Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Starnet(SNMM)-"The Microsoft of Internet Gaming Softwar -- Ignore unavailable to you. Want to Upgrade?

To: Jack Turner who wrote (30)	3/16/1999 1:21:00 PM
From: E*Trader	Read Replies (1) \| Respond to of 40

*NEWS* Starnet Welcomes Three Additional Internet Gaming Licensees Business Wire - March 16, 1999 13:04 WILMINGTON, Del.--(BUSINESS WIRE)--March 16, 1999--Starnet Communications International Inc. (OTC BB:SNMM) ("Starnet") is pleased to announce that its wholly owned subsidiary Softec Sytems Caribbean Inc. ("Softec") has licensed its turn-key Internet gaming technology to Direct A - Gaming Services Inc. ("Direct A"), Sinsational Intertainment Inc. ("Sinsational") and Raquels Casino Inc. ("Raquels"). Each new licensee will be supplied with a customized, full-service Internet gaming system, including virtual Casino games, a Sportsbook with real-time odds feed from Las Vegas and Europe, and simulcast horse and dog racing (no wagers taken at this time). The licensees' customers will be able to place wagers via a secure online financial transaction system. The Internet gaming technology is licensed through Starnet's wholly owned subsidiary, Softec Systems Caribbean Inc. ("Softec"). The web sites where these licensees will implement the Softec system will be announced closer to the launch of their operation. Mark Dohlen, Starnet's CEO commented: "I am very pleased with the progress our Softec subsidiary has made. Formed just over one year ago, this wholly owned subsidiary of Starnet's is already recognized as a world's leading supplier of Internet gaming technology and solutions." Starnet has entered into licensing agreements with 24 independent operators. Softec Systems Caribbean Inc. (www.softecsystems.com), is a wholly owned Starnet subsidiary based in Antigua, which licenses Starnet's "turn-key" Internet gaming technologies to independent operators in exchange for participation in a percentage of its licensees' revenues. The Financial Times has estimated that the Internet gaming market will yield annual net earnings of US $10.2 billion by the year 2002. Forbes magazine has described Starnet as "the Microsoft of casino software vendors." Starnet is an Internet software, technology and service company, which commercializes on-line applications for established markets. Described by IGWB Magazine as "the Home Shopping Network of gambling," Starnet trades on the OTC Bulletin Board as a Fully Reporting Issuer. For more information please visit www.snmm.com. 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. CONTACT: M&A West Inc. Jack Rosenberg, 650/588-2678 (IR) www.mawest.com or Starnet Communications International Inc. Carey Nelson, 604/608-6034 www.snmm.com