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

To: Jason King who wrote (67)	12/9/1997 10:59:00 AM
From: michel lavail	Read Replies (1) \| Respond to of 8858

Tuesday December 9, 9:02 am Eastern Time Company Press Release Starnet Communications International Inc. Completes $2,450,000 in Private Placements WILMINGTON, Del.--(BUSINESS WIRE)--Dec. 9, 1997--Starnet Communications International Inc. (NASD OTC-BB: SNMM) (''Starnet'') is pleased to announce that it has completed seven (7) non-brokered private placements, each consisting of 350,000 Units at a price of US $1.00 per Unit, for gross proceeds of US $2,450,000. Each Unit consists of one common share of Starnet, and one non-transferable warrant (the ''Warrant''). The Warrant entitles its holder to purchase, within one year of the issuance of the Warrant, one additional Starnet share, and one non-transferable piggyback warrant (the ''Piggyback''); the exercise price of the Warrant is US $2.00. The Piggyback entitles its holder to purchase, within one year of the exercise of the Warrant, one additional Starnet share; the exercise price of the Piggyback is US $4.00. Proceeds from these private placements will be used to further the business plan of Starnet's Internet gaming subsidiaries, World Gaming Services Inc., and Softec Systems Caribbean Inc. World Gaming (www.worldgaming.net) is in the business of accepting, processing and managing real-money wagers through the Internet. Features of World Gaming include casino-style games such as Blackjack and Roulette, a ''Sportsbook'' with live lines from Las Vegas for betting on world sports events, an international lottery ticket brokerage, and live video & audio Internet broadcasting of horseracing (no wagers currently accepted) from the Ontario Jockey Club's Woodbine Racetrack in Toronto. Softec Systems Caribbean Inc. licenses customized, real-money Internet gaming systems similar to World Gaming to third party offshore gaming licence holders. PC Computing magazine has estimated that the Internet gaming market could reach $20 billion in annual revenues by the turn of the century. Starnet Communications International Inc. is a high technology investment and finance company, which identifies and commercializes Internet technologies to penetrate established markets. For further information check our corporate web-site at www.starnetcommunications.com,e-mail us at irpackage@starnetcommunications.com for an on-line investor package, or contact our Investor Relations Consultants: Toll-Free: 888/777-1467 Telephone: 250/716-9949 Facsimile: 250/716-0502 E-Mail: ir@starnetcommunications.com . 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 harbour created by these sections. Actual results may differ materially from the company's expectations. ------------------------------------------------------------------------ Contact: Starnet Communications International, Inc. Investor Relations Consultants, 250/716-9949 Toll Free: 888/777-1467 Fax: 250/716-0502 ir@starnetcommunications.com

To: Jason King who wrote (67)	12/16/1997 5:13:00 PM
From: stevie	Read Replies (3) \| Respond to of 8858

Jason: I have noticed that after the financing was announced the stock volume and price picked up. Slowly the price is receding back. What endeavours has the company undertaken to deseminate itself and promote the product among investors??? What are your short-term plans for getting noticed??? Also, how close to your goal are you now??? In other words, how long before you can say that yopu have reached your goal--1 month, 3 months, 1 year, 5 years???? what's your perspective?? Thanks Regards Stevie