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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook

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To: Mephistopheles who wrote (611)	8/27/1998 11:59:00 AM
From: Peder E. Angvall	Read Replies (1) of 8858

Just a WAG, but maybe it was the 200,000 block we saw earlier. FYI, I just got my Starnet investor's package today and there is a summary of financials (dated August 98), etc that has a few interesting points: 1. It says that World gaming has been averaging net revenues (wagers-payouts) of $3000/day and has had several $5000 days. This equates to about $270k per quarter. I know we have all been guessing how much they are currently making and now we know. 2. Starnet receives 17% of all bets on live racing. 3. Of the $100,000 gaming license, Starnet gets $50,000 upfront and the other $50k goes into escrow. After the customer is setup and ready to go (about 2 months), Starnet gets the other $50k. 4. Sizzle & Chisel have about 15,000 subscribers, which generates about $3,200,000 per year in revenue ($800k per quarter). 5. 12 licensees on board now and they are estimating 2 new licensees per month for a total of 20 at the end of the calendar year. 6. licensees rev(monthly) % to Starnet 0-100k 40% 100k-250k 35% 250k-500k 30% 500k-1000k 25% 1000k-5000k 20% 5000k-10000k 15% 10000k-oo (infinity) 10% Seems like Starnet has a pretty sweet deal. PA

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