mark Dohlen was quoted a number of times. Starnet
> was referred to as "a pioneer in Internet gambling." Furthermore,
> ABC said that "Dohlen's operation is reputable." Ted Koppel opened
> the story by stating that Internet gaming is "already a modestly
> thriving industry (that) promises to become huge."
> ______________________ABC NIGHTLINE TRANSCRIPT__________________
> starnetc.com
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
>
> On the home front, the month of March was significant in terms of
> traffic and wagering on our World Gaming site - a testimony to our
> on-line marketing innovations. Wagers accepted at World Gaming
> increased by 270% - in one month! Stay tuned for our next quarterly
> financial statement; we expect to show an improvement over
> the last 10QSB.
> ________________________STARNET SEC FILINGS_____________________
> starnet.ca
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
>
> World Gaming Version 2.5 software is in production and may be
> finished by the end of this month. It adds a variety of new
> Casino games to our repertoire, including: Craps, Texas Hold'em,
> Caribbean Stud, Vegas Solitaire, 4 new Slot Machines, Big 6 Wheel,
> European-style Roulette, Keno, Pulltabs, Scratch & Wins, Free Ride
> and Bottle Dice. Development of Version 3 will begin in mid-Year...
> "World Gaming 3D," with an amazing three-dimensional interface!
> _________________________WORLD GAMING___________________________
> worldgaming.net
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
>
> Starnet is at the forefront in delivering and creating aesthetic,
> interactive and user-friendly web sites resulting in an established
> daily audience of over 170,000 users. A recognized leader in the
> field of on-line entertainment, Starnet has an established traffic
> flow to its sites of over 6 million hits per day.
> Please feel free to contact us 888.777.6458 or if you would like
> you can email Alan Poole at alanp@starnet.ca
>
> *******STARNET AND SUBSIDIARIES*******
>
> ______Starnet Communications Intl. Inc._______
> starnetcommunications.com
>
> ____________EFS Caribbean Inc.________________
> starnet.ca
>
> _____________Softec Caribbean Inc.____________
> softecsystems.com
>
> ________________World Gaming__________________
> worldgaming.net |
