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Non-Tech : Sungold International Holdings Corp. (SHIHF)
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To: Troy Griffin who wrote (11)6/7/2001 8:37:55 AM
From: Troy Griffin  Read Replies (1) of 20
 
SUNGOLD ANNOUNCES HORSEPOWER™2 USD TO GO LIVE THIS WEEKEND WITH A
$1,000,000 JACKPOT

Vancouver, British Columbia [Business Wire]June 7, 2001. Sungold
Entertainment Corp. (OTC Bulletin Board: SGGNF News) Horsepower
Broadcasting Network (HBN) International Ltd., a wholly owned subsidiary
of Sungold Entertainment Corp. announced today at the Global Interactive
Gaming Summit and Expo that it will begin accepting USD wagers on
www.horsepower2.com this weekend.

Horsepower Broadcasting Network (HBN) International Ltd. operates the
Horsepower 2 game on a Sun Microsystems/Cisco platform and is utilizing
both Oracle and Horsepower proprietary software. Horsepower
Broadcasting Network (HBN) International Ltd. is an approved Firecash™
merchant and a member of the Interactive Gaming Council.

Horsepower 2 is a unique equal chance online virtual horseracing game.
Horsepower 2 allows all players an equal chance to win when wagering on
common parimutuel pools. The Horsepower pools are created by players on
the worldwide web betting on continuous races with 14 virtual horses.
Horsepower 2 is played in real time 24X7 and offers a new virtual race
every 90 seconds. Players may wager as little as $2 USD or as much as
$100,000 USD on one horse or up to six horses in exact order of finish.
Horsepower 2 also offers a bet called Quick 6™ which allows players to
wager $2 USD on 6 randomly selected horses for the million dollar plus
Horsepower 2 Jackpot.

The Global Interactive Gaming Summit and Expo attracted over 800
attendees and 29 speakers. Gaming analyst Sebastian Sinclair set the
tone when he projected that Internet gaming will be a $6.3 billion USD
industry by the year 2003.

Sungold believes Horsepower 2 will be widely accepted on the Internet as
a major new attraction for wagering and horseracing fans everywhere.

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,
including the acceptance of the Horsepower 2 as an attraction for
wagering and horseracing fans. 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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