STARNET - Starnet Announces Resignation of President of EFS Caribbean Inc. - 500 Beiträge pro Seite

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Starnet Announces Resignation of President of EFS Caribbean Inc.
<SNMM.OB>


Starnet Announces Resignation of
President of EFS Caribbean Inc.

ST. JOHNS, Antigua--(BUSINESS WIRE)--April 3, 2000--Starnet
Communications International Inc. (NASD OTC-BB: "SNMM") ("Starnet"),
an online provider of interactive media and information systems and a
recognized leader in Internet gaming, today announced the resignation
of Jack Carley as director and president of EFS Caribbean Inc.,
effective immediately. EFS Caribbean Inc. is one of Starnet`s e-cash
processing subsidiaries.
Mr. Carley stepped down from the company`s board in December 1999
to limit his responsibilities, and recently elected to remove himself
completely from managing Starnet`s operations to pursue other
interests.
Meldon Ellis, president and chief executive officer of Starnet
said, "Jack Carley helped build Starnet from a small start-up to a
company that today employs 200 people and is one of the leading
players in a market projected to generate $3 billion by 2002. As a
result of his efforts, we now have in place a sophisticated e-cash
processing division capable of not only servicing the growing needs of
our online gaming operations, but potential additional e-commerce
initiatives as well. We thank Jack Carley for helping to prepare
Starnet for significant long-term growth and wish him continued
success."
Jack Carley stated, "I am pleased with the progress we have made.
I strongly believe in the strategic direction Starnet is pursuing, and
have every confidence in the ability of Meldon Ellis and Starnet`s
management team to execute their plan. The tremendous talent of
Starnet`s executive team, the strategic restructuring of the company,
and the extensive market opportunities open to Starnet lead me to
believe that the future is very bright for this company. With the
company poised to enter a new level of growth, I believe this is the
appropriate time for me to step away from my day-to-day management
responsibilities and pursue other interests."
About Starnet
Starnet is a leading developer and producer of Internet
technologies for gaming applications. The company offers a full suite
of gaming products, including casinos, sports betting, bingo, lotto,
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 salesstarnetsystems.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".
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.
--30--jh/ny*
CONTACT: Starnet Communications International Inc.
Carey Nelson, Investor Relations Manager
Ph: 604/608-1818
Fax: [phone]
Rob Grace, Investor Relations Manager
Ph: 604/608-8733
Fax: [phone]
North American Toll - 1-888-883-0833
Outside N. America - 800-883-88338
Email - irsnmm.com
or
Ogilvy Public Relations Worldwide
Brad Miller, 212/880-5345


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