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Non-Tech : Sungold Gaming International (SGGNF)

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To: Jim Barker who wrote (4762)4/4/2000 9:52:00 AM
From: kidl  Read Replies (3) of 5164
 
I like the sound of that NR:

Tuesday April 4, 7:33 am Eastern Time
Company Press Release
Sungold Entertainment Corp. - To Appeal Gun Lake Decision
VANCOUVER, British Columbia--(BUSINESS WIRE)--April 4, 2000-- Sungold Entertainment Corp. (OTCBB:SGGNF - news) announced last Thursday Sungold received a court opinion issued by the Eaton County, Michigan Circuit Judge Calvin E. Osterhaven, granting the Gun Lake Band's motion for summary disposition of the lawsuit filed against it by Sungold.

Judge Osterhaven's decision appears to have been a reluctant one, because he stated in his opinion that ``public policy might favor waiver of abrogation of sovereign immunity to encourage commercial entities to do business with Indian tribes...'

Sungold agrees with the trial court's decision for a number of substantive reasons. For instance, the Gun Lake Band was not recognized as an Indian tribe when it entered into its contractual agreements with Sungold. Therefore, Sungold intends to vigorously appeal this initial decision in Michigan's appellate courts, and it remains confident that it will ultimately prevail in this litigation.

Sungold Entertainment Corp. (OTCBB:SGGNF - news)
Per: "Kim Noble 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. 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.

--------------------------------------------------------------------------------
Contact:
Sungold Entertainment Corp.
Anne Kennedy, 604/669-9580

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