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Wednesday January 5, 9:10 am Eastern Time
Company Press Release
World Gaming Retains Amtote International as Tote Service Provider in
Antigua
ST. JOHNS, Antigua--(BUSINESS WIRE)--January 5, 2000--Starnet Communications International Inc. (NASD OTC-BB: ``SNMM``) (``Starnet``), an online
provider of interactive media and information systems and the recognized leader in Internet gaming, announced today that its wholly owned subsidiary, World
Gaming Services Inc., (www.worldgaming.net), has retained AmTote International, Inc. as the company`s tote service provider in the licensed jurisdiction of Antigua.
With over 65 years experience in the pari-mutuel wagering business, AmTote International, Inc., based in Hunt Valley, Maryland, is a leading designer, supplier and
operator of on-track and off-track wagering systems. AmTote installed the first electromechanical totalisator system at Arlington Park in 1933, and has since
continued to exhibit strength in engineering capabilities in the wagering industry.
Today, AmTote`s Spectrum Systems are configured as regional totalisator systems providing tote service from one central site to a variety of betting locations, and
thus the means for the expansion of on-track business through simulcast facilities. ``AmTote has invested millions of dollars over the past three years to develop new
and innovative technologies for the racing industry,`` said AmTote International`s president, Ted Mudge. ``We are very excited to have the opportunity to work with
the established leader in online gaming systems to implement this new technology.``
Meldon Ellis, chief executive officer of Starnet, said, ``We are also very pleased to be working with AmTote. This agreement secures the final, key element for our
simulcasting operations as we position ourselves to benefit from the strong growth and attractive margins in the online pari-mutuel industry. With an impressive array
of track simulcasting agreements and a high-caliber tote provider in place, we look forward to launching operations quickly and are excited about the additional
revenue streams our simulcasting operations will generate for Starnet.``
Paul Nyzuk, Starnet`s director of pari-mutuel operations added, ``Knowing that 81% of U.S. thoroughbred racing handle last year came from some form of
simulcasting, we have carefully developed a strategy that will enable us to rapidly tap into this tremendous market in unique fashion. Not only are the metrics
attractive, but also the competitive environment. We have found that many emerging Internet gaming companies targeting this market are simply booking wagers on
worldwide racing events. Not one penny is returned to the host racetrack, it`s horsemen or the state/province, presenting a significant market opportunity for the right
player.
``Starnet`s business model is better designed to capitalize upon the tremendous potential of this market,`` continued Nyzuk. ``Our strategy is to sign the same industry
standard agreements used to allow tracks and OTB facilities to exchange products/signals and introduce them to our massive online gaming distribution channel. This
results in a win-win situation for racing. By not accepting wagers from US or Canadian residents on US and Canadian tracks (unless appropriate regulatory approval
is granted), we are enabling international penetration and incremental revenue without any risk of cannibalizing the tracks` existing markets. As we expand into
international markets we will follow this same model, allowing the track the choice of blocking wagers from customers in the host`s country or surrounding area.``
Rollout of this new product is planned as a two-stage process that will allow Starnet`s customers to offer feedback on the racing system before the launch of the
interactive wagering interface. Starnet`s Website www.worldracetracks.com and all licensee Websites, without the wagering module, can be expected within 60
days. These sites will include live audio/video coverage, handicapping information, chat functionality, news and weather for all of our racing events. The complete
system, with the interactive wagering module, is anticipated to be ready for full implementation in spring 2000.
Starnet is a fully reporting US (Delaware) corporation, which is currently quoted on the Over-The-Counter Bulletin Board and commenced trading in September of
1997 under the symbol ``SNMM``.
The Wall Street Journal has described Starnet as ``one of the established leaders in Internet gaming and entertainment``.
Starnet is a leading developer and producer of Internet technologies for gaming applications. 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 filings with the Securities &
Exchange Commission.
Contact:
Laut Jason B. dauert es jetzt nur noch ein paar Wochen, bis die technischen Probleme beseitigt sind.
Gruß
buy
Company Press Release
World Gaming Retains Amtote International as Tote Service Provider in
Antigua
ST. JOHNS, Antigua--(BUSINESS WIRE)--January 5, 2000--Starnet Communications International Inc. (NASD OTC-BB: ``SNMM``) (``Starnet``), an online
provider of interactive media and information systems and the recognized leader in Internet gaming, announced today that its wholly owned subsidiary, World
Gaming Services Inc., (www.worldgaming.net), has retained AmTote International, Inc. as the company`s tote service provider in the licensed jurisdiction of Antigua.
With over 65 years experience in the pari-mutuel wagering business, AmTote International, Inc., based in Hunt Valley, Maryland, is a leading designer, supplier and
operator of on-track and off-track wagering systems. AmTote installed the first electromechanical totalisator system at Arlington Park in 1933, and has since
continued to exhibit strength in engineering capabilities in the wagering industry.
Today, AmTote`s Spectrum Systems are configured as regional totalisator systems providing tote service from one central site to a variety of betting locations, and
thus the means for the expansion of on-track business through simulcast facilities. ``AmTote has invested millions of dollars over the past three years to develop new
and innovative technologies for the racing industry,`` said AmTote International`s president, Ted Mudge. ``We are very excited to have the opportunity to work with
the established leader in online gaming systems to implement this new technology.``
Meldon Ellis, chief executive officer of Starnet, said, ``We are also very pleased to be working with AmTote. This agreement secures the final, key element for our
simulcasting operations as we position ourselves to benefit from the strong growth and attractive margins in the online pari-mutuel industry. With an impressive array
of track simulcasting agreements and a high-caliber tote provider in place, we look forward to launching operations quickly and are excited about the additional
revenue streams our simulcasting operations will generate for Starnet.``
Paul Nyzuk, Starnet`s director of pari-mutuel operations added, ``Knowing that 81% of U.S. thoroughbred racing handle last year came from some form of
simulcasting, we have carefully developed a strategy that will enable us to rapidly tap into this tremendous market in unique fashion. Not only are the metrics
attractive, but also the competitive environment. We have found that many emerging Internet gaming companies targeting this market are simply booking wagers on
worldwide racing events. Not one penny is returned to the host racetrack, it`s horsemen or the state/province, presenting a significant market opportunity for the right
player.
``Starnet`s business model is better designed to capitalize upon the tremendous potential of this market,`` continued Nyzuk. ``Our strategy is to sign the same industry
standard agreements used to allow tracks and OTB facilities to exchange products/signals and introduce them to our massive online gaming distribution channel. This
results in a win-win situation for racing. By not accepting wagers from US or Canadian residents on US and Canadian tracks (unless appropriate regulatory approval
is granted), we are enabling international penetration and incremental revenue without any risk of cannibalizing the tracks` existing markets. As we expand into
international markets we will follow this same model, allowing the track the choice of blocking wagers from customers in the host`s country or surrounding area.``
Rollout of this new product is planned as a two-stage process that will allow Starnet`s customers to offer feedback on the racing system before the launch of the
interactive wagering interface. Starnet`s Website www.worldracetracks.com and all licensee Websites, without the wagering module, can be expected within 60
days. These sites will include live audio/video coverage, handicapping information, chat functionality, news and weather for all of our racing events. The complete
system, with the interactive wagering module, is anticipated to be ready for full implementation in spring 2000.
Starnet is a fully reporting US (Delaware) corporation, which is currently quoted on the Over-The-Counter Bulletin Board and commenced trading in September of
1997 under the symbol ``SNMM``.
The Wall Street Journal has described Starnet as ``one of the established leaders in Internet gaming and entertainment``.
Starnet is a leading developer and producer of Internet technologies for gaming applications. 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 filings with the Securities &
Exchange Commission.
Contact:
Laut Jason B. dauert es jetzt nur noch ein paar Wochen, bis die technischen Probleme beseitigt sind.
Gruß
buy
Hi buy,
strike the show must go on.
Sehr gute Nachricht.
RAZ
strike the show must go on.
Sehr gute Nachricht.
RAZ
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