SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: January 5, 2001 STARNET COMMUNICATIONS INTERNATIONAL INC. (Exact name of registrant as specified in its charter) DELAWARE 0-29290 52-2027313 (State of Incorporation) (Commission File Number) (IRS Employer ID No.) The CIBC Banking Centre Old Parham Road P.O. Box 3265 St. John's, Antigua, West Indies (Address of principal executive offices)(Zip Code) Registrant's telephone number, including area code: (268) 480-1651 Former name or former address, if changed since last report: N/A INFORMATION INCLUDED IN THIS REPORT: - ----------------------------------- ITEM 5. OTHER EVENTS Starnet Communications International Inc. ("Registrant") announced in a press release distributed on January 5, 2001 a workforce reduction at one of its subsidiaries, Inphinity Interactive. The text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) EXHIBITS 99.1 Press Release dated January 5, 2001 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. STARNET COMMUNICATIONS INTERNATIONAL INC. Date: January 5, 2001 By: /s/ Fred Hazell ---------------------------------- Name: Fred Hazell Title: President