To: Ga Bard who wrote (2089 ) 5/11/1999 9:18:00 AM From: JRO Respond to of 4766
Casinopirata.com Enters Into Negotiations With Starnet Communications PORTLAND, Ore., May 11 /PRNewswire/ -- Casinopirata.com Inc. (OTC Bulletin Board: CSIN) is pleased to announce that it has entered into negotiations with Starnet Communications (OTC Bulletin Board: SNMM) to acquire another online casino. Casinopirata.com, a theme-based Casino and Sportsbook, is now offering Vegas-style casino games such as blackjack, roulette, pai-gow and craps along with wagering on professional sporting events such as the NFL, NBA, NHL, and Major League Baseball. The Company's web site is located at casinopirata.com . "This acquisition is in line with our business plan objectives. Casinopirata.com intends to grow by opening additional online casinos and acquiring proprietary online gaming technology. We feel that we will easily be able to deliver our earnings forecasts of 1.50 per share in net income within the first year of operations. With our stock trading at 1.00 per share we feel that the price of our stock is very undervalued here," stated Paul Stringer, President. Casinopirata's competitors within the Internet gaming market include Anchor Gaming Inc., Trans World Gaming Group, Argosy Gaming Co., International Game Technology Inc., Cryptologic Inc., GLC Limited, Atlantic International Entertainment Ltd., Cybergames Inc., IGN Internet Global Network Inc., OTC and Global Games Corp. 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 the 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 snmm.com The Wall Street Research Group, a company that features undervalued stocks in emerging growth markets, has listed CSIN as a recommended buy. For further information or for a hard copy call 1-888-615-1145 or wallstreetresearch.net Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the Company's domestic and international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings. Contact: Worldvision Financial Group, 888-345-6060, or e-mail, relations@wvfg.com