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Non-Tech : Sungold Gaming International (SGGNF)

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To: kidl who wrote (4925)7/20/2000 3:06:22 PM
From: Sure  Read Replies (1) of 5164
 
Vancouver, British Columbia - July 20, 2000.

Sungold Entertainment Corp. (OTC Bulletin Board: SGGNF News)
announced today that its 100% wholly owned Horsepower Network.Com
Inc. will be releasing the Horsepower(TM) Virtual Horse Racing
System on the world wide web on August 01, 2000 at 1:00 P.M. EST
(the official birthday of the horse).
Horsepower(TM) Technical Systems Testing Evaluation Successful
Technical Systems Testing (TST), an internationally recognized
service provider specializing in Internet and land systems
testing and auditing, has completed its evaluation based on the
Horsepower(TM) play for fun and prizes implementation of the
Horsepower Network.Com Inc game and TST has certified that the
Random Number Generator and the game fairness have both met TST's
Internet gaming requirements. TST has also stated that the
Horsepower Network.Com Inc. horse racing game for USD wagering
can be recommended for approval within a regulated Internet
jurisdiction once the recommended Internet regulatory requirement
changes are made.
User acceptance testing has been very encouraging. During user
acceptance testing a player won 140,000. Horsepower(TM) fantasy
dollars. Horsepower Network.Com Inc. feels this game will be
unique in the world of online gaming as it provides the
excitement of a virtual 14 horse race with the speed of casino
games multiplied by the dynamic of world wide common pools up to
24 hours a day, 365 days per year. The Horsepower(TM) system has
been tested successfully for up to 3 million wagers per day.
Horsepower(TM) will operate on a Sun Microsystems platform. TST
has verified that the odds of each horse winning the race are
identical. This means that the Horsepower(TM) Internet Gaming
Software System is an equal probability horse racing game.
Registered players can play for fun. Each registered player is
granted 6000 fantasy credits/dollars to play the virtual horse
races. Registered players can gain extra fantasy credits by
encouraging others to visit the site and register an account of
their own.

Sungold Entertainment Corp.
(OTCBB: SGGNF)
Per:

"Kim Noble Hart"
Kim Noble Hart-President & CEO

For more information regarding this release or to be updated on
corporate news, please contact Anne Kennedy at (604) 669 9580.

This news release contains forward-looking statements regarding
operating projections. 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.
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