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Starnet Welcomes Two Additional Softec Licensees

Business Wire, March 2, 1999

WILMINGTON, Del.--(BUSINESS WIRE)--March 2, 1999--Starnet Communications International Inc. (OTC Bulletin Board:SNMM) ("Starnet") is pleased to announce that it has signed two additional licensing agreements for its Internet gaming technology, Regency Internet Gaming Systems Inc. ("Regency") and Atlantic West Gaming Entertainment Ltd. ("Atlantic").

Web sites where they will be implementing the Softec system will be announced closer to the launch of their operation.

Each new licensee will be supplied with a customized, full-service Internet gaming system, including virtual Casino games, a Sportsbook with real-time odds fed from Las Vegas and Europe, and simulcast horse and dog racing (no wagers taken at this time). The licensees' customers will be able to place wagers via a secure online financial transaction system. The Internet gaming technology is licensed through Starnet's wholly owned subsidiary, Softec Systems Caribbean Inc. ("Softec").

Paul Giles, Starnet's president commented, "We are very excited about our alliance with these newest licensees. I am very pleased with the progress our Softec subsidiary has made. This wholly owned subsidiary of Starnet's, formed just one year ago, is already recognized as a world's leading supplier of Internet gaming technology and solutions".

Starnet would also like to announce that International Gaming Ltd. has decided not to pursue their venture of its Internet casino. This will have no significant negative impact on the revenues generated through Starnet's subsidiary Softec Systems Caribbean Inc. ("Softec").

$10 billion US will be gambled online by the year 2002 (DataMonitor, 06/98). Forbes magazine has described Starnet as "the Microsoft of casino software vendors."

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

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.

COPYRIGHT 1999 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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