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Revolutionary Software Positions Company for Long-Term Growth St. Johns, Antigua, July 18, 2000 - Starnet Communications International Inc. (OTC-BB: "SNMM") ("Starnet"), an online provider of interactive media and information systems and a recognized leader in Internet gaming, announced today the scheduled rollout of its new suite of I-gaming software, Beyond2000. Beyond2000 is a comprehensive suite of gaming products including multi-player bingo, instant play and downloadable casino and lottery games, pari-mutuel wagering, and sports betting. The software`s customization features and maximum functionality will make it the most advanced and effective I-gaming solution available. Starnet developed Beyond2000 in response to demand from licensees and players to recreate a more complete gaming experience. Starnet`s Beyond2000 will accomplish this by creating a "one-stop shop" of the most entertaining and interactive games in the Internet marketplace to date. Meldon Ellis, president and chief executive officer of Starnet said, "With Beyond2000, Starnet will offer more products than any other I-gaming company on the Internet today. The breadth, technology and features of our products, including maximum functionality from both online and downloadable versions of Beyond2000, reaffirm our status as the leading I-gaming software provider. We are excited about the launch of our new software, and the revenue it is projected to generate for Starnet going forward." Benefits to existing and potential licensees of Beyond2000 will be extensive, and include the following: * Licensees will be able to differentiate themselves from competitors by providing customers the ability to open one account and play the broadest, most exciting array of I- gaming products available. * Comprehensive management, accounting and marketing software will provide unparalleled data and customer behavior analysis for licensees and partners. * A "Command Center" will provide licensees greater control over aspects of their casino such as slot machine payouts, "comp" points and promotions and increase customization options. * Advanced customer service tools and state of the art fraud screening utilizing ANNs (Artificial Neural Networks) will enhance licensee abilities to manage customer relationships. The Beyond2000 product line will also deliver significant strategic benefits to Starnet: * Upon completion of the software rollout, Starnet will be the only company to provide a full suite of gaming products in both C++ and Java. * By delivering maximum flexibility and choice to customers, Starnet will establish a distinct competitive advantage in a fragmented market. * Beyond2000 will make Starnet the clear choice for partners looking to tap into the dynamic I-gaming industry, as well as for prospective licensees, whether they are land- based operators, major Internet organizations, or governments. Jason King, chief executive officer of Inphinity Interactive Inc., Starnet`s software development arm, said, "The open architecture and scalability of our new software suite will enable Starnet to capitalize on the anticipated consolidation within the I-gaming industry. Our products are engineered to facilitate integration. "In addition," King added, "unlike our competitors, who have opted to upgrade their products on old platforms, the entire Beyond2000 product line has been totally rebuilt from the ground up, introducing a new code base and creating a platform that can quickly accommodate additional components, games and upgrades. What this means is that, while in the future we will be able to simply upgrade our packages, our competitors will be forced to follow our lead and develop new solutions. We have effectively raised the bar for software and services in I-gaming and positioned Starnet as a leader." The initial software release will begin in August with the launch of the Beyond2000 Java Games, which include a wide variety of lottery and casino games as well as a multi- player bingo game. Initial rollouts of the company`s new e-commerce system, as well as brand new reporting and backend tools for all Starnet licensees, are also scheduled. All of these components will be available by the end of August on Starnet`s Worldgaming.com Web site, and then gradually phased in on each Starnet licensee Web site. The Beyond2000 product line will offer numerous innovative features, such as 3D graphics, multi-player games, chat functions, private tables, a player rewards program and multi-language formats. Open architecture and a flexible component structure will also allow licensees to add new games and products easily, customize payout ratios on individual games and offer instant special promotions. The Starnet Seal of Approval, which, through independent testing, guarantees the integrity of Starnet`s software, will back all new and existing offerings. A preview of many of these products is currently available on the Starnet Systems Web site at http://www.starnetsystems.net/newproducts/ For more detailed information on these new products or background on the I-gaming sector, please visit our Web site at www.snmm.com. 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. Games are available in a number of different formats including Java, C++ and HTML, and comprehensive marketing support software is also provided. For more information, please visit www.snmm.com or email sales@starnetsystems.net. Starnet is a fully reporting US (Delaware) corporation, which currently trades on the National Association of Security Dealers ("NASD") Over-The-Counter Bulletin Board. The company began trading in September of 1997 under the symbol "SNMM". Starnet is also listed on the Berlin Stock Exchange, where it is traded on the Over-The-Counter market under the symbol "SNM". CONTACT: Starnet Communications International Inc. Carey Nelson, Investor Relations Manager Ph: (604) 608-1818 Fax: (604) 608-6163 Rob Grace, Investor Relations Manager Ph: (604) 608-8733 Fax: (604) 608-6163 North American Toll - 1-888-883-0833 Outside N. America - 800-883-88338 Email - ir@snmm.com Or Ogilvy Public Relations Worldwide Brad Miller Ph: (212) 880-5345 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 filings with the Securities & Exchange Commission. |
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| aus der Diskussion: | Warum steigt Starnet so? |
| Autor (Datum des Eintrages): | Dar (19.07.00 10:10:51) |
| Beitrag: | 3 von 5 (ID:1351047) |
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