No competition? And did you notice that the GLOw beta site is only in english? And they are not going to do business in the USA? Everyone in the rest of the world does not speak english!
STARNET ANNOUNCES FOUR NEW INTERNET GAMING LICENSEES
Wilmington, DE, July 24, 1998 - Starnet Communications International Inc. (NASD OTC-BB: "SNMM") ("Starnet") is pleased to announce that it has licensed Softec Internet gaming systems to four independent operators.
Aztec Gaming Inc., a private investment company based in Venezuela, has licensed a Softec Internet gaming system which is fully operational at aztecgaming.com
Acorn Development Group LLC has licensed a Softec system which is being marketed overseas at superbet.com
Global Interactive Ltd., a private Internet marketing company based in St. Kitts, has licensed a Softec Internet gaming system which will be operated at classiccasino.com
Las Vegas Casino Inc., a Panama based Internet gaming company which currently operates fifteen Internet casinos, will leverage its Softec Internet gaming technologies onto internationally marketed web sites such as lasvegascasino.com
These four licensees will each be provided with a customized, turn-key Internet gaming system, which features products such as virtual Casino games, a Sportsbook with real-time odds fed from Las Vegas and Europe, a virtual Bingo hall and international lottery ticket brokerage. The licensees' customers can place wagers via the Internet using a secure financial transaction system.
Softec Systems Caribbean Inc. (http://www.softecsystems.com) is a wholly owned Starnet subsidiary, which licenses its Internet gaming technologies to independent operators in exchange for participation in the licensees' revenues. Softec now has ten licensees.
The Financial Times has estimated that the Internet gaming market will yield annual net earnings of US $10.2 billion by the year 2002. Forbes magazine has described Starnet as "the Microsoft of casino software vendors."
Starnet is a fully reporting, publicly held company, which identifies and commercializes Internet Technologies for established entertainment markets.
For further information, please contact Starnet Investor Relations:
Alan Poole, Laurie Dunn, Toma Sojonky (Media)
(888) 777-6458 (604) 685-7619
www.SNMM.com ir@SNMM.com
|
