Business Services Industry
Poker.Com Enters Into Strategic Licensing Agreement With Starnet
Business Wire, Oct 17, 2000
Business Editors
VANCOUVER, B.C.--(BUSINESS WIRE)--Oct. 17, 2000
Casino Marketing S.A., a wholly owned subsidiary of Poker.com, Inc. (OTCBB:PKER), a leading provider of online gaming systems, has entered into a master Licensing agreement with Starnet Systems International Inc. a wholly owned subsidiary of Starnet Communications International Inc. (NASD OTC BB: SNMM.OB) to provide Poker.com, Inc. with a Sportsbook and a full suite of state of the art Casino Games both Java script and downloadable.
Michael Jackson, CEO of Poker.com said: "Poker.com regards the Starnet gaming software as the best and most comprehensive gaming software system on the Internet today. This license will compliment our Multi-player Poker software and position Poker.com as one of the leading software suppliers on the Internet. I believe that this strategic relationship will be highly productive to both Starnet and Poker.com."
Poker.com will provide Starnet with a variety of advertising services on the Poker portal, www.poker.com, including advertising banner placement and sponsorship of the Poker.com News Letter.
This license will enable Poker.com to sell sub-licenses for operating the Starnet Java Script and downloadable Casino games, which will include:
1. Card Games - Blackjack
Caribbean Poker
Red Dog
Battle Royale
Baccarat
Free Ride
Pai Gow Poker
2. Video Poker - Deuces Wild
Kings of the Deck
Jacks or Better
Jokers' Wild
3. Various Games - Craps (dice game)
Sic-Bo (dice game)
Roulette (table game)
Magic Hat (slot machine)
Gold Rush (slot machine)
4. Sports Book
5. Bingo
6. Horse Racing (TO FOLLOW)
7. Lottery (Keno) (TO FOLLOW)
Poker.com will earn Licensing fees and ongoing royalty fees from the sale of sub-licenses using the Starnet System. We believe that with the Starnet system, we will substantially increase the sale of Casino sub-licenses and increase royalty revenue. By offering the Starnet System, Poker.com expects to become the largest gaming Licensor on the Internet within the next 12 months.
About Starnet
Starnet is a leading developer and producer of Internet technologies for gaming applications. Products currently offered and under development comprise a full suite of gaming products, including casinos, sports betting, bingo, lotteries, and horse racing. The Wall Street Journal described Starnet as 'one of the established leaders in the Internet gaming and entertainment'.
About Poker.com
Poker.com, Inc. (PKER.OB) a fully reporting NASD OTC BB company, is a licensing and marketing company that sells and sublicenses Internet Poker, Casino, Sportsbook and Bingo gaming systems and has the exclusive worldwide rights to market the poker.com domain name. The company's main sources of revenue are derived from sub-licensing fees, ongoing royalty fees, an opt-in advertising program, banner advertising, and retail e-commerce sales.
It is Poker.com, Inc.'s mission to establish www.poker.com as the most popular gaming portal site on the Internet. Poker.com, Inc. is fully utilizing the marketing potential of its widely recognized domain to position itself as the leading gaming software vendor and online gaming portal on the Internet.
This press release may contain forward-looking statements, particularly as related to the business plans of the company, within the meaning of Section 27A of the Securities Act of 1993 and Sections 21E of the Securities Exchange Act of 1934 and are subject to the safe harbor created by these sections. Actual results may differ materially from the company's expectations and estimates.
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