To: Y2k_fan who wrote (5187 ) 8/20/1999 5:44:00 PM From: Doug Robinson Respond to of 8858
SNMM's Position and Reply Friday August 20, 5:25 pm Eastern Time Company Press Release Starnet Communications Announces Investigation Without Charges VANCOUVER, BRITISH COLUMBIA--Starnet Communications International Inc. (OTC: SNMM - news), an online provider of interactive media and information systems, today announced that an investigation by the Coordinated Law Enforcement Unit of British Columbia has temporarily prevented management access to company offices. No charges have been issued by Canadian authorities in this matter. Mark Dohlen, chief executive officer of Starnet, stated, ``We do not anticipate any interruption to our services or our ongoing operations as a result of today's actions. But we are dismayed by this disruption of our three year-old operations, have retained legal counsel and will vigorously defend our rights.' Dohlen further added, ``It is regrettable that we were not given an opportunity to cooperate with authorities regarding their concerns. Cutting edge companies at the forefront of online services like Starnet are often misunderstood, but we are a fully reporting US public company and our international operations comply with the laws of their respective jurisdictions.' Further information will be forwarded by Starnet as it becomes available. Starnet, named ``the established leader in Internet gaming and entertainment' by the Wall St. Journal, is a fully reporting, publicly held interactive entertainment company, which identifies and commercializes Internet technologies for established markets. The statements in this press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and is subject to the safe harbor created by these sections. Actual results may differ materially from Starnet's expectations. -------------------------------------------------------------------------------- Contact: Starnet Communications International Inc. Meldon Ellis General Counsel (604)685-7619 or Ogilvy Public Relations Worldwide Peter Maneri (212)880-5213