M_Power, Thanks again, SNMM just keeps growing and growing...for those that may be new to Starnet I am posting their URL to assist you in your research: starnetcommunications.com
I also like the fact that they are, and will continue to generate increasing profits, without US wagers being accepted...
Man, that's one big daily gate at the latest horse track!!! Bullish on SNMM...
Later...Gator
FYI for those new folks that may have an interest:
(From a recent SNMM E-mail)
>>
The following is a corporate summary. Should you require further information please do not hesitate to make direct contact with Starnet's investor relations department. Contact information is given below.
STARNET COMMUNICATIONS INTERNATIONAL (NASD OTC-BB: SNMM)
BACKGROUND
Starnet was founded in May 1995 as an Internet content developer and broadcaster to focus on revenue-producing niches on the Internet. Starnet is now a recognized leader in the field of on-line entertainment which has been a major driving force behind creating innovative technologies and building the structure of the Internet. The company increased revenues by over 100 263517892n the full fiscal year ended April 1997, generating substantial cash flow that has been re-invested into continued development and expansion of its Internet gaming project: World Gaming Services Inc..
CORPORATE OVERVIEW
Starnet Communications International Inc. (NASD OTC-BB: SNMM) develops, markets, broadcasts and manages advanced on-line interactive media and information systems through its subsidiaries. The company uses cutting-edge video, audio, film, animation, graphics and multi-media to create entertaining products and environments for its customers and other users. Utilizing its proprietary software, STAR-MX, Starnet conducts secure real-time credit card transactions on-line. This software was the first to be certified by a Canadian chartered bank, the Bank of Montreal. Starnet also possesses proprietary database management hardware and software systems that afford a further competitive edge in servicing its client base.
Starnet is leveraging its strong on-line marketing position into Internet gaming using its established traffic flow averaging over 6 million hits per day. With a proven ability to create and market profitable Internet sites, Starnet possesses the necessary expertise to generate exceptional revenue growth from the Internet gaming market. Total on-line wagers from Starnet's target markets of Europe and Asia have been projected by International Gaming & Wagering Business magazine to grow to US $13.2 billion by 1998.
INTERNET GAMING
World Gaming Services Inc. (worldgaming.net), a wholly-owned subsidiary of Starnet Communications International Inc., is licensed for gaming activities in Antigua, West Indies. The site targets the European and Asian markets with culture-specific games and text translation into six different languages. The first three of the following gaming sites are fully operational and accepting real-money wagers as of October 1997:
World Casino (worldgaming.net) offers interactive casino-style games developed in accordance with Nevada State Gaming Commission guidelines. The virtual casino provides a cross-section of games including blackjack, roulette, slot machines, video poker, and Chinese pai-gow poker.
World Lotteries (worldlotteries.net) will distribute lottery tickets from France, UK, Ireland, Spain, Australia, Germany, Sweden and several other countries. According to International Gaming & Wagering Business magazine, global lottery sales in 1996 alone exceeded US$120 billion.
World Sportsbook (worldsportsbook.net) offers access to "real-time" betting lines using industry-standard information feeds from Las Vegas and Europe. Betting systems are established for all major worldwide sporting events, such as NFL Football, World Cup Soccer, PGA golf, and Grand Prix racing.
World Racetracks (worldracetracks.net). Live audio and video broadcast of the Ontario Jockey Club's Woodbine Racecourse went on-line May 24, 1997 at www.ojc.com. The company is currently negotiating with several other prominent racetracks with the ultimate intention of accepting wagers and extending live horse-racing coverage to 24 hours, 7 days a week.
For further information check the corporate web-site (www.starnetinternational.com) or contact:
Investor/Corporate Communications, at Toll-free: (888) 777-6458, Tel: (604) 685-7619, Fax: (604) 684-0391, or e-mail: ir@starnetinternational.com
The statements in this document may contain certain forward-looking statements and actual results may differ materially from the company's expectations. The document may not be construed as investment advice and does not constitute a solicitation to purchase or sell securities. |
