To: Dave Gore who wrote (2880 ) 5/7/1999 10:40:00 AM From: Gator Read Replies (1) | Respond to of 8858
Starnet Welcomes UMAX Investments Inc. and Delta Internet Holdings Inc. As Newest Licensees. Wilmington, DE, May 6, 1999 - Starnet Communications International Inc. (NASD 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 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 U.S. (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". The Financial Times has estimated that the Internet gaming market will yield annual net earnings of US $10.2 billion by the year 2002. The Wall Street Journal has described Starnet as "one of the established leaders in Internet gaming and entertainment." 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. For further information, please contact Investor Relations: M&A West Inc. (Investor Relations) Mr. Jack Rosenberg (650) 588-2678 www.mawest.com Starnet Communications International Inc. Mr. Carey Nelson Phone: (604) 608-6035 Fax: (604) 604-0391 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. Investor Relations: Toll-Free: (888) 777-6458 Telephone: (604) 685-7619 Facsimile: (604) 684-0391 E-Mail: ir@starnet.ca