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


To: StockDung who wrote (2328)3/14/1999 11:03:00 PM
From: Gator  Respond to of 8858
 
InternetStocknews-A MUST READ!!!!

Giving you a quick status update of some of our featured
companies, let's start off with Starnet Communications (OTC
BB: SNMM). We made the decision to buy some more shares in
the company recently. (This doesn't mean you should!, Please
read our disclaimer at the bottom of this newsletter!)

We were particularly impressed by their quarterly report in
which they reported revenues of over $2.6 million for the past
quarter with almost $1 million in profit. That represents a
228.2% increase compared to the previous quarter while
operating expenses only increased by 7.8%. At the rate the
company is going, they may generate revenues of over $25
million in the next year with the majority of that being profit.

Compared with another e-commerce company that sells airline
tickets & other travel items over the Internet named Preview
Travel, the projections for the next year are quite similar.
Preview Travel (NASDAQ: PTVL) currently has a $311 million
market capitalization while Starnet has a $145 million market
capitalization. With Online Gaming (Gambling, etc.) on the
Internet being , in our opinion, far more scalable then the sale of
travel reservations, we cannot help but enjoy the company being
on our 'Ones to Watch in 1999!" list.

In addition to the impressive earnings reported on Thursday, the
company announced that they had applied to become listed on
the NASDAQ National Market System. In our opinion, this will
allow the company to receive far more exposure than if they
were quoted through the OTC Bulletin Board and will allow the
company to finally receive institutional investment and analyst
coverage. Lastly, John Dutton, analyst with the Investor's
Research Institute PAR Program, initiated coverage of the
company with a target of $14 to $20.

As you can see, it has been an excellent quarter and exciting
week for Starnet. We wish the best for them in the future.
Trading at $7 1/32, don't forget where you heard about them
first. We put the company on our 'Ones to Watch in 1999" in our
December 31, 1998 newsletter when the company's stock was
trading at approximately $1.50 per share.

News:
3/11/99-Starnet Quarterly Report: Starnet reports 228.2% increase
in revenues compared to prior year quarter.
sec.yahoo.com
3/11/99-Analyst Initiates Coverage, Assigns Starnet
Communications, Target $14 to $20
biz.yahoo.com
3/11/99-Starnet Applies for Listing On NASDAQ National Market
System
biz.yahoo.com

There was no disclaimer at the end of the post on Raging Bull,
but Internet Stock News said there should be one. So, beware!



To: StockDung who wrote (2328)3/14/1999 11:06:00 PM
From: Jack Turner  Respond to of 8858
 
Thanks already read it. Note how in the same breath the report talks land based casino's and SNMM. Could you please tell me where SNMM has land based casino's? I do not know the address.

Did you note the part about SNMM's casino in Antiga is not taking bets in USA or Canada? Did you know they could?

Sounds to me like we have a confused reporter. He seems to think the BC gov is going to going to tell Antiga what they can or cannot do regards online gaming. We already know what Antiga told the USA now don't we. Or did you miss that? Did you do any DD on this stock or did you just notice it mid week?

By the way did you send you e-mail to SI yet to remove the link in your post? I did not see a cc. I think I will report you to the SI police as you are not being a good little girl.



To: StockDung who wrote (2328)3/14/1999 11:12:00 PM
From: AustenRey  Respond to of 8858
 
floydyie, nice article. thanks.