SNMM - Sells two more licenses: 01/19 11:31 Starnet Announces Two New Licensees, Elka Enterprises Inc. and
SNMM.OB>
Starnet Announces Two New Licensees, Elka Enterprises Inc. and Servicios De
Computo Sudamericanos
WILMINGTON, Del., Jan. 19 /PRNewswire/ -- Starnet Communications
International Inc. (OTC Bulletin Board: SNMM) announces that its wholly owned
subsidiary Softec Systems Caribbean Inc.("Softec") has licensed its turn-key
Internet gaming technology to Elka Enterprises Inc.("Elka") and Servicios De
Computo Sudamericanos.
Elka's multilingual system will feature virtual casino games, sports
wagering with real-time odds fed from Las Vegas and Europe, and "Webcasting"
of international horse and dog racing,.
Elka ( ecashservices.com ) currently operates several on-line
casinos, and has an established e-cash service that processes secure on-line
transactions via the Internet. Elka intends to convert their existing gaming
software and clientele to their new Softec technology. Elka believes that the
Softec package is the best system available in today's market place and offers
the end user an all-inclusive gaming experience.
Servicios De Computo Sudamericanos currently operates the Internet casino
Majestic International Casino ( majesticcasino.com ) and will be
upgrading to the Softec system. The Company has been in existence for almost
two years and has a substantial and loyal client base.
Softec (www.softecsystems.com) is a wholly owned Starnet subsidiary based
in Antigua, which licenses Starnet's "turn-key" Internet gaming technologies
to independent operators in exchange for participation in its licensees'
revenues. Softec now has fourteen licensees.
$10.2 billion US will be gambled online in the year 2002 (DataMonitor).
International Gaming & Wagering Business magazine has described Starnet as
"the Home Shopping Network of gambling."
Starnet is an Internet technology and service company, which develops
on-line software and e-commerce for established markets. Starnet trades on the
NASD OTC-BB as a Fully Reporting Issuer.
M&A West Inc. (Investor Relations) Starnet Communications International
Mr. Jack Rosenberg Mr. Alan Poole
650-588-2678 604-608-6035
www.mawest.com www.snmm.com
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: The statements contained herein which are not historical fact are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, certain delays in
testing and evaluation of products and other risks detailed from time to time
in Starnet's fillings with the Securities & Exchange Commission.
SOURCE Starnet Communications International Inc.
-0- 01/19/99
/CONTACT: investors, Mr. Jack Rosenberg of M&A West Inc., 650-588-2678,
for Starnet Communications International, or Alan Poole of Starnet
Communications International, 604-608-6035/
/Web site: ecashservices.com
/Web site: majesticcasino.com
/Web site: softecsystems.com
/Web site: snmm.com
-- SFTU071 --
6630 01/19/99 11:15 EST prnewswire.com
Copyright PR Newswire 1998. All rights reserved. |
