Starnet, veröffentlichung der QT 3 Zahlen 14.03.00 - 500 Beiträge pro Seite

[ukrupp]

Hallo Starnetties,
wie ich soeben auf dem Ragingbullboard las, wird Starnet am 14.03.2000 nach Börsenschluß seine Zahlen auf dem Tisch legen. Hier eine Kopie des Postings von Rob Grace aus dem Bullboard:Hi,

The earnings will be released after market on Mar.14 and the conference call will be at 1:30PST, 4:30EST. The call will also be webbroadcast at www.vcall.com
DOMESTIC DIAL IN#: 1-800-361-1028 (Domestic within North America)

INTERNATIONAL DIAL IN#: [phone] (International, overseas)

Quelle:http://www.ragingbull.com/mboard/boards.cgi?board=SNMM&read=…

Also Starnetties, gebt mal nen Tip ab, wie die Zahlen aussehen werden.
Rechne mit einem Gewinn von etwa 5 cent. Wer bietet mehr?
Gruß aus Kölle
Udo

[runaway2]

Hi Udo !

Rechne mit:
Einnahmen: 5.3 Mio.
Ausgaben: 4.15 Mio.

Netto-Gewinn: 1.15 Mio. = 4 Cents / Aktie

Hoffe, dass ich mit meinem "konservativen" Tipp falsch liege,
und wir zumindest bei den Einnahmen um einiges höher liegen !!!
Was den tatsächlichen Gewinn betrifft, ist es mir eigentlich egal.
Möchte nur, dass wir auf der Umsatzseite kräftig zulegen !!!

Gruß aus Stuttgart !

runaway2

[Mickey Mouse]

Hi,

beim Gewinn bitte nicht zu hoch greifen. Er könnte niedrig (1 Cent / Aktie) ausfallen wegen außerordentlicher Ausgaben.

Viel wichtiger ist der Anstieg der Umsätze. Letztes Quartal waren es glaube ich 377%. Wenn es diemal mehr sind wäre das eine Sensation.

Also: nicht auf den Gewinn, sondern auf die Umsätze schauen. Internetwerte brauchen in den ersten Jahren keinen Gewinn (siehe Brokat, Intershop, ...) und die Aktei geht doch ab.

Übrigens ist Worldracetracks.com aktiv!!!

http://www.worldracetracks.com/flashframedef.html

Sieht toll aus...

MM

[moneyfuchs]

hallo Leute,

vielleicht liegen die Einnahmen und der Gewinn doch höher als
erwartet, weil die Pornosparte doch noch dazu beigesteuert hat.

mfg moneyfuchs

[Mr. Bucket]

Wenn ich mich recht entsinne, hte diePornosparte letztes Quartal ein Minus eingefahren....

Ich beurteile es auf jeden Fal als gut, daß jetzt nicht irgendwelche aberwitzigen SPekulationen aufkommen mit Schätzungen von 10 cents / share oder ähnliches. Wir komen in ruhigeres Wasser, weniger Zocker, langfristig bestes Potenzial

MfG
Ingmar

[StarnetGermany]

es ist nahezu unmoeglich,aufgrund der ausserordentlichen kosten,irgendeine prognose zu den zahlen abzugeben,daher bleibt es uns nichts anderes uebrig als uns ueberraschen zu lassen..

SG

[ds_rna]

sehe es ähnlich wie mickey:

max 0,02 / share

die nächsten quartale werden dann hoffentlich besser !

stay long !

ds_rna

[gutemine1]

Hi,
dann wollen wir mal hinhören:

(COMTEX) B: ATG, Flour City International, Starnet Communications Int
B: ATG, Flour City International, Starnet Communications International, Partner Communications, and Bitwise Designs Conference Calls to be Broadcast On Investor Broadcast Network Over the Internet

PHILADELPHIA, Mar 10, 2000 (BUSINESS WIRE) -- ATG Inc. (NASDAQ: ATGC),
Flour City International, Inc. (NASDAQ: FCIN), Starnet Communications
International Inc. (OTC BB: SNMM), Partner Communications Company
Limited (NASDAQ: PTNR), and Bitwise Designs, Inc. (NASDAQ: BTWS) will
broadcast their investor communication conference calls over the
Internet, Investor Broadcast Network (f/k/a Vcall) announced.

ATG Inc. will broadcast its quarterly earnings conference call on
Wednesday, March 15, 2000 at 11 AM EST. This call can be accessed at
http://www.vcall.com/static/startframeset.asp?companyid=3211." target="_blank" rel="nofollow ugc noopener">http://www.vcall.com/static/startframeset.asp?companyid=3211.

Flour City International, Inc. will broadcast its quarterly earnings
conference call on Wednesday, March 15, 2000 at 11:00 AM EST. This call
can be accessed at
http://www.vcall.com/static/startframeset.asp?companyid=3280." target="_blank" rel="nofollow ugc noopener">http://www.vcall.com/static/startframeset.asp?companyid=3280.

Starnet Communications International Inc. will broadcast its quarterly
earnings conference call on Tuesday, March 14, 2000 at 4:30 PM EST.
This call can be accessed at
http://www.vcall.com/static/startframeset.asp?companyid=3208." target="_blank" rel="nofollow ugc noopener">http://www.vcall.com/static/startframeset.asp?companyid=3208.

Partner Communications Company Limited will broadcast its 1999 Year End
Financial Results conference call on Tuesday, March 14 2000 at 12:00 PM
EST. This call can be accessed at
http://www.vcall.com/static/startframeset.asp?companyid=2071." target="_blank" rel="nofollow ugc noopener">http://www.vcall.com/static/startframeset.asp?companyid=2071.

Bitwise Designs, Inc. will broadcast its conference call and Web cast
on Monday, March 13, 2000 at 1:00 PM EST. It will discuss the executive
appointment of Nick Themelis - a member of the Company`s Board of
Directors - as the Company`s Chief Technology Officer to assist in the
launch of its new Internet service, AuthenticDate.com and to aid in the
development of Internet Standard Time (IST)(TM). Mr. Themelis has over
16 years of experience working with high technology systems and
assisting new technology ventures in implementing their business plans.
Mr. Themelis was formerly Senior Vice President of the e-Commerce
Technology Group and the Private Client Technology Group at Lehman
Brothers (NYSE: LEH) where he has been responsible for developing
Lehman`s technical Internet strategy. Bitwise will also discuss
additional corporate developments. For additional information regarding
Bitwise Designs, Inc. please contact Loren Brown of Continental Capital
at 407-682-2001 or by e-mail at [e-mail].

These events are available through Investor Broadcast Network`s Vcall
website, located at http://www.vcall.com. Listeners should go to the
website at least fifteen minutes before these events to register,
download, and install any necessary audio software. For those unable to
attend the live broadcast, a replay will be available beginning
approximately one hour after the event. There is no charge to access
any event.



About Investor Broadcast Network

Investor Broadcast Network, founded as Vcall in 1997, is the leading
webcaster of investor events covering over 1200 public companies. The
Company provides compelling investor content direct from companies and
experts to more than 450,000 registered users through its Vcall,
RadioWallStreet and Investor Conference broadcast services. Vcall gives
investors a front-row seat at corporate investor relations conference
calls from more than 600 public companies. Vcall webcasts include
earnings releases, shareholder meetings, and financial community
presentations.

For more information on Investor Broadcast Network visit
www.investorbroadcast.com.

Copyright (C) 2000 Business Wire. All rights reserved.

Gruss

[jiannis]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[GordonG]

hallo jiannis,

habe mich seit ewigkeiten nicht mehr zu wort gemeldet. da ich auf einigen kilos sitze und die buchverluste mittlerweile mit hrct, adelong, cmrc, cyber-care, futurlink wettgemacht habe, freue ich mich auf neue (und dann hoffentlich positive news) über starnet. bin nicht mehr so ganz auf dem laufenden. übrigens, was heisst AGM???
ich hörte was von einer deutschen starnetinsel-wie kann ich mich einloggen?
kannst mir ja unter [e-mail] oder hier die antworten posten...wäre sehr sehr nett.
schönes wochenende
GordonG

[Fugazi]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Birger]

Hallo Freunde,
ich habe meine Depotleiche auch noch !!!

Sieht mittlerweile doch wieder ganz gut aus, ich bin bald wieder auf Null !!!


Bin gespannt auf Montag.

Ciao

[hokuhe]

Wir waren auf dem Weg und wurden jäh gestoppt. Jetzt sind wir wieder auf dem Weg, but nothing can stop us now.

Holger

ukrupp = uwe krupp ?

[Dr Fred]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[ukrupp]

Hi hokuhe,
nein, bin nicht der Uwe, sondern der Udo.
Gruß
Udo

[moneyfuchs]

hallo Dr. Fred,

genau darauf spekuliere ich mit meinen 5000 Stück, daß in 1 bis 2 Jahren
irgendwo steht, hätten Sie 10000 DM 1999 in SNMM investiert, wären sie jetzt
Millionär. SNMM war mal mein größter Depotwert im Juli 1999, nun sind
sie nur noch einer unter vielen, ich hoffe aber nicht mehr lange.

mfg moneyfuchs

[buy]

Tja, nun ist es bald so weit! Noch 34 Stunden dann wissen wir mehr und jede Spekulation ist dahin. Aus diesem Grund will ich auch keine richtige Prognose abgeben. Ich stimme jedoch jiannis zu und denen, die es so auch gemeint haben. Denken wir doch mal an die letzten Zahlen. Da haben sie gleich noch eine positive PR, die mit dem Kredit, mit den etwas enttäuschenden Zahlen bekanntgegeben. Vielleicht erleben wir das morgen wieder; z.B. Woldbroadcastc wird der Öffentlichkeit bekannt gegeben oder erste Details zu der RCMP Geschichte oder....
Jetzt fang ich ja doch an zu spekulieren und das wollte ich eigendlich nicht. Nun ja, freuen wir uns auf Morgen und auf eine hohe Beteiligung anschließend im Chat. ( siehe Post auf der D-Island )

Gruß
buy

[Börse go]

Was meint Ihr, sollte man morgen nochmal krätig nachlegen?
An alle Charttechniker wie weit könnten Starnet
im ersten Anlauf bei entsprechend schlechtem Umfeld
und miesen Nachrichten ´gen Süden laufen?...

Für alles wissenswerte mal besten Dank im voraus!

Börse go

[buy]

SNMM bei 6,25 , also kein Run vor den Zahlen (noch nicht)!
Die Frage aller Fragen, Run nach den Zahlen am Mittwoch ?

Ein hoffender
buy

[Mr. Bucket]

So was dummes, ich hab morgen CDU Sitzung , am Chat kann ich leider nicht teilnehmen, aber was soll es denn auch. Fest steht, nach den Starnet Zahlen kommt der PAR Report von Mr. Dutton, fragt isch nur, ob der ein konkretes Kursziel nennen wird..

MfG
Ingmar

[terra1]

Wie, bitte, komme ich in den Chat?
Danke.
terra1

[didibalt]

STIMMT HERR BUCKET,
es ist etwas DUMMES auf eine CDU - Parteisitzung zu gehen!!!
BIS DANN DENN!!!!

[buy]

Hi terra1

Ich spreche von der deutschen Starnet Island. Stelle deine E-mailadresse rein und ich schicke dir eine Einladung oder wende dich an jiannis, der seine E-mailadresse auch schon mal irgendwo hier reingestellt hat.

Gruß
buy

[Mr. Bucket]

Ignorant

[M5_2011]

Lass dich nicht unterkriegen Mr. Bucket,
mit der CDU gehts genauso wie mit SNMM
auch bald wieder aufwärts.

Ich glaube jedoch mit Starnet etwas schneller.

MfG

[redsack]

STARNET REPORTS 204% INCREASE IN REVENUES IN
THIRD QUARTER BEFORE ADJUSTMENTS

Company Takes One-Time Restructuring Charge;
Expects Strong Core Business to Continue
Driving Revenue Growth


St. Johns, Antigua, March 14, 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, today
reported results for the three-month and
nine-month periods ended January 31, 2000.

The company recorded a 157% increase in third
quarter revenues to $4.4 million compared to
$1.7 million in the quarter ended January 31,
1999. This increase was the result of a
significant increase in Starnet`s core
licensing business and related royalties,
less a $0.8 million one-time revenue
adjustment, as explained below. Operating
expenses, including $3.8 million in one-time
expense adjustments and provisions, increased
to $7.4 million, resulting in a reported net
loss from operations for the quarter of $4.7
million.

The underlying business, before adjustments,
generated net sales of $5.2 million for the
quarter, representing year on year growth of
204%. The net loss from operations before
one-time adjustments was $0.1 million
compared to a net income of $0.5 million in
the same quarter in the previous year.

Net sales for the nine months ended January
31, 2000 increased 267% to $12.4 million from
the same period last year. However, the one-
time adjustments and provisions resulted in a
net loss from continuing operations of $3.8
million for the year to date.

"Starnet had a solid third quarter", said
Meldon Ellis, president and chief executive
officer of Starnet. "We continue to
experience strong demand and growth in our
core business, and once again saw ongoing
royalties from operating licensees increase
by over 30% from the previous quarter. We
recognize, however, that our expenses have
grown disproportionately, in part from
considerable costs associated with
development of our new software products,
Starnet Systems 2000. In future quarters, we
expect to return to net income margins
previously obtained."

Ellis added, "We are pleased with our many
accomplishments during this quarter,
particularly with our focus on improving the
business model and building our management
team. The addition of top talent to our
management team and board of directors during
this quarter confirms the tremendous
potential of Starnet."


Third Quarter Highlights: 2000 vs. 1999

* Starnet restructured its operations to
ensure legal compliance and establish a
secure platform for future growth
* Starnet expanded its management team and
board of directors, securing prominent
business leaders from the Internet and horse
racing industries
* The company retained Amtote International
as its tote service provider and prepared to
launch its pari-mutuel Web site
Worldbroadcasts.com
* Revenue before adjustments increased 204%
* Accounts receivable dropped 55% to $3.0
million from $6.6 million as at October 31,
1999
* Total shareholder`s equity after the
adjustments and provisions remains over $18
million


Commenting on the one-time charges, Martin
Mullally, vice president of strategic
planning, stated, "As part of our strategic
restructuring program, we have performed an
in-depth, comprehensive review of our
licensee operations, our internal policies,
and our underlying business model. As a
result of this review and the operating
policy changes, we have recorded several
adjustments and provisions that impact
Starnet`s financial results for the quarter
and nine months ended January 31, 2000. We
want to emphasize to our investors that our
business model remain sound and these
accounting measures announced today do not
affect our aggressive growth strategy.

Mullally added, "The company has revised the
qualifications necessary to obtain Starnet
software and now requires demonstrated
Internet marketing experience, as well as
sufficient funds to spend on acquiring and
retaining customers. Starnet management is
confident that these measures will provide
the basis for stable, secure growth going
forward."

Charges taken by Starnet in the third quarter
consist of the following:

- A bad debt provision of approximately $1.4
million, resulting predominantly from 14
licensees that were indirectly affected by
the Canadian authorities` investigation into
Starnet`s operations. Starnet initially
recognized this revenue when it entered into
contracts with the licensees, customized
their Web sites, and delivered the software.
However, several licensees failed to generate
sufficient Web site revenues to pay Starnet
the royalty and license fees required by
their contracts. Combined, these licensees
contributed less than 5% of Starnet`s royalty
revenues.
- A reduction of $806,000 in royalty revenues
due to an overestimate of royalty revenues
from a major licensee and an increase of
$160,000 in operating expenses due to an
understatement of fees payable to the same
licensee for periods prior to November 1,
1999.
- Legal expenses of $412,000 for the nine
months ending January 31, 2000, stemming from
corporate restructuring and litigation.
- A provision of $1.5 million to cover the
anticipated future legal costs to defend the
company against the investigation and various
legal actions and to finalize the corporate
restructuring.
- An expense of the remaining $473,000 in
deferred software development costs to
recognize the diminished value of this asset
due to the planned release of Starnet Systems
2000.

"Although these adjustments impact Starnet`s
third quarter and nine-month results, it is
important to note that our business remains
strong", said Ellis. "The adjustments
announced today in no way impair our ability
to execute our strategic plans going forward.
We look forward to continued strong top line
revenue growth in fiscal 2001."

Starnet invites investors to participate in
the company`s quarterly conference call at
16:30 EST by calling 1-800-361-1028
(domestic, within North America) or 800-0022-
8228 (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. 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 [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]

Or

Ogilvy Public Relations Worldwide
Brad Miller
Ph: [phone]


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.

[The Edge]

klingt eher bescheiden :-(((((

[GENlUS]

...und hier die news aus der CC:



strong revenue growth; continuing demaind;

online gaming industry projected 3 billion by end of 2002, 1 billion end of 1999, dramatic growth, consistent quarterly increases, expect to continue, competition will increase, mgmt restructured operations to protect from legal review, to establish secure growth platform,

this quarter took ONE TIME charges and revised policy, results for quarter leave us very enthusiastic about potential going forward

press release numbers for quarter: 157% increase to $4.4 million compared to $1.7 last year; increase in royalties and core licensing fees; operating expenses increased to $7.4 million; underlying business net sales $5.2 million

growth strategy expanding internationally to where gaming is legal and regulated; strategy of alliances and acquisitions; focusing on increasing return for licensees; increased royalties;

we believe we`ve identified several market opportunities; include paramutuals; worldracetracks.com; video streaming online; wagering model delivered at end of summer; online lotteries and bingo, products during summer; developing next few months, java games and revising existing casino software to provide more flexibility and opportunities to licensees to expand revenues;

moving quickly to expand on global opportunities; plan to be leader;

RECENT EVENTS
shareholder suits: untrue, retained outside counsel to handle; fully confident the suits will be found without merit; process will take some time, but not a significant amount of resources; 9 times out of 10 settled for legal fees; should not hurt ongoing share prices or operations; thanks for continued support and we support shareholder communications and post press releases online;

sale of adult entertainment division: original purchaser failed, received second buyer; process going well, expect complete transaction fairly shortly;

corporate restructuring: mostly complete, goal to be more efficient company with full legal compliance;

QUESTIONS FROM SHAREHOLDERS
Comment: Disappointed in quality of release, no financial numbers; understanding that the statements are attached to the release, are filed through FCC and on our site shortly; shares outstanding 631 million; loss per share .15 cents for quarter; last year 22 million 500 thousand outstanding; Dilution is largely result of shares previously restricted, stock options for employees also contributed; further dilution result of stock options for employees and fully diluted to 5 million over 2 years; possible secondary equity financing;

Comment from Michael from Buffalo: Canadian government investigation, believe it is holding back stock price, what is going on? No charges filed, nor expected. Undertaken significant restructuring to facilitate closure of this matter. We`ve shown willingness to cooperate and tried to facilitate closure. Uncharted legal territory. VEry hard to make a firm prediction of when to resolve. We`ve taken all the steps we can to make it easy for the authorities to settle this matter.

Resolved prior to Nasdaq listing? Contacted NAS to re-apply, they`ve indicated we`ll qualify as soon as investigation is over.

Child porn charges: Please clarify. ABSOLUTELY NO EVIDENCE whatsoever that the company involved in such. Allegations to add to the sensationalism of the circumstances. I have seen no evidence whatsoever. Had I seen or will I see that, I will not be here. We are talking about a gaming investigation and is the focus at this stage.

ANDREW:
RCMP resolved?/NAS? High priority /resources available? CRITICAL PRIORITY for Starnet to resolve as quickly as possible. Great legal team on it, cannot emphasize enough to shareholders how much we want to resolve this issue. We will spare no expense and want to clarify our structure to make it easier to resolve. This is the most critical issue for SNMM management. SNMM legal representation is very much aware of the impact on shareholder value. Why mgmt doing all it can to resolve it as quickly as possible. We are focused on resolution and will work with authorities to resolve.

KEN: Accounts receiveable; disproportionate rise compared to competitors; Main focus of adjustments taking in this quarter; VP FInance, Chris Thompson; going through licensees to identify those with very low volume; reduced receiveables, took bad debt of $1.5 million; software prepared and sent to licensees, no question that investigation has hampered the situation; implemented policies to prevent this from happening in the future; raised the bar quite considerably and requirement with sufficient funds and demonstrated net marketing requirements; industry changed dramatically since business model originally put in place; good news is the good licensees are growing more than ever; increase of 30% in raw fee revenue; trend to continue into future; good news to recognize some licensees (14 or so) not contributing to bottom line; we`ll dedicate resources to those who have the tools to succeed;

shareholder not satisfied; now operating at a loss; lotteries and paramutuals not for 6 months; loss of $200,000 were it not for these adjustments; resources spent on new software development; all expenses used and recorded as expense, when in reality it is building an asset, the new version of the software; progress is impressive, and we are close to release it; expect changein next quarter or two; expect continued revenue increases, but less going to software development;

[ukrupp]

Hallo Banditos,
die Zahlen in voller Entfaltung:

Tuesday March 14, 5:00 pm Eastern Time
Company Press Release
Starnet Reports 204% Increase in Revenues in Third Quarter Before Adjustments
Company Takes One-Time Restructuring Charge; Expects Strong Core Business to Continue Driving Revenue Growth
ST. JOHNS, Antigua--(BUSINESS WIRE)--March 14, 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, today reported results for the three-month and nine-month periods ended January 31, 2000.

The company recorded a 157% increase in third quarter revenues to $4.4 million compared to $1.7 million in the quarter ended January 31, 1999. This increase was the result of a significant increase in Starnet`s core licensing business and related royalties, less a $0.8 million one-time revenue adjustment, as explained below. Operating expenses, including $3.8 million in one-time expense adjustments and provisions, increased to $7.4 million, resulting in a reported net loss from operations for the quarter of $4.7 million.

The underlying business, before adjustments, generated net sales of $5.2 million for the quarter, representing year on year growth of 204%. The net loss from operations before one-time adjustments was $0.1 million compared to a net income of $0.5 million in the same quarter in the previous year.

Net sales for the nine months ended January 31, 2000 increased 267% to $12.4 million from the same period last year. However, the one-time adjustments and provisions resulted in a net loss from continuing operations of $3.8 million for the year to date.

``Starnet had a solid third quarter``, said Meldon Ellis, president and chief executive officer of Starnet. ``We continue to experience strong demand and growth in our core business, and once again saw ongoing royalties from operating licensees increase by over 30% from the previous quarter. We recognize, however, that our expenses have grown disproportionately, in part from considerable costs associated with development of our new software products, Starnet Systems 2000. In future quarters, we expect to return to net income margins previously obtained.``

Ellis added, ``We are pleased with our many accomplishments during this quarter, particularly with our focus on improving the business model and building our management team. The addition of top talent to our management team and board of directors during this quarter confirms the tremendous potential of Starnet.``

Third Quarter Highlights: 2000 vs. 1999

-- Starnet restructured its operations to ensure legal compliance and

establish a secure platform for future growth -- Starnet expanded its management team and board of directors,

securing prominent business leaders from the Internet and horse

racing industries -- The company retained Amtote International as its tote service

provider and prepared to launch its pari-mutuel Web site

Worldbroadcasts.com -- Revenue before adjustments increased 204% -- Accounts receivable dropped 55% to $3.0 million from $6.6 million

as at October 31, 1999 -- Total shareholder`s equity after the adjustments and provisions

remains over $18 million

Commenting on the one-time charges, Martin Mullally, vice president of strategic planning, stated, ``As part of our strategic restructuring program, we have performed an in-depth, comprehensive review of our licensee operations, our internal policies, and our underlying business model. As a result of this review and the operating policy changes, we have recorded several adjustments and provisions that impact Starnet`s financial results for the quarter and nine months ended January 31, 2000. We want to emphasize to our investors that our business model remain sound and these accounting measures announced today do not affect our aggressive growth strategy.

Mullally added, ``The company has revised the qualifications necessary to obtain Starnet software and now requires demonstrated Internet marketing experience, as well as sufficient funds to spend on acquiring and retaining customers. Starnet management is confident that these measures will provide the basis for stable, secure growth going forward.``

Charges taken by Starnet in the third quarter consist of the following:

- A bad debt provision of approximately $1.4 million, resulting

predominantly from 14 licensees that were indirectly affected by

the Canadian authorities` investigation into Starnet`s operations.

Starnet initially recognized this revenue when it entered into

contracts with the licensees, customized their Web sites, and

delivered the software. However, several licensees failed to

generate sufficient Web site revenues to pay Starnet the royalty

and license fees required by their contracts. Combined, these

licensees contributed less than 5% of Starnet`s royalty revenues.

- A reduction of $806,000 in royalty revenues due to an overestimate

of royalty revenues from a major licensee and an increase of

$160,000 in operating expenses due to an understatement of fees

payable to the same licensee for periods prior to November 1,

1999.

- Legal expenses of $412,000 for the nine months ending January 31,

2000, stemming from corporate restructuring and litigation.

- A provision of $1.5 million to cover the anticipated future legal

costs to defend the company against the investigation and various

legal actions and to finalize the corporate restructuring.

- An expense of the remaining $473,000 in deferred software

development costs to recognize the diminished value of this asset

due to the planned release of Starnet Systems 2000.

``Although these adjustments impact Starnet`s third quarter and nine-month results, it is important to note that our business remains strong``, said Ellis. ``The adjustments announced today in no way impair our ability to execute our strategic plans going forward. We look forward to continued strong top line revenue growth in fiscal 2001.``

Starnet invites investors to participate in the company`s quarterly conference call at 16:30 EST by calling 1-800-361-1028 (domestic, within North America) or 800-0022-8228 (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. 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 [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``.

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.


Starnet Communications International Inc.
Consolidated Balance Sheet
As at January 31, 2000 and April 30, 1999
(in thousands of US dollars)
(Unaudited)
January 31 April 30
2000 1999
----------------------------------------------------------------------

ASSETS
Current
Cash and cash equivalents 5,927 5,866
Restricted cash 6,937 0
Reserves and deposits
with credit card processors 4,504 282
Accounts receivable 3,005 2,671
Prepaid expenses and deposits 616 399
Other current assets 1,638 1,507
----------------------------------------------------------------------
Total current assets 22,627 10,725
----------------------------------------------------------------------
Capital assets (net) 4,815 1,673
Deferred website costs (net) 129 285
Software development costs (net) 0 610
Deferred income tax asset 152 146
----------------------------------------------------------------------
27,723 13,439
----------------------------------------------------------------------

LIABILITIES AND SHAREHOLDERS` EQUITY
Current
Accounts payable and
accrued liabilities 4,565 1,371
Income taxes payable 238 268
Deposits from customers 3,636 1,234
Deferred revenue 160 328
Current portion of capital
lease obligations 487 357
----------------------------------------------------------------------
Total current liabilities 9,086 3,558
----------------------------------------------------------------------
Non-current portion of
capital lease obligations 600 461
----------------------------------------------------------------------
Total liabilities 9,686 4,019
----------------------------------------------------------------------

Shareholders` equity
Capital stock 20,913 8,584
Retained earnings (deficit) (3,092) 884
Accumulated other
comprehensive loss 216 (48)
----------------------------------------------------------------------
Total shareholders` equity 18,037 9,420
----------------------------------------------------------------------
27,723 13,439
----------------------------------------------------------------------


Starnet Communications International Inc.
Consolidated Statement of Operations
For the Periods Ending January 31
(in thousands of US dollars except per share information)

(Unaudited) (Unaudited)
Three Months Ended Nine Months Ended
January 31 January 31
2000 1999 2000 1999
----------------------------------------------------------------------

REVENUE
Sales
Licensing 770 250 2,958 875
Royalties and fees 3,646 1,469 9,415 2,494
----------------------------------------------------------------------
Total Sales 4,416 1,719 12,373 3,369
Cost of sales 1,751 328 3,548 762
----------------------------------------------------------------------
Gross profit 2,665 1,391 8,825 2,607
----------------------------------------------------------------------

EXPENSES
Development, selling,
general and administrative 2,058 2,058 2,058 2,058
Depreciation and amortization 268 268 268 268
Interest and bank charges 10 10 10 10
Development, selling,
general and administrative 4,227 918 9,377 2,207
Provision for bad debts 1,443 0 1,443 0
Legal 1,723 0 1,912 0
----------------------------------------------------------------------
Total expenses 7,393 918 12,732 2,207
----------------------------------------------------------------------

Income (loss)
from operations (4,728) 473 (3,907) 400
----------------------------------------------------------------------

Other income (expenses) 105 0 186 19

----------------------------------------------------------------------
Net income from continuing
operations before
income taxes (4,623) 473 (3,721) 419
----------------------------------------------------------------------

Income tax expense (recovery)
current 0 0 53 (74)
deferred 0 0 0
----------------------------------------------------------------------
Income taxes 0 0 53 (74)
----------------------------------------------------------------------

Income from continuing
operations (4,623) 473 (3,774) 493

Income (loss) from discontinued
operations of the
on-line interactive
media division
(less applicable income
taxes of 1999 - $45
and 1998 - nil) (307) 416 (202) 746
----------------------------------------------------------------------

Net income (loss)
for the period (4,930) 889 (3,976) 1,239

Retained earnings (deficit),
beginning of period 1,838 (808) 884 (1,158)
----------------------------------------------------------------------
Retained earnings (deficit),
end of period (3,092) 81 (3,092) 81
----------------------------------------------------------------------

Basic earnings (loss) per share
from continuing
operations $ (0.15) $ 0.02 $ (0.13) $ 0.02
Basic earnings (loss)
per share $ (0.16) $ 0.04 $ (0.13) $ 0.06
Weighted average number
of common shares
outstanding 30,967,287 22,523,300 29,690,911 22,474,433

Diluted earnings per share
from continuing operations n/a $ 0.02 n/a $ 0.02
Diluted earnings per share n/a $ 0.04 n/a $ 0.05
Weighted average number
of common shares


Starnet Communications International Inc.
Consolidated Statement of Cash Flows
For the Periods Ending January 31
(in thousands of US dollars)

(Unaudited) (Unaudited)
Three Months Ended Nine Months Ended
January 31 January 31
2000 1999 2000 1999
----------------------------------------------------------------------

Cash flows from operating
activities
Net income (loss) (4,930) 888 (3,976) 1,238
Adjustments to reconcile
net income to net cash
provided by operating
activities:
Depreciation 511 182 1,157 514
Amortization of deferred
website costs 53 59 159 304
Amortization of software
development costs 473 40 611 120
Gain on disposal of
fixed assets 0 (1) 0 (5)
Changes in current assets
and liabilities:
Decrease (increase) in
reserves and deposits with
credit card processors (3,726) (2) (4,221) (38)
Decrease (increase)
in accounts receivable 3,634 (1,083) (334) (1,552)
Decrease (increase)
in prepaid expenses
and deposits 121 (26) (217) 50
Decrease (increase)
in other assets 596 0 (131) 0
Increase (decrease)
in accounts payable and
accrued liabilities 308 110 3,194 211
Increase (decrease) in
income taxes payable (88) 0 (30) (74)
Increase (decrease) in
deposits from customers 266 93 2,402 297
Increase (decrease) in
deferred revenue (34) 22 (168) 40
----------------------------------------------------------------------
Net cash provided by (used in)
operating activities (2,816) 282 (1,554) 1,105
----------------------------------------------------------------------

Cash flows from investing
activities
Purchase of capital assets (1,671) (142) (3,610) (319)
Transfer from (to)
restricted cash (82) 500 (6,937) 500
Deferred website costs 0 (24) 0 (323)
Software development costs 0 (86) 0 (334)
----------------------------------------------------------------------
Net cash provided by (used in)
investing activities (1,753) 248 (10,547) (476)
----------------------------------------------------------------------

Cash flows from financing
activities
(Increase) decrease in
bank indebtedness 0 (459) 0 (466)
Proceeds from loan 0 134 0 207
Proceeds from
issuance of shares 302 410 12,329 410
Principal repayments under
capital lease obligations (183) (20) (372) (132)
----------------------------------------------------------------------
Net cash provided by
financing activities 119 65 11,957 19
----------------------------------------------------------------------

Effect of exchange rate
changes on cash 284 (8) 205 72
----------------------------------------------------------------------

Net increase (decrease)
in cash during the period (4,166) 587 61 720
Cash, beginning of period 10,093 273 5,866 140
----------------------------------------------------------------------
Cash, end of period 5,927 860 5,927 860
----------------------------------------------------------------------

Other non-cash transactions
Leased assets acquired 340 0 622 0

Supplemental cash
flow information
Interest paid 68 19 97 68
Income tax paid 0 0 0 0


--------------------------------------------------------------------------------
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]
Or
Ogilvy Public Relations Worldwide
Brad Miller
Ph: [phone]

Gruß
Udo

[RH2]

Hallo,
wo sind denn die ganzen anderen SNMM-Threads geblieben?
Obwohl mir das aktuelle Ergebnis eigentlich egal sein müßte, weil ich größere Mengen diese "Zockeraktie" als Langfrist-Investment halte, würde mich doch die Meinung des einen oder anderen SNMM-Gurus interessieren.
Im Raging-Bull-Board z.B. werden die Zahlen als Desaster bewertet.
rh2

[terra1]

Danke buy,
habe mehrmals eine mail an jiannis geschickt - 0 Antwort.
Gruß terra1