Starnet: 4. Quartal 2000 + 0,02 US$ wieder in der Gewinnzone - 500 Beiträge pro Seite

[RAZ]

Die Zahlen sind raus. Der Gewinn für das 4. Quartal betrug 0,02 US$, das entspricht einer Steigerung zum Vorjahresquartal in Höhe von 91 %.

Das Jahresergebnis ist aufgrund des 3. Quartals 2000 nicht so gut ausgefallen.

Aber lest selbst:

STARNET COMMUNICATIONS 4TH-QTR NET 2C-SHR VS 3C

(The following is a reformatted version of a press release issued by Starnet Communications.)

STARNET REPORTS FOURTH QUARTER AND YEAR-END RESULTS

Company Reports 186% Increase In Revenues for FY 2000

St. Johns, Antigua, July 31, 2000 - Starnet Communications International Inc. (OTC-BB: "SNMM") ("Starnet" and the "Company"), a leading provider of proprietary software for the Internet gaming industry, today reported results for the fourth quarter and year ended April 30, 2000. Key elements include the following:

ú The Company`s results for fiscal year 2000 were significantly impacted by an ongoing investigation by Canadian legal authorities. Therefore, the Company believes that period to period net earnings are not representative of normal operations. ú Fourth quarter revenues were $5.5 million and full year revenues reached $17.9 million, up 91% and 186%, respectively, compared to the same periods las year. For the full year, a loss in net income of $3.3 million was recorded. Th Company`s equity as of April 30, 2000 was $19.4 million, including $7.0 millio in funds restricted by Canadian authorities. Total operating expenses were $17 million, including extraordinary charges of $3.8 million related to the RCMP investigation. ú Earnings per share in the final quarter were $.02 on 31.9 million shares outstanding, after recording the income on the sale of discontinued operations The loss per share for the year 2000 was $.12 on 29.6 million shares outstanding. ú For the fiscal year 2001, the Company expects to be cash flow positive. ú The Company generated cash from operations of just under $1 million in the fourth quarter.

President and Chief Executive Officer Meldon Ellis said, "Results for fiscal year 2000 were consistent for a company that incurred significant development expenses related to software production, infrastructure and reorganizational activities. Throughout fiscal year 2000, our company has been focused on product development, improving our sales, marketing and service capabilities and establishing a secure platform for rapid growth through our core software business and additional planned online pari-mutuel and lottery capabilities. While we expect our operating expenses to rise further in the first half of next year as we gear up for a major software release, we anticipate becoming cash flow positive in fiscal year 2001. In sum, despite experiencing significant negative financial impact from the investigation by Canadian legal authorities this year, we have continued to grow the business, enhanced our competitive position and are excited about our prospects going forward."

Operating Conditions and Transactions

In order to increase focus on its core I-gaming business and to ensure full legal compliance in Canada, the Company divested its adult entertainment division and initiated a restructuring of its operations in fiscal year 2000. The restructuring, designed to clarify the distinction between the company`s operational and development functions, resulted in relocating to Antigua all activities either directly of indirectly related to the Company`s gaming operations.

The Company succeeded in maintaining its position as a leader in I-gaming. Significant investments in software development made during fiscal year 2000 will provide Starnet with the industry`s broadest offering of I-gaming products. The investment in software development, costs related to operational restructuring and significant legal expenses and provisions relating to the investigation, resulted in operational losses for the year.

Fiscal Year 2000 Results

Total revenue from continuing operations for the fiscal year 2000 jumped 186% to $17.9 million, up from $6.3 million in 1999. Growth was driven by a 198% increase for the year in Starnet`s core royalty and fee revenue, while licensing revenue grew 150%. A significant increase in expenses led to a loss from continuing operations for the year 2000 of $4.5 million compared to an income of $1.0 million in 1999. The net loss for the year was $3.3 million compared to net income in 1999 of $2.0 million. As a result, basic loss per share was $0.12 compared to basic earnings per share of $0.09 last year. The increase in expenses was primarily due to significant investments during the year in software development and corporate infrastructure to position the Company for continued growth. The Company also incurred substantial costs related to an ongoing investigation by Canadian authorities. The investigation indirectly or directly resulted in a $1.7 million bad debt provision against licensees adversely affected by the August 1999 RCMP raid on Starnet`s Vancouver office and a large portion of the $2.1 million in legal costs.

For the three months ended April 30, 2000, revenues increased 91% to $5.5 million from $2.9 million in the same period last year. The loss from continuing operations for the quarter was $0.7 million after the inclusion of additional legal costs and bad debt provision totaling $0.5 million relating to prior quarters. After a gain of $1.6 million on the sale of the interactive media division and a loss of $0.2 million from the pre-sale operations of the division, Starnet reported net income of $.7 million for the quarter compared to net income of $.5 million for the same quarter in 1999.

Selected Income Statement Information

(Amounts stated 4th Year 4th Year in thousands of Quarter ended Quart ended US dollars, 2000 April er April except per share 30, 1999 30, 1999 disclosure) 2000 Revenue $5,508 $17,881 $2,88 $9,773

6 Gross profit $3,913 $12,738 $2,77 $5,380

3 Income (loss) $(688) $(4,462 $612 $1,031 from continuing ) operations Net Income (loss) $714 $(3,255 $803 $2,042

) EPS - Basic $0.02 $(0.12) $0.03 $0.09

Selected Balance Sheet Information

(Amounts stated in April April thousands of US dollars) 30, 2000 30,

1999 Cash & cash equivalent $5,984 $5,000 Working capital $6,238 $7,167 Total assets $27,983 $13,439 Long Term Debt $503 $461 Retained Earnings $(2,371) $884 (Deficit) Total stockholders $19,376 $9,420 equity

Financial Highlights: Fiscal Year 2000 vs. Fiscal Year 1999 ú Revenue increased 186% ú Cash used in operating activities totaled only $0.6 million of the report

net loss of $3.3 million ú Fourth quarter net cash provided by operations was $1.0 million compared

net cash used of $0.8 million for the same period in 1999. ú Total shareholder`s equity after the adjustments and provisions remains

over $19 million ú Over $125 million in secure deposits was processed in 2000, an increase o

over 300% compared to 1999 ú Sale of the interactive media division resulted in a gain of $1.6 million

Recent Developments

On July 18, 2000 Starnet announced the scheduled rollout of its new 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.

On June 29, 2000, Starnet officially launched its affiliate program, designed to support Starnet`s industry-leading licensee base and expand the company`s existing revenue streams by providing licensees value-added marketing services.

On May 3, 2000, Starnet announced agreements to license its proprietary Internet gaming technologies to Star Media Entertainment Inc., Yeteck Entertainment Inc. and Internet Empire Entertainment Ltd., all of Antigua. These transactions represent sustained momentum in Starnet`s core I-gaming operations and the Company`s intent to grow globally,

Conference Call

Starnet invites investors to participate in the company`s quarterly conference call at 16:30 EST by calling 1-877-823-6611 (domestic, within North America) or 416-640-1907 (international, overseas). Access to the conference call will also be available on Vcall on the Internet at 17:30 EST at www.investorbroadcast.com. To listen to the Internet broadcast, please go to the Web site at least 15 minutes prior to the call to register, download and install any necessary audio software.

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, 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 [e-mail].

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: [phone] Fax: [phone] Rob Grace, Investor Relations Manager Ph: [phone] Fax: [phone] North American Toll - 1-888-883-0833 Outside N. America - 800-883-88338

Email - [e-mail]


Schönen Abend

RAZ

[Fra Diabolo]

also nur profitabel weil die porn seiten weg sind.

was das wohl für den kurs bedeutet?

f.d.

[Dr Fred]

Hey Fra Diabolo,

ich weiß nicht genau, ob du Recht hast. Fallen die Pornos wirklich ins letzte Quartal. Auf Raging sind sie auf jeden Fall ganz happy. Scheint morgen kein Blutbad zu geben.

[RAZ]

Nein, nicht wegen der Pornoseiten. Weil der Gewinn zum Vorjahr um 186 % gestiegen ist.

RAZ