ISM Holding To Enter the Online Gaming Industry With Its Network Of Celebrity Athletes

Business Wire, April 5, 1999

INDIANAPOLIS--(BUSINESS WIRE)--April 5, 1999--ISM Holding Corp. (OTCBB:ISMH), announced today that the Company has signed an agreement with Softec Systems Caribbean Inc. ("Softec") a wholly owned subsidiary of Starnet Communications International Inc. (OTCBB:SNMM) to license its turn-key Internet gaming technology.

ISM's operations range from athlete management services for several professional sports figures and the solicitation of sponsorships and endorsements, to the ownership of automobile racing teams. ISM Holding Corp generates the majority of revenues related to its racing teams from sponsors, which pay from $50,000 to several million dollars for various types of sponsorship. Solicitations of sponsorships and endorsements for celebrities and athletes generate nearly half of ISM*s revenues in agreements with companies like Starnet Communications, and their participation in sports.

Bob Hancher, President of ISM Holding Corp. (www.ismh.com) stated, "We feel that we could comfortably bring in six to eight celebrity licensees from a number of professional sports including auto racing, golf, soccer, football, baseball, basketball, and boxing. This will provide an excellent source of significant revenue for both Starnet and ISM Holding. The entry of Playboy Enterprises (NYSE:PLA) and Harrahs (NYSE:HET) fully justifies our entry into this high growth sector of the internet. "

"We are happy to be working with Starnet Communications as they have established themselves as the top online gaming software company. Starnet's credibility, integrity and innovation have positioned them at the forefront of this exciting and booming industry," commented Gary Sallee, President ISM Marketing. "They exhibit the same philosophy as ISM, which is to be simply the best in their industry."

ISM Holding Corp 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 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."

Other publicly traded gaming related, companies include Atlantic International Entertainment (OTCBB: AIEE), Cryptologic (CRY.TO), Youbet.com (OTCBB: UBET), Galaxyworld (Nasdaq: GLXW) and Total Entertainment (OTCBB: TTLN).

For more information, please ISM Holding Corp at www.ismh.com

Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27 A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements are subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.