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Technology Stocks : Internet Guru Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Mavrick who wrote (2107)	7/7/1999 10:32:00 PM
From: Gator	Respond to of 4337

Starnet (SNMM), a fully reporting company, today's correction presents a buying opportunity, record earnings expected when financials are released by end of month... biz.yahoo.com Internet Gaming Legalized gambling is one of the fastest growing industries in the world. In fact, International Gaming & Wagering Business magazine has estimated gambling to be a US $1 trillion global business - larger than all other entertainment industries combined. The UK's Financial Times has estimated that Internet gaming will be a US $10.2 billion industry by the year 2002. When the universal appeal of gambling is combined with the accessibility and rapid growth of the Internet, the opportunity becomes evident. Starnet has reacted with the development of its full-service online gaming system, World Gaming. World Gaming has been fully operational since the autumn of 1997. This subsidiary processes online wagers on a variety of interactive games of chance, from consumers residing in over 60 countries. The secure, online credit card transaction processing infrastructure of sister subsidiary EFS Caribbean facilitates the deposit and conversion of funds into "Virtual Chips" in a consumer's account. Research and development of additional or more advanced online gaming products will be undertaken. For example, a three-dimensional version of our online casino games is planned for 1999. Starnet has executed a strategy of licensing its proprietary Internet gaming technologies to independent operators through a wholly owned subsidiary, Softec Systems Caribbean Inc. These technologies are provided as a turn-key Internet gaming business in exchange for participation in the licensee's revenues. Through this formula, Starnet intends to spread its R&D and operational costs amongst multiple operators while indirectly increasing its market share. "Starnet has a plan to become the Microsoft of casino software vendors." Forbes, June 12, 1998 Later...Gator