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Non-Tech : Sungold International Holdings Corp. (SHIHF)

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To: Troy Griffin who wrote (7)	4/25/2001 4:40:29 PM
From: Troy Griffin	Read Replies (1) of 20

SUNGOLD BOARD APPROVES STOCK BUY-BACK PROGRAM Vancouver, British Columbia [Business Wire] April 25, 2001. Sungold Entertainment Corp. (OTC Bulletin Board: SGGNF News) announced that in anticipation of revenue growth from Horsepower™ 2 the Sungold Board of Directors has approved in principle a common stock buy-back program. The board is of the opinion that the stock is presently undervalued and represents an excellent buy-back opportunity. MARKETING TEAM RETAINED FOR HORSEPOWER™ 2 Anticipating a late May launch of Horsepower™ 2, Horsepower Broadcasting Network Inc. has retained the services of Scotia Wilson International Ltd. (SWIL) to manage Horsepower™ 2’s reciprocal partner online promotion. SWIL has relationships with hundreds of online e-commerce and gaming sites and will be targeting online gaming operators to be reciprocal partners with Horsepower™ 2. Final testing for Horsepower™ 2’s $US wagering launch is underway and the launch target has been delayed until late May to ensure the Horsepower™ 2 site will meet the highest industry standards. Horsepower™ is receiving encouraging responses from its’ new reciprocal partners that are operating online gaming and wagering related sites. Robin Bivona, Advertising and Marketing Director of Wagering.com said “Wagering.com sees the launch of Horsepower™ 2 as one of the most prolific entertainment events to ever take place on the Internet”. Walter Bruechert, CEO of Simubet.com stated “Linking to Simubet.com will be a boon to Horsepower™ 2 as it becomes exposed to an already established customer base of thousands of horseracing fans and bettors” and Mr. Anthony Uanno, President of Fortune Gaming confirmed that “Horsepower™ 2 provides significant added exposure for Fortune Gaming.com’s casinos”. Sungold Entertainment Corp. (OTCBB: SGGNF) Per: “Kim N. Hart” Kim Noble Hart, President & CEO For more information regarding this release or to be updated on future corporate news, please contact Anne Kennedy at (604) 669 9580. This news release contains forward-looking statements regarding projected revenues and regulatory approvals. Forward-looking statements address future events and conditions based on the opinions and estimates of management and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements. -- Regards, Anne Kennedy, Director Sungold Entertainment Corp. 500 Park Place, 666 Burrard Street Vancouver, BC V6C 3P6 Tel: (604) 669-9580 Fax: (604) 669-9577 Email: akennedy@sungoldent.com Website: www.sungoldentertainment.com Website: www.horsepowernetwork.com

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