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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: SuperValu who wrote (14334)	8/23/1999 9:36:00 AM
From: vagabond	Respond to of 108040

Latest PR from SNMM... ================== (COMTEX) B: Starnet Communications Continues Operations Following Wee B: Starnet Communications Continues Operations Following Weekend Investigation VANCOUVER, B.C., Aug 23, 1999 (BUSINESS WIRE) -- Company Cooperates with Canadian Authorities; Does Not Anticipate Interruption to Service As Shares Continue OTC Trading Starnet Communications International Inc. (OTC: SNMM) will continue it business operations and share trading in the financial markets today following an investigation Friday and over the weekend by the Coordinated Law Enforcement Unit of British Columbia. No charges were filed against the company prior to or following the weekend investigation. Starnet is an online provider of interactive media and information systems and is the recognized leader in Internet gaming and entertainment. Chief Executive Officer Mark Dohlen stated: "We are pleased to announce that our company will continue its operations and proceed with its strategic plans following minor interruptions to service over the past weekend. "On the basis of solid legal advice, we will continue to offer shares of the company to the investing public. We are a company that is fully compliant with all applicable laws and regulations. We are confident that our operations will be reviewed positively by the appropriate authorities here in Canada and in the countries in which we conduct our business. "Starnet is a cutting edge-company that is a pioneer in Internet gaming, " Dohlen said. "We believe the selective investigation into the operations of our company is a result of a misunderstanding of Internet issues as they relate to the process of our business and the venues in which our services are offered. There is little or no legal precedent relative to this business." Dohlen noted that minor interruptions to customer service occurred during the weekend when the company provided temporary access to its server to the authorities. The company expects no further interruptions to service as Canadian authorities have vacated company premises. Starnet officials also noted the company's financial capability to cover successful customer wagering has not been impacted by the investigation. "We are dismayed by the inaccuracies communicated in media reports over the weekend," said Dohlen. "We expect to provide appropriate guidance to the media and investing public as we continue to cooperate with local legal authorities and come to a favorable conclusion to this investigation." Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: Starnet Communications International Inc. Chris Zacharias, General Counsel 604-685-7619 or Carey Nelson, Manager Investor Relations 604-219-1485 or Ogilvy Public Relations Worldwide Brad Miller 212-880-5345