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


To: Gator who wrote (136)3/6/1998 12:34:00 PM
From: Jason King  Read Replies (1) | Respond to of 8858
 
Hi Gator,

The recent charges against sports-wagering operations have affected our stock and are to blame for the fall that occurred yesterday. As you may have noticed today, the stock has begun to rebound and we are confident that it will continue to rise. Starnet is one of the only gaming companies that I know of that is not accepting wagers from U.S. citizens, and therefore, the only company that will probably prosper from the recent situation. While the charges did scare investors, I would like to point out that the charges were against sports-wagering operations who solicit bettors in the U.S. using conventional phone solicitation. While these companies all had websites, it appears that it was their phone soliciting, and not their Internet sites, that got them into trouble. We are therefore not concerned by the recent charges, nor do we believe it will affect our business, our business plan or our licensees in anyway.

With regards to your comments yesterday Gator, I am a bit confused. First, while our stock has fluctuated recently, our volume has been high and there continue to be investors who believe in our company and buy in whenever it drops. Your comments about me getting off my butt and start paying attention to the investment community confuses even more. My job is not to pay attention to the stock, but rather to ensure that the company stays on course with its business plan, increases its revenues, and continues to sign on new licensees. My responsibility to the investment community is to build a strong, aggressive company that continues to expand into the lucrative gaming market and bring in earnings for its investors. We have a very strong company, and I believe that we will take a sizable share of online gaming revenues over the next year.

Is this the Titanic? If you are referring to the incredibly successful movie that made its investors millions, then Yes, I believe that we are.

Jason King
Chief Operations Officer
Starnet Communications International Inc.



To: Gator who wrote (136)3/6/1998 2:59:00 PM
From: Gator  Read Replies (2) | Respond to of 8858
 
Today's News Release from Yahoo: Friday March 6, 1:19 pm Eastern Time

Company Press Release

Starnet Maintains Its Internet Gaming Plan: No Wagers Accepted From North America

WILMINGTON, Del.--(BUSINESS WIRE)--March 6, 1998--Starnet Communications International Inc. (NASDAQ/OTC
BB: SNMM) (''Starnet'') wishes to confirm that its operations remain unaffected by the current legal issues surrounding
Internet wagering in the United States.

On March 4, 1998, the U.S. Department of Justice indicted 14 executives of six Internet sportsbook companies with
accepting wagers from Americans. These charges were laid under the Interstate Wire Act, which prohibits the use of U.S.
telephone lines (telephone, Internet) to operate an interstate or foreign gambling business.

Starnet's Form 10-SB, filed with the SEC on May 24, 1997, states that ''due to the uncertain regulatory environment as it
relates to Internet gaming in the U.S. and Canada, management intends to focus on the market outside of North America until
such time as U.S. and Canadian laws, specifically in regard to Internet gaming, are clarified.''

Starnet's wholly owned subsidiary World Gaming Services Inc. (www.worldgaming.net) operates an Internet gaming system
that holds two licenses in Antigua to accept wagers on virtual casino games, sporting events, international lotteries and
pari-mutuel (horseracing) events. The World Gaming system is configured to detect a customer's origin and ACTIVELY
DECLINE wagers from the U.S. and Canada. North Americans are, however, currently permitted to ''Play For Fun.''

Starnet's management intends to continue with their marketing plan of pursuing European and Asian bettors, who comprise
over 60% of the global gaming market and yield higher per capita gambling expenditures than North Americans. World
Gaming is currently marketed in seven languages, and has been accepting wagers via the Internet since Oct. 22, 1997.

Starnet (www.starnetcommunications.com) is a fully reporting, publicly held interactive entertainment company, which
identifies and commercializes Internet technologies for established markets.

-0-

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 harbor created by these
sections. Actual results may differ materially from Starnet's expectations.

Contact:

Starnet Investor Relations:
888/777-6458
604/685-7619
604/684-0391 FAX
ir@starnetcommunications.com

>>>>>>>>>
Later...Gator