SGGNF Stock Data
Symbol: OTCBB: SGGNF
Shares Issued 24,434,743
Recent Price: 0.11
Public Float: 4,000,000 est.
52 Week High/Low: 1.12 / 0.06
Assets (08/99) 2,573,825
Assets (01/00) 3,685,177
Liabilities (11/00) 54,278
Projected 2001 launch Horsepower Revenue $28,000,000
Overview
SUNGOLD (Trading Symbol: "SGGNF") Sungold has assisted its wholly owned
subsidiary Horsepower Broadcasting Network Inc. in preparing HorsepowerT
for the world wide internet initially as a fantasy wagering game
(www.horsepowernetwork.com) and early in 2001, for internet wagering and
introduction at selected racetracks and racebooks in North America.Sungold
is also in the business of developing casino complexes, family fun
centers, destination resorts, and racetracks for operators in Canada, USA,
and internationally. The Directors and Officers have extensive
backgrounds, employ over 1,000 people and collectively have over 100 years
experience in private and public financing, real estate development and
management of pro-sports stadiums, hospitality services, catering,
racetracks, marina facilities, private/public broadcasting and gaming
systems both on land and on-line. Sungold is currently negotiating for
potential development opportunities in Canada, USA and Asia.
Online Gaming Operations
HorsepowerT Virtual Horse Racing System
SUNGOLD (SGGNF) controls the North American and international internet
rights, title and interest in the Horsepower TM animated, equal chance
wagering based, virtual, horseracing system.
The Horsepower Game
("Horsepower" TM) is broadcast on the internet and will be licensed to
racetrack operators by Horsepower Broadcasting Network Inc. (HBN); a
subsidiary company 100% owned and controlled by Sungold. Horsepower is an
exciting animated horseracing game which is viewed on a video monitor.
Players can win small prizes or multimillion-dollar jackpots from a $2
wager. The Horsepower fantasy wagering system is a prime sponsorship
opportunity for major advertisers. The horsepower development team
includes some of the industries leading players.
Market Size
Currently the on-line gaming market is a 3 billion dollar business and is
expected to grow to 10 billion by 2003. More importantly the world-wide
lottery market is currently a $700 billion dollar business and Horsepower
will be aggressively competing for a share of this extremely profitable
market which is projected to move rapidly to the internet.
The Final Word
Currently the on-line gaming market is a 3 billion dollar business and is
expected to grow to 10 billion by 2003. More importantly the world-wide
lottery market is currently a $700 billion dollar business and Horsepower
(SGGNF) will be aggressively competing for a share of this extremely
profitable market which is projected to move rapidly to the internet. With
this in mind, SGGNF may be one to add to your watchlist. |
