To: goldentoe who wrote (2804 ) 4/21/1999 11:54:00 AM From: sanjay sanghani Read Replies (1) | Respond to of 8858
Company Press Release SOURCE: Starnet Communications International Inc. Starnet Welcomes Two Additional Softec Licensees WILMINGTON, Del., April 21 /PRNewswire/ -- Starnet Communications International Inc. (OTC Bulletin Board: SNMM - news; ''Starnet'') is pleased to announce that its wholly owned subsidiary, Softec Sytems Caribbean Inc. (''Softec'') has licensed its turn-key Internet gaming technology to Esquire Services Inc. (''Esquire'') and Freeway Investments (''Freeway''). Esquire and Freeway 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 licensee's 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 gaming technology will be announced closer to the launch of their operation. 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. Starnet is a fully reporting US (Delaware) corporation, which is currently listed on the National Association of Security Dealers (''NASD'') Over-The-Counter Bulletin Board and commenced trading in September of 1997 under the symbol ''SNMM''. Starnet is also listed on the Berlin Stock Exchange (''Berlin'') and is publicly traded on Over-The-Counter market under the symbol ''SNM''. Starnet is an Internet software, technology and service company, which commercializes on-line applications for established markets. For more information, please visit www.snmm.com. CONTACT: Jack Rosenberg of M&A West Inc., 650-588-2678, or www.mawest.com, for Starnet Communications International Inc.; or Mr. Carey Nelson of Starnet Communications International Inc., 604-608-6034, or fax, 604-684-0391, or ir@starnet.ca. 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. SOURCE: Starnet Communications International Inc.