SNMM release;
SAN FRANCISCO--(BUSINESS WIRE)--Nov. 30, 1998--RCG Research today
announced that they are initiating coverage of Starnet Communications
International, Inc. (OTC BB:SNMM) with a Buy-Accumulate rating.
Starnet is a high-technology finance company with several wholly owned
subsidiaries that take advantage of high growth Internet Markets. Starnet
Communications trades on the OTC Bulletin Board under the symbol SNMM.
Starnet has become the leader in online gaming, wagering, and secure
Internet Transaction services. The Company's revenues have increased 116.7%
in the three months ended July 31, 1998, as compared to the prior year.
Online Gaming and Wagering is expected to yield annual net revenues of $10.2
billion world-wide by the year 2002.
Starnet enhances its business by selling and licensing its technology to
third parties to increase market penetration and revenues. The full report
can be viewed at www.managesource.com.
RCG Research is an equity research firm that specializes in coverage of
micro-capitalized companies. They are located in San Francisco.
Statements regarding financial matters in this press release other than
historical facts are "forward-looking statements" within the meaning of
section 27 A of the Securities Act of 1933, Section 21 E of the Securities
Exchange Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The Company intends that such statements
about the Company's future expectations, including future revenues and
earnings, and all other forward-looking statements be subject to the safe
harbors created thereby. Since these statements (future operational results
and sales) involve risks and uncertainties and are subject to change at any
time, the Company's actual results may differ materially from expected
results.
--30--DB/sf* dl/sf
CONTACT: RCG Research
Douglas Rogers, 415/793-6663
doug@managesource.com
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