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

To: swells who wrote (20)	11/8/1997 3:49:00 PM
From: David A. Lethe	Respond to of 8858

Many people in the US are already gaming. You might check the cryptologics thread, as they are a competitor, but have been gaming since December. Below is from Cryptologic's site: "Revenues for the quarter ended September 30, 1997 were $5.9 million, bringing its nine month revenues to $11.2 million. The Company had insignificant revenues in the same period last year, as it was in its start-up phase. Net earnings for the third quarter were $4.0 million, bringing the Company's net earnings for the nine month period to $7.4 million. This compares with a loss of $0.5 million for the same period last year. Basic earnings per share in the third quarter, 1997 were $0.55, bringing the nine month total to $1.13 per share. On a fully diluted basis, earnings per share were $0.25 for the quarter and $0.49 for the nine months ended September 30, 1997. There are approximately 7.5 million common shares currently outstanding. CryptoLogic's growth momentum continues, as witnessed by a comparison of the third quarter versus the second quarter. Revenues increased by 65.5%, while Net earnings increased by 75.9%. On a per share basis, basic earnings rose 57.1%, while fully diluted earnings increased 56.2%. " When I talked to SNMM's invester relations, they are going after CRYP, and with their existing customer base, expects to overtake them. I firmly believe that internet gambling is going to be the equivalent of the hot Y2K plays of 1995!