Casinopirata.com Enters Into Negotiations With Starnet Communications.PORTLAND, Ore.--(BUSINESS WIRE)--May 11,1999-- Casinopirata.com Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CSIN ) is pleased to announce that it has entered into negotiations with Starnet Communications (OTC BB:SNMM) to acquire another online casino. Casinopirata.com, a theme-based Casino and Sportsbook, is now offering Vegas-style casino games such as blackjack, roulette, pai-gow and craps along with wagering on professional sporting events such as the NFL, NBA, NHL NHL Non-Hodgkin's lymphoma, see there , and Major League Baseball "MLB" and "Major Leagues" redirect here. For other uses, see MLB (disambiguation) and Major Leagues (disambiguation). Major League Baseball (MLB) is the highest level of play in North American professional baseball. . The Company's web site is located at http://www.casinopirata.com. "This acquisition is inline with our business plan objectives. Casinopirata.com intends to grow by opening additional online casinos and acquiring proprietary online gaming technology. We feel that we will easily be able to deliver our earnings forcasts of $1.50 per share in net income with in the first year of operations," stated Paul Stringer, President. Casinopirata's competitors within the Internet gaming market include Anchor Gaming Inc. (Nasdaq:SLOT), Trans World Gaming Group (OTC BB:IBET), Argosy Gaming Co. (NYSE NYSE See: New York Stock Exchange :AGY), International Game Technology Inc. (NYSE:IGT IGT impaired glucose tolerance. ) Cryptologic Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :), GLC Limited (Nasdaq:GLCCF), Atlantic International Entertainment Ltd. (OTC BB:AIEE), Cybergames Inc. (OTC BB:CYGA), IGN Internet Global Network Inc. (VSE:IGN, OTC BB:IGINIF) and Global Games Corp. (OTC BB:GLOW). Starnet is a fully reporting US (Delaware) corporation, which is currently listed on the National Association of Security Dealers ("NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). ") Over-The-Counter Bulletin Board and commenced trading in September of 1997 under the symbol "SNMM". Starnet is also listed on the Berlin Stock Exchange ("Berlin") and is publicly traded on over-the-counter market under the symbol "SNM." Starnet is an Internet software, technology and service company, which commercializes on-line applications for established markets. For more information, please visit http://www.snmm.com. Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the Company's domestic and international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings. |
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