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

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To: Troy Griffin who wrote (2)	2/22/2001 2:45:03 PM
From: Troy Griffin	Read Replies (1) of 20

HORSEPOWER 2.0 TO BE PREVIEWED AT SUNGOLD AGM Vancouver, British Columbia [Business Wire] February 16, 2001. Sungold Entertainment Corp. (OTC Bulletin Board: SGGNF News) announced today that Horsepower 2.0 a new equal chance virtual horse racing game designed for $US cash wagering will be previewed by Sungold shareholders at the company Annual General Meeting being held in Vancouver today by Horsepower Broadcasting Network Inc. (HBN). Sungold director Steven Marette stated “I’ve tested and seen just about everything that is out there and this new Horsepower 2.0 virtual horse racing game is truly unique in its ability to generate major jackpots. I expect the millions of online players are going to love it”. Horsepower is establishing strategic alliances for the roll out of Horsepower 2.0 for both the world wide internet and the 14 Billion USD North American racetrack market. SUNGOLD ANNOUNCES APPOINTMENT OF NEW DIRECTOR Sungold announced today the appointment to the board of Sungold Entertainment Corp. and Horsepower Broadcasting Network Inc. (HBN) and granting of 100,000 incentive stock options in Sungold Entertainment Corp. at $0.15 USD for five years to Walter Wolff. Walter Wolff, age 57 has owned and operated restaurants, bakeries and food processing facilities for 32 years. European trained, Mr. Wolff has been the Chef for some of the worlds most renowned establishments such as the Kepiski Hotel in Berlin, the De Bergues in Geneva, the Queen Elizabeth in Montreal and as the Head Chef for Expo ’67 in Montreal, Canada. Walter has served as a director for a number of Canadian public and private companies and Sungold believes his extensive hospitality/food service experience will be invaluable to Sungold’s racetrack/entertainment centre projects. 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 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.

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