To: mark collins who wrote (1847 ) 5/7/1999 8:09:00 PM From: Jeffrey L. Henken Respond to of 2662
Starnet Welcomes Umax Investments Inc. and Delta Internet Holdings Inc. As Newest Licensees WILMINGTON, Del., May 7 /PRNewswire/ -- Starnet Communications International Inc. (OTC Bulletin Board: SNMM - news; ''Starnet'') is pleased to announce that its wholly owned subsidiary, Softec Systems Caribbean Inc. (''Softec'') has licensed its turn-key Internet gaming technology to Umax Investments Inc. (''Umax'') and Delta Internet Holdings Inc. (''Delta''). 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. Umax and Delta 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 Web sites where these licensees will implement the gaming technology will be announced closer to the launch of their operation. 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. 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: Carey Nelson of Starnet Communications International Inc., 604-608-6034, or fax, 604-684-0391, or ir@starnet.ca; or Jack Rosenberg of M&A West Inc. Investor Relations, 650-588-2678, for Starnet/ SOURCE: Starnet Communications International, Inc.biz.yahoo.com