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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (4138)	7/29/1999 9:32:00 PM
From: Chris Lords	Read Replies (3) \| Respond to of 8858

Revenues up 190%(FYE) hit the wires after close. biz.yahoo.com Anyone know if this was as worse than expected, what was expected, or better than expected.

To: Techplayer who wrote (4138)	7/29/1999 10:55:00 PM
From: Techplayer	Respond to of 8858

From ISN for Tomorrow: First and foremost, one of the most talked about Internet stocks this week, Starnet Communications International (OTC BB: SNMM) has announced its long-awaited earnings. Starnet reported 4th Quarter Revenues up 236% to $3.8 million. Basic and Diluted Q4 '99 Earnings were $.03 per share compared to a loss of $.01 per share in the same quarter last year. Net income for Q4 was $803,000, compared to a loss of $141,000 for Q4 1998. For the year ending April 30, 1999 revenue increased to $9.77 million from $3.37 million in the year preceding. Net Income increased to over $2 million compared to a loss of just above $1 million in the year preceding. Cash and cash equivalents increased to $5 million from $140,000 in the year preceding. Working Capital increased to over $7 million from a negative amount in the year preceding. Lastly, total Assets increased to over $13 million from just above $3.2 million in fiscal 1998. We listened to Starnet's conference call and were extremely excited about their CEO's comments about future growth in the Pari-Mutuel area, the possible sale of their adult entertainment business, as well as their upcoming Nasdaq listing. In addition, we were elated to hear that the company has hired Investment Banking Firm Nesbit Burns to raise Starnet $30 million via a private financing. We strongly suggest that you all listen to the replay of Starnet's conference call. The CEO, Mark Dohlen answers almost every question we could possibly imagine about the current and future state of the company. Call 1-800-252-6030 or 402-220-2491 from outside of the U.S. The conference code which you must provide is 4661436.