To: Postman who wrote (287 ) 3/27/1998 3:25:00 PM From: Drake Read Replies (1) | Respond to of 1058
I think SNMM is going to be on ABC Nightline. Their TV crews have been doing a story on Online Gambling and have made visits to Starnet's World Gaming operation as well as their headquarters (Vancouver, BC). SNMM has contracted a powerful PR firm in Vegas and they will be focusing on hightening investor awareness. Also, they had a news release out last week. STARNET WELCOMES TWO MORE INTERNET GAMING LICENSEES Wilmington, DE, March 24, 1998 - Starnet Communications International Inc. (NASD OTC-BB: SNMM) ("Starnet") is pleased to announce that it has licensed Softec Internet gaming systems to two established gaming enterprises. "We're excited about our alliance with these innovative licensees," said Starnet's CEO, Mark Dohlen - who noted that Starnet participates in the revenues generated from every Softec Internet gaming system under license. Oz Gaming, a private corporation based in Costa Rica, has licensed a Softec Internet gaming system located atozgaming.com . Oz Gaming's management has extensive experience in telephone and Internet based sports wagering services. Oz Gaming's online sportsbook features a real-time Las Vegas line on a variety of international sporting events. In addition to placing sports wagers online, Oz Gaming patrons can play a variety of virtual casino games such as Blackjack, and purchase tickets for international lotteries. Simulcast horseracing & pari-mutuel wagering from Miami's Hialeah Park Race Course will soon be added. Multrade Ltd., an international investment conglomerate based in the Bahamas, has licensed an Internet gaming system known as "Jakarta International Casino" (http://www.jakartacasino.com). Multrade's system will be customized to target Indonesian gaming consumers. The website and players' software will be translated into Indonesian, and the featured casino game is Indonesia's most popular gambling pastime - Baccarat. Softec Systems Caribbean Inc. (http://www.softecsystems.com), a wholly owned Starnet subsidiary, customizes and licenses turn-key Internet gaming systems to independent parties in exchange for participation in the licensees' revenues. Softec now has three independent licensees. PC Computing magazine has estimated that the Internet gaming market could reach US $20 billion in annual revenues by the turn of the century. Starnet intends to penetrate this market with its proprietary system (http://www.worldgaming.net), and through the licensing process. Starnet (http://www.starnetcommunications.com) is a fully reporting, publicly held interactive entertainment company, which identifies and commercializes Internet technologies for established markets. Starnet's revenue-generating websites attract over 6 million hits per day. My impression is that because Starnet already has revenues of over $400,000 per month from their web sites their shares will become underpriced very soon because they will be generating an enormous amount of added revenue from participating in the profits of their licensees.