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

To: Sir Auric Goldfinger who wrote (8570)	8/17/2000 9:52:13 PM
From: afrayem onigwecher	Respond to of 8858

SNMM : STARNET COMMS INTL INC (OTC:BB) 9:50 PM ET Last Trade 3 7/8 Open 3 EPS Growth Rate N/A Change + 7/8 Previous Close 3 EPS (TTM) -0.15 % Change +29.2% Today's High 3.94 P/E 0.00 Last Trade 3:59 PM Today's Low 2.91 Market Cap 125.74 Mil Bid 3.81 52 Wk High 13 7/8 Shares Outstanding 32.45 Mil Ask 3 7/8 52 Wk Low 1 3/4 Dividend 0.00 Volume 1,164,700 Avg Daily Vol 151,000 Yield 0.00 Starnet Cleared by Canadian Authorities of Allegations of Distributing Illegal Pornography No Charges to be Issued Against Starnet or Management ST. JOHNS, Antigua, Aug 17, 2000 (BUSINESS WIRE) -- Starnet Communications International Inc. (OTC-BB: "SNMM" chart, msgs) ("Starnet" and the "Company"), a leading provider of proprietary software for the Internet gaming industry, today reported that Canadian authorities have concluded their investigation into allegations that Starnet distributed prohibited pornographic images of adults and children over the Internet. No charges will be issued against Starnet or members of the company's management. An affidavit filed by Canadian authorities on August 14, 2000 in the Supreme Court of British Columbia stated in paragraph 55 the following: "No pornographic images of children were found within the computer system operated by Starnet, and no charges will be recommended to the Attorney General of British Columbia, as the result of this investigation, in regard to Starnet having distributed prohibited pornographic images over the Internet." President and Chief Executive Officer Meldon Ellis said, "Results of the investigation by Canadian legal authorities confirm what we have maintained since the beginning of this investigation: we are not, and have never been, involved in distributing illegal pornography. In fact, we have always had policies in place that prohibited such illegal commerce to take place. One non-management employee of the company, in violation of company policy, was discovered to be in possession of illegal child pornography. He was immediately dismissed with cause from Starnet, and subsequently charged by Canadian authorities. Since that time, we have divested our adult entertainment division and are no longer involved in the adult entertainment industry." Ellis added, "The filing of this affidavit in essence means that the RCMP has cleared the company and its management of charges related to distributing illegal pornographic material. This is a critical finding, given the shadow that these unfounded allegations have placed over the company during the past year and the negative media coverage that has continued to state or imply our involvement in such activities. Although we understand the need to be thorough, we are disappointed that the RCMP has taken so long to clear Starnet of these allegations and conclude this matter. We are also dismayed that this information has not been made public, which is inconsistent with public comments made by authorities in connection with the raid of our facilities in August 1999. Despite full cooperation with the RCMP throughout their highly publicized investigation, we have yet to receive an official communication from the RCMP regarding this finding." Starnet is pleased to achieve closure on this issue for Starnet, our licensees, business partners and shareholders. The company is continuing to pursue all opportunities to bring an end to the investigation of its online gaming operations. Associate Chief Justice Patrick Dohm has yet to deliver his decision on two applications filed August 14, 2000 with respect to the frozen funds. Management will continue to update its shareholders on the status of the RCMP investigation and remains confident in the future of the international I-gaming market and Starnet.