To: Kent C. who wrote (176 ) 4/9/1998 11:00:00 AM From: Garnet2 Respond to of 8858
Kent I heard a rumor they had done over $3 million in wagering just for March alone and that it was up something like 250% from the previous month. I believe it to be true because it falls in line with the growth that other operators like CRYP have experienced. I see there was an appointment yesterday. STARNET'S DIRECTORS ELECT CHAIRMAN OF THE BOARD Wilmington, DE, April 8, 1998 - Starnet Communications International Inc. (NASD OTC-BB: SNMM) ("Starnet") is pleased to announce that its Board of Directors has elected Mr. John (Jack) Carley as Chairman of the Board. Mr. Carley, who currently serves Starnet in the capacities of Chief Financial Officer and Director, provides a wealth of knowledge as an operational executive. Mr. Carley has over 25 years of experience in line and staff capacities in both the private and public sectors, specializing in finance and administration. Mr. Carley was most recently Vice-President of Trust Operations for the Hong Kong Bank Trust Company (a subsidiary of the Hong Kong Bank of Canada). Mr. Carley has held a variety of executive positions, including Senior Vice-President of Branch Operations for the First City Trust Company, and Vice-President of Finance, Western Canada Region, for the Royal Trust Company. Mr. Carley also acted as Executive Director of Examinations and Investigations for the Financial Institution Commission of British Columbia's Ministry of Finance and Corporate Affairs. Mr. Carley holds a Diploma in Business Administration, is a Fellow in the Institute of Canadian Bankers (FICB), and is a Certified General Accountant (GCA). Mr. Carley succeeds Mitchell White, who has resigned as Chairman and Director in order to pursue independent opportunities. 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 systemworldgaming.net ), and by licensing this system to independent parties in exchange for revenue participation (http://www.softecsystems.com). Starnet (http://www.starnet.ca) is a fully reporting, publicly held interactive entertainment company, which identifies and commercializes Internet technologies for established markets. Starnet's revenue-generating websites receive over 6 million hits per day.