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News article received, Thursday, March 25, 1999 7:48:55 AM EST
Starnet Signs Partnership With Stefan Johansson Motorsports Team
WILMINGTON, DEL. (March 25) BUSINESS WIRE -March 25, 1999--Starnet Communications International Inc. (OTC BB:SNMM) ("Starnet") is pleased to announce that its wholly owned subsidiary, World Gaming Services Inc. ("World Gaming") has signed a marketing agreement with Astra Marketing Inc. ("Astra") of St. Johns, Antigua, W.I., exclusive agent of the Stefan Johansson Motorsports Team.
Stefan Johansson Motorsports ("SJM") currently fields two cars in the ultra competitive Championship Auto Racing Teams ("CART") Dayton Indy Light Series. Indy Lights is one of the premier junior racing series in the world and the training ground for future CART Champ Car and Formula One drivers.
SJM finished on the podium with a 3rd place in the season opener on March 21st at the Miami-Dade Homestead race track in Miami. Auto racing is enjoying a huge growth in popularity. According to CART research, the total television audience for the 1998 season was 981.8 million viewers with race broadcasts in 19 different languages.
SJM is co-owned by international racing celebrities Stefan Johansson and Vern Schuppan. Both men have extensive racing histories, which include drives in Formula One, CART, the Indy 500 and endurance events. Each has won at the venerable 24 Hours of Le Mans, and Stefan will again drive at Le Mans this year for Audi. Ex-Ferrari Formula One pilot, Johansson's most recent accomplishment was a 3rd place finish for Audi on March 20 in the 12 Hours of Sebring in Florida.
"We are happy to be working with Starnet Communications as they have established themselves as the top online gaming software company. Starnet's credibility, integrity and innovation have positioned them at the forefront of this burgeoning industry," commented Robert York, commercial director for SJM. "They exhibit the same philosophy as our team, which is to be simply the best in their industry."
World Gaming Services Inc. (www.worldgaming.net) has developed a gaming operation which is engaged in the business of accepting, processing and managing monetary wagers through the Internet. Features of World Gaming include wagering on the outcome of international sporting events and interactive casino-style games of chance, including black jack, roulette, video poker, pai-gow poker and progressive slots.
Marketed in eight languages to online gamblers residing outside North America. World Gaming also simulcasts horse and dog racing via the Internet, from nine North American racetracks (no wagers taken at this time).
Starnet is a fully reporting U.S. (Delaware) corporation which is currently listed on the National Association of Security Dealers ("NASD") Over-The-Counter Bulletin Board and commenced trading in September of 1997 under the symbol "SNMM." Starnet is also listed on the Berlin Stock Exchange ("Berlin") and is publicly traded on Over-The-Counter market under the symbol "SNM." For more information, please visit 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.
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