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

To: Hockeyfan who wrote (7813)	10/7/1999 2:18:00 PM
From: clw	Read Replies (2) \| Respond to of 8858

Starnet Withdraws NASDAQ Application ST. JOHNS, Antigua, Oct 7, 1999 (BUSINESS WIRE) -- Starnet Communications International Inc. (OTC BB:SNMM) ("Starnet") announced today that it has decided to withdraw its application for a national market listing with NASDAQ. The company will remain quoted as an OTC BB stock and re-file the application upon clearly meeting all requisite quantitative and non-quantitative criteria. Mark Dohlen, Chief Executive Officer of Starnet, said, "We have elected to withdraw our application to concentrate on developing our business and work towards meeting all criteria for a national market NASDAQ listing. We are making every effort to achieve our goal of a national market NASDAQ listing, and anticipate re-filing the application as soon as conditions permit." Starnet is a fully reporting U.S. (Delaware) corporation, which is currently quoted on the Over-The-Counter Bulletin Board and commenced trading in September of 1997 under the symbol "SNMM". The Wall Street Journal has described Starnet as "one of the established leaders in Internet gaming and entertainment." Starnet is a leading developer and producer of Internet technologies for gaming applications. For more information, please visit www.snmm.com. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Starnet's filings with the Securities & Exchange Commission. Copyright (C) 1999 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: Starnet Communications International Inc. Carey Nelson, 604/608-6034 (Investor Relations) North American Toll-Free, 1/888-883-0833 Outside North America, 800/883-88338 ir@snmm.com or Ogilvy Public Relations Worldwide Brad Miller, 212/880-5345 WEB PAGE: businesswire.com GEOGRAPHY: DELAWARE INTERNATIONAL LATIN AMERICA INDUSTRY CODE: COMED INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.