Date: Tue, 13 Jan 1998 07:57:13 -0800 From: response@starnetc.com (Response) To: response@starnet.ca Subject: Internet Gaming Message-ID: <19980113154341.AMK25160@starnet.ca>
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STARNET COMMUNICATIONS INTERNATIONAL INC.'S
SUBSIDIARY - SOFTEC SYSTEMS CARIBBEAN INC. -
SIGNS FIRST INTERNET GAMING LICENSEE
Wilmington, DE, January 13, 1998 - Starnet Communications International Inc. (NASD OTC-BB: SNMM) ("Starnet") is pleased to announce that its wholly owned subsidiary, Softec Systems Caribbean Inc., has licensed its first real-money Internet gaming system to Atlantis Gaming Inc. ("Atlantis").
Atlantis is a private corporation holding valid Internet gaming licenses in the country of Antigua, and will operate there under the trade name "CasinoLand"(http://www.casinoland.com/). With their on-line marketing expertise and control of substantial Internet traffic, Atlantis expects to host over 500,000 unique visitors per day at CasinoLand.
Atlantis will accept, process and manage real-money wagers worldwide via the Internet. Its gaming system features casino-style games such as Blackjack and Roulette, a "Sportsbook" with real-time betting lines from Las Vegas and Europe, and an international lottery ticket brokerage.
Some estimates suggest that the Internet gaming market could reach US $20 billion in annual revenues by the year 2000 (source: PC Computing magazine).
Starnet (http://icup.starnetc.com) is an interactive entertainment company that identifies and commercializes Internet technologies for established markets.
Starnet's wholly owned subsidiary Softec Systems Caribbean Inc. (http://icup.softecsystems.com) licenses complete, customized Internet gaming systems (such as CasinoLand) to valid third parties in exchange for participation in those licensees' net gaming revenues.
For further information, please contact our Investor Relations Consultants:
Toll-Free: (888) 777-6458
Telephone: (604) 685-7619
Facsimile: (604) 684-0391
E-Mail: response@starnetc.com
The statements in this press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and is subject to the safe harbour created by these sections. Actual results may differ materially from the company's expectations.
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