STARNET - Starnet Announces Date of Annual Shareholder Meeting - 500 Beiträge pro Seite

[investor_007]

Starnet Announces Date of Annual Shareholder Meeting <SNMM.OB>


Starnet Announces Date of
Annual Shareholder Meeting

ST. JOHNS, Antigua--(BUSINESS WIRE)--March 6, 2000--Starnet
Communications International Inc. (OTCBB:SNMM) ("Starnet"), an online
provider of interactive media and information systems and a recognized
leader in Internet gaming, announced today that the company`s annual
shareholder meeting will be held on April 19, 2000 in Antigua.
The record date for determining eligibility for voting is
February 25, 2000.
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."
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.
--30--brm/se*
CONTACT: Starnet Communications International Inc.
Carey Nelson, 604/608-1818 (Investor Relations)
Fax - 604/608-6163
or
Rob Grace, 604/608-8733 (Investor Relations)
Fax - 604/608-6163
or
North American Toll, 888/883-0833
or
Outside N. America, 800/883-88338
or
Email - irsnmm.com
or
Ogilvy Public Relations Worldwide
Brad Miller, 212/880-5345

Today`s News On The Net - Business Wire`s full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com


(c) 1998 Business Wire

[RAZ]

FYI


Austrian online betting firm plans Vienna IPO


VIENNA, March 6 (Reuters) - Austrian Internet betting company BETandWIN Interactive Entertainment AG (BETandWIN.com) said on Monday it would announce details of a planned IPO on the Vienna stock exchange on Thursday.

The company, established in 1997, has a government licence to operate Internet betting on sports events.

In a report on the company obtained by Reuters, lead manager Erste Bank put its fair value on a discounted cash flow basis at 105 million euros, which would imply an issue price of 11 euros.

But Erste put the actual market value in a broad range between 134 and 264 million euros.

BETandWIN, based in Feldkirch, western Austria, had turnover of 5.4 million euros in 1999, almost twice the previous year`s level. Its workforce last year averaged 13.

Erste forecast that the company would show annual sales growth averaging 115 percent over the next four years, reporting positive cash flow for the first time in 2001 and making its first profit in 2002.

The number of shares will be increased to 9.55 million from 5.55 million for the IPO, after which financial investors will hold 41.5 percent of the company and management 16.6 percent.

If a planned Greenshoe option is fully exercised, the company will have a free float of 46.1 percent.

Erste Bank listed the company`s Internet gambling peer group as:

Germany`s Fluxx.com AG <FXXG.DE>, Youbet.com Inc <UBET.O>, American Wagering Inc <BETM.O> and Starnet Communications International Inc <SNMM.OB> of the United States, eBet Ltd <EBT.AX> of New Zealand and Sportingbet.com (UK) Plc.

Erste said that in contrast to its competitors, BETandWIN concentrated on a mass market involving small stakes, which had enabled it to acquire a large number of customers quickly.

Risk factors for the company included the competitive environment, technological change, dependence on qualified staff and legal questions.

Grüße
RAZ