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Microcap & Penny Stocks : GGNC - GIC/Global Intertainment Corporation -- Ignore unavailable to you. Want to Upgrade?

To: TOPFUEL who wrote (824)	12/2/1998 9:00:00 AM
From: Dorine Essey	Read Replies (1) \| Respond to of 2585

- Business Wire STARNET APPOINTS VICE PRESIDENT OF MARKETING BUSINESS EDITORS ------------------------------------------------------------------------------ WILMINGTON, Del.--(BUSINESS WIRE)--Dec. 2, 1998--Starnet Communications International Inc. (OTC BB:SNMM.O) is pleased to announce that it has appointed Bret Conkin as vice president of marketing. Conkin has an outstanding record with 12 years of senior sales and marketing experience to his credit. His previous positions include roles in senior management and marketing for Proctor and Gamble, and most recently, the British Columbia Lottery Corp. Conkin graduated from the University of British Columbia with a Bachelor's Degree in Commerce. His strong ability to exceed objectives while meeting budget requirements makes Conkin the ideal candidate for this position. Starnet's vice president of corporate development, Grant Johnson said, "We feel that Bret will bring a dynamic element to our Marketing and Sales strategy. His talent on achieving and winning market share will be a real asset as he will be utilizing our established channels of distribution. He will be working closely with our 14 existing licensed operators at furthering our goal of attaining market leadership at the consumer level." Starnet intends to file its 10-QSB for the Quarter ended Oct. 31, 1998 by Tuesday Dec. 15, 1998. A conference call with CEO Mark Dohlen is being scheduled to discuss results. In the autumn of 1997, Starnet's wholly owned subsidiary World Gaming Services Inc. obtained a Virtual Gaming Permit in its domicile of Antigua to operate its own Internet casino and sportsbook, worldgaming.net. Marketed in eight languages to online gamblers residing in Europe and Asia, World Gaming also simulcasts horseracing via the Internet, from eight North American racetracks. World Gaming competes in the Internet gaming "end-consumer" market with other operators, such as GIC Global Intertainment Corp. (OTC BB:GGNC.O), Global Games Corp. (OTC BB:GLOW.O) and Gaming Lottery Corp. (Nasdaq:GLCCF.O). Starnet subsequently incorporated another wholly owned Antiguan subsidiary, Softec Systems Caribbean Inc., which is in the business of licensing Starnet's technology to independent Internet gaming operators. Being provided with a customized, "turn-key" Internet gaming system, Softec licensees can commence operation and promotion of their online casinos with a minimal barrier of entry into the market. In exchange for these services, Softec participates in a percentage of each licensee's revenue stream. Since February 1998, Softec has entered into licensing agreements with 14 operators, such as: playersonly.com; ozgaming.com; i-casino.com; clubriocasino.com; aztecgaming.com; superbet.com; classiccasino.com; lasvegascasino.com; and casinoonair.com Softec's competitors within the Internet gaming "technology vendor" market include Atlantic International Entertainment Ltd. (OTC BB:AIEE.O) and Cryptologic Inc. (TSE:CRY). Described by ABC Nightline as "a reputable pioneer in Internet gambling," Starnet trades on the NASD Bulletin Board as a Fully Reporting Issuer. Starnet's trading symbol is SNMM. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Starnet's fillings with the Securities & Exchange Commission. --30--ao/sf* dl/sf CONTACT: Starnet Communications International Inc. Laurie Dunn, 604/685-7619 www.snmm.com or M&A West Inc. Jack Rosenberg, 650/588-2678 www.mawest.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: INTERACTIVE/MULTIMEDIA/INTERNET COMED ENTERTAINMENT MANAGEMENT CHANGES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire ©