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

To: Drake who wrote (146)	3/10/1998 11:26:00 AM
From: Drake	Respond to of 8858

More on the Fed's Frenzy: The Battle Begins! rgtonline.com Looks like Starnet had a news release on Friday. STARNET MAINTAINS ITS INTERNET GAMING PLAN: NO WAGERS ACCEPTED FROM NORTH AMERICA Wilmington, DE, March 6, 1998 - Starnet Communications International Inc. (NASD 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 October 22, 1997. Starnet (www.starnetcommunications.com) is a fully reporting, publicly held interactive entertainment company, which identifies and commercializes Internet technologies for established markets. For further information, please contact Investor Relations: Toll-Free: (888) 777-6458 Telephone: (604) 685-7619 Facsimile: (604) 684-0391 E-Mail: ir@starnetcommunications.com