More NEWS!! Softec signs another one. This is incredible.
( BW)(CO-FIRST-ENTERTAINMENT)(FTET) First Entertainment Holding
Corp. Announces Agreement With Starnet's Wholly Owned Subsidiary, Softec
Systems Caribbean Inc.
Business Editors, Technology/Entertainment Writers
DENVER--(BUSINESS WIRE)--March 30, 1999--First Entertainment (OTCBB:FTET), a fully
reporting company, announced today that its wholly-owned subsidiary, Kensington Investments Inc.,
has signed an agreement to license from Softec Systems Caribbean Inc. ("Softec") its turn-key
technology full-service Internet gaming system, including virtual Casino games, a Sportsbook with
real-time odds feed from Las Vegas and Europe, and simulcast horse and dog racing (no wagers
taken at this time). Kensington's customers will be able to place wagers via a secure, on line financial
transaction system.
Softec Systems Caribbean Inc. is a wholly-owned subsidiary of Starnet Communications
International Inc. (NASD OTC-BB: "SNMM") ("Starnet"). 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".
Starnet is an Internet software, technology and service company, which commercializes on-line
applications for established markets. For more information, please visit www.snmm.com.
First Entertainment is committed to maintaining strict compliance with all existing and pending U.S.
legislation regarding internet gaming and in conjunction with Softec, will build and operate this site to
insure strict compliance. In addition, First Entertainment, in conjunction with Starnet, will build and
operate a gaming-for-fun site that will be available to U.S. players and will be supported by
advertising revenues. First Entertainment is a multi-media company and has divisions or subsidiaries
operating in the areas of radio broadcasting and comedy clubs. It has been in the comedy night club
business for eighteen years. Its subsidiary, Comedy Works, is the premier comedy club in the city of
Denver. It has launched the careers of many young stand-up comics, including Roseanne Barr, and
has hosted national headliners including the likes of Jay Leno, Jerry Seinfeld, Louie Anderson, and
Tim Allen, to name a few. Its radio property is a dominant force in the Gillette and northeastern
Wyoming radio markets. First Entertainment can be accessed via the world wide web at
www.FirstEntertainment.com.
Note: Certain statements herein that are not historical are forward looking statements which involve
risk and uncertainties. Investors who seek more information about the company's business and relative
risk factors may wish to review the company's periodic reports filed with the SEC including, but not
limited to, its most recent Annual Report on Form 10-K/SB and Quarterly Report on Form 10-QSB.
--30--djm/dx*
CONTACT: First Entertainment Holding Corp., Denver
Steve Goodman, 303/228-1650
URL: www.FirstEntertainment.com
www.comedyworks.com
KEYWORD: COLORADO WYOMING
INDUSTRY KEYWORD: COMED INTERACTIVE/MULTIMEDIA/INTERNET
ENTERTAINMENT COMPUTERS/ELECTRONICS PRODUCT |
