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Sun, 6 Jun 1999 03:00:12
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********** News Flash **********
June 4, 1999, Softnet Industries Inc.
(OTC BB:SFNT) reported that it agreed
principle to completed to acquire all of
Metrobingo's assets for 2.5 million common
shares of SFNT. The purchase includes
proprietary software, graphics, 20 Bingo
domain names and the employment of all key
personnel.
Metrobingo, which is Java based, will offer
"Speed Bingo" the Internet version of the
traditional Bingo Hall game.
********** News Flash **********
Please visit our website at
http://www.stockmarket5000.com for full details.
This month we profile Softnet Industries Inc.
(OTCBB: SFNT), an explosive Internet E-Commerce
Casino Gaming Company. Softnet Industries Inc.,
is an innovator in the rapidly growing Internet
technology business. Softnet Industries, Inc.
has recently obtained the right to have their
software utilized by the Gold Dust Casino in the
Commonwealth of Dominica. The Company is targeting
fifteen (15) other casinos in the Caribbean for a
forty (40) percent stake of the virtual gaming
gross proceeds in exchange for the use of their
software. Each casino is projected to generate
gross proceeds exceeding $12 Million per year for
a total of $180 Million annual gross revenue if all
fifteen casinos sign on with Softnet.
NEWS UPDATE
-----------
SoftNet Industries Inc. Letter Of Intent
POINT ROBERTS, Wash.--(BUSINESS WIRE)--April 12,
1999--Softnet Industries Inc. (OTC BB:SFNT) is pleased
to announce that it has converted the letter of intent
to a letter of agreement to provide both gaming
software and SoftNet's exclusive e-cash program.
Video Poker Pallace.Com Casino, of the Commonwealth of
Dominica, is going to incorporate SoftNet's casino
games such as 8 versions of blackjack, 20 versions of
slots, and the widest variety of video poker selections
available with over 10 versions of the popular casino
game, into its operation by May 10, 1999.
SoftNet will receive 40% of Video Poker Pallace.Com's
net gambling revenues. Video Poker.Com expects to do
$8 million in revenues this year as projected. SoftNet,
an OTC NASDAQ public company trading under the symbol
SFNT, is an innovative developer of software geared
toward the Internet gaming industry.
THE COMPANY
-----------
We have come across a company we feel is establishing
a stronghold in a most explosive arena.
I’m sure you will agree that the Internet is the most
exciting and profitable area to be involved in these
days. Couple that with the appeal of Gaming and
Sportsbooks, we believe it is a match made in heaven.
Softnet Industries Inc., symbol SFNT, on the NASDAQ
OTC Bulletin Board, is an explosive Internet E-Commerce
Casino Gaming Company incorporated in October 1994.
This is an exciting dynamic industry that will
transform the Internet use of gambling software. It is
estimated that this industry will explode from $56
Billion dollars in revenue in 1999 to over $1.3
Trillion by the year 2003 according to a recent report
by Forrester Research, Inc. a world renowned independent
research firm. This oft quoted company, Forrester
Research, Inc., expects on-line business trade to
surplus 9% of the total United States business sales
by 2003!
Softnet Industries Inc., is an innovator in the rapidly
growing Internet technology business. Its combination
of experienced entrepreneurial-minded management;
highly skilled computer development group and strong
financial backing are essential for success in this
rapidly growing industry. The company maintains a staff
of industry leading experts in the areas of: Internet
software development, Internet communications,
client/server applications, data security and random
number generation, banking, mathematics, WEB software
development and 3D graphics and animation.
Softnet Industries, Inc. has recently obtained the
right to have their software utilized by the Gold Dust
Casino in the Commonwealth of Dominica. The Gold Dust
Casino will have the gaming and E-Commerce software in
place within sixty days. The Company is targeting
fifteen (15) other casinos in the Caribbean for a
forty (40) percent stake of the virtual gaming gross
proceeds in exchange for the use of their software.
Each casino is projected to generate gross proceeds
exceeding $12 Million per year for a total of $180
Million annual gross revenue if all fifteen casinos
sign on with Softnet.
Please visit our website at
http://www.stockmarket5000.com for full details.
****** DISCLAIMER ******
This material is being provided by Stock-Market1999,
an electronic newsletter paid by the issuer for
publishing the information contained in this report.
T.M.S. Consultants, Inc. has paid a consideration of
20,000 free trading shares of common stock of Softnet
Industries, Inc. to Stock-Market1999 as payment for
the publication of the information contained in this
report. Stock-Market1999 and its affiliates have
agreed not to sell the common stock received as
payment for its services until March 29, 1999, which
date is 15 days from the initial dissemination of this
report. After such date, Stock-Market1999 may sell
such shares. Because Stock-market1999 is paid for its
services, there is an inherent conflict of interest in
Stock-Market1999's statements and opinions and such
statements and opinions cannot be considered
independent. The information contained in this
publication is for informational purposes only, and
not to be construed as an offer to sell or solicitation
of an offer to buy any security. Please be advised
that Softnet Industries, Inc. is not offering
securities for sale to persons in California or
Minnesota. Stock-Market1999 makes no representation or
warrant relating to the validity of the facts
presented nor does Stock-Market1999 represent or
warrant that all material facts necessary to make an
investment decision are presented above. All statements
of opinions are those of Stock-Market1999. Stock-
Market1999 relies exclusively on information gathered
from public filings on featured companies, as well as,
in certain circumstances, interviews conducted by
Stock-Market1999 of management of featured companies.
Investors should not rely solely on the information
contained in this publication. Rather, investors
should use the information contained in this
publication as a starting point for conducting
additional research on the featured companies in order
to allow the investor to form his or her own opinion
regarding the featured companies. Factual statements
contained in this publication are made as of the date
stated and they are subject to change without notice.
Stock-Market1999 is not a registered investment
adviser, broker or a dealer. Investment in the
companies reviewed is speculative and extremely
high-risk and may result in the loss of some or all
of any investment made in Softnet Industries, Inc.
Projections of future financial results are provided
soley by Softnet Industries, Inc. No assurances are
given that Softnet Industries, Inc. will achieve said
projections. This publication contains forward-looking
statements that are subject to risk and uncertainties
that could cause results to differ materially from
those set forth in the forward-looking statements.
These forward-looking statements represent the
judgment of Softnet Industries, Inc. as of the date of
this publication. The Company disclaims any intent or
obligation to update these forward-looking statements.
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