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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook -- Ignore unavailable to you. Want to Upgrade?


To: Roofman who wrote (2947)5/30/1999 4:30:00 PM
From: Gator  Read Replies (1) | Respond to of 8858
 
Roofman, Some really good stuff!!! I guess a lot of folks have been itchy lately, but with Starnet there is no need to panic :> I'd Like to share IG's post from Stockhouse with everyone:

>>>
Posted By Subject PostTime (EST)
internetgambler NERVOUS ABOUT SNMM - DON'T BE!! 5/27/99 1:18:12 PM
Here is why:

SNMM is becoming one of the leaders in this fledging industry. Their goal is to capture as much market share as possible by:

· Developing a superior product to the competition
· Adding sport celebrities to their sites to attract customers that follow these people
· Signing up new licensees - Every time that SNMM announces a new licensee don't look for or expect the stock to react positively. Each licensee takes up to four months to get established and begin to generate revenue. So when SNMM announces a new license THINK long term (6 months out to impact SNMM's bottom line).

RISK vs. REWARD factor

Starnet is for all purposes a start up company (with all the knock of the adult sites just remember this - without that steady stream of revenue this company would be no better than TTLN or GGNC). The adult sites allow Starnet to use its resources to develop and market their I-gaming software and to promote itself as a front runner. The risk to invest in Starnet is HIGH. Hell besides being a startup company they trade as a BB stock. If this isn't risky I don't know what is? However, Starnet has minimized that risk substantial by having a sound business plan (expanding its operations to other countries, signing deals with the horse and greyhound racing industry) and being up front about it.
Nevertheless the risk is still high but the rewards more than offset it. Several independent publications (some have been posted on this board and on RagingBull) indicate that the I-gambling industry will be a multi billion dollar business inside of four years. As long as the big casinos stay out (and thanks to the Kyl bill this will happen) Starnet and a few others will enjoy tremendous good fortune and market share.

NASDAQ listing and Adult Sites

With the listing comes more exposure both good and bad. In fact it is a safe bet to post that we will see more bashers as this company becomes more successful. Lets face it, besides these message board (i.e.Stockhouse, RB,SI, etc.,) a few friends and family members, the rest of the world doesn't even know about Starnet or this industry. Will that change with a listing? You bet. Will it change to the degree many of you hope maybe not? The only thing that will attract the masses is MONEY. When this industry starts to generate the volume that is predicted we will then see this stock truly take off.

Adult Sites - While just about everyone is hoping for the sale of this asset YESTERDAY, why should Starnet sell it for less than what it is worth? As a shareholder, I would be more mad if Starnet discounted this valuable asset 'just to unload it". I'm sure any astute investor in SNMM would feel the same way. When the right price comes along I'm sure Starnet management will sell it immediately. Until then just set back and relax. We all know that Starnet is aware that the majority of its stockholders want this division off the company's books.

Lack of PR or other news

Unless Starnet has something worth wild to announce why (as stockholders) do we want them to waste financial resources just to pacify shareholders or prop the stock up?

I hope this helps some of you that get nervous when the stock is not moving or going down. If you bought the stock for the long term 12+ months you will be happy. If you bought the stock for a quick play on your margin account or through credit cards then you may take it in the shorts. There are no GUARANTYS either way but Starnet is a better gamble than most.

Good luck to all

IG
>>>

IG, excellent post, and right on the money!!!

Later...Gator



To: Roofman who wrote (2947)6/10/1999 12:36:00 PM
From: Mike Simms  Read Replies (1) | Respond to of 8858
 
I am holding SNMM until Nasdaq listing. Here is something to look at in the meanwhile. Just released two news also. Undiscovered gem imo.

Wednesday June 9, 8:02 am Eastern Time
Company Press Release
CasinoBuilders.com Directors Announced
Company Led by IBM Veteran and Internet Gaming Entrepreneur
The company's mission is to become the premier Management Services company in the Internet gaming industry, recognized for:

-- Market Leading Casino Development

-- Superior Client Service

-- Objective Internet Casino Consulting

-- Creative and Effective Business Solutions
Former IBM Executive and Internet entrepreneur, Andy Ruppanner, leads the company to be headquartered in Colorado Springs, Colorado. International client support offices are being established in Curacao, N.A. for the Caribbean and South America, Vancouver, Canada for Canada and the Asia/Pacific regions, and Amsterdam, NL. for Europe and Africa.

The Company is announcing two Directors today, and a national search campaign is in process to recruit operational executives.

Director - President and CEO - Andy Ruppanner - MBA

Known as the ''Division Starter'' during his 28 year Executive career with IBM, Mr. Ruppanner held General Manager positions in many IBM business units. Selected to lead development of a joint venture between KODAK and IBM, Mr. Ruppanner was a co-founder of TSS, a $1.3 billion technology service and support company. Joining Office Depot as a Vice President, he founded ''Uptime Services'', a new division providing small business technology installation and services.

An experienced Internet entrepreneur, Mr. Ruppanner served as:

-- VP of Marketing and Sales at Command Anti-Virus Software

-- President/COO of the first Internet VPN - HotOffice Technologies

-- CEO of SoftLock Services, software to protect Internet content
distribution
As President of Ruppanner Associates International, he consulted to the Internet casino/gaming industry.

Director - Executive Vice President - Steve Randall

With over 30 years of investment banking, e-commerce, marketing and regulatory experience encompassing both traditional and Internet casinos. Mr. Randall has met the qualifications established by the New Jersey Casino Control Commission on July 1, 1991. As principal of his own marketing company, which was issued a Casino Service Industry License he provided marketing services to major casinos in Atlantic City, NJ.

Mr. Randall has served as: Co-Chairman of Advanced Information Marketing (A.I.M) a pioneer database company Executive Vice President of Direct Communications Group, Inc. and President of Direct Marketing Concepts, Inc.

An experienced Internet and casino marketing executive, he assisted in the 1996 formation of CyberLuck Curacao, which included the drafting and negotiation of Cyberluck's master casino license. As an independent consultant, Mr. Randall has developed strong Internet casino relationships and expertise.

CasinoBuilders.com is the premier provider of turnkey marketing services and operational support to the Internet gaming industry. Recognized for creativity and innovation, the company is dedicated to ''Helping Internet gaming entrepreneurs turn their visions into successful companies''. For additional information about our company, please call our Investor Relations Department toll free at 1-877-638-2766.

Please note: Included in this press release are ''forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurances that such expectations reflected in such forward-looking statements will prove to have been correct.

--------------------------------------------------------------------------------
Contact:
CasinoBuilders.com, Inc.
1/877-638-2766
---------------------------------------------------------
Friday June 4, 9:01 am Eastern Time
Company Press Release
Magic Lantern Launches New Concept Internet Casino Marketing and Services Company
LAS VEGAS--(BUSINESS WIRE)--June 4, 1999--The Board of Directors of Magic Lantern Group Inc. announces a name change to CasinoBuilders.com, Inc. (OTC BB: CSNO - news). CasinoBuilders.com will provide worldwide management services, consulting, marketing and operational support to Internet casino owners. The company's mission is: ''To help International Internet casino entrepreneurs build their visions into successful companies.''

In addition to the name change, the Board of Directors approved a 2 for 1 forward split of shares as of May 18, 1999, increasing the number of issued and outstanding shares to 6,000,000 (six million), with authorized shares remaining at 50,000,000 (fifty million).

Additionally, the company issued 7,000,000 (seven million) shares subject to trading restrictions pursuant to a private sale, bringing the total issued and outstanding shares as of June 2, 1999 to 13,000,000 (thirteen million).

The 1998 Casino & Gaming Business Market Research Handbook predicted that the Internet gaming market could reach $100 billion to $200 billion in annual revenues by 2005. According to Datamonitor, online gambling turnovers have the potential to dwarf those of other interactive services, tapping into an existing traditional gambling market valued at over $700 billion in Europe and the US alone. Casinos, lotteries and sports books dominate the new market, allowing customers with an Internet connection and a credit card to gamble literally anywhere in the world. With the most successful services turning over more than $1 million per week, the current market value of $600 million is just the tip of the iceberg.

CasinoBuilders.com plans to be the premier provider of comprehensive services and support to the Internet gaming industry. For additional information please call toll-free 1-877-638-2766.

Please note: Included in this press release are ''forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurances that such expectations reflected in such forward-looking statements will prove to have been correct.

--------------------------------------------------------------------------------
Contact:

CasinoBuilders.com, Inc.
1/877-638-2766