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Non-Tech : Sungold Gaming International (SGGNF)

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To: kidl who wrote (5145)	6/19/2001 8:28:14 AM
From: Troy Griffin	Read Replies (1) of 5164

HORSEPOWER™ 2 LAUNCHES WORLDS FIRST RANDOM / EQUAL CHANCE ONLINE VIRTUAL HORSERACING SITE June 18th, 2001 Trading Symbol: SGGNF - BB 12g 3-2 (b): 82-2157 Vancouver, British Columbia [Business Wire] June 18, 2001. Sungold Entertainment Corp. (OTC Bulletin Board: SGGNF News) announces that Sungolds' subsidiary company Horsepower Broadcasting Network (HBN) International Ltd. launched the Horsepower 2 online virtual horseracing system for $US play this afternoon. Horsepower 2 is a world game offering real time play, advertising and a $1 million progressive jackpot. Horsepower 2 is also available for racetracks as an additional wagering opportunity between live races. TOLEDO BEACH OPTION EXPIRES The board of directors of Sungold Entertainment Corp. have decided not to exercise the option to purchase land in LaSalle, Michigan. This is consistent with an overall corporate decision to concentrate Sungolds efforts on its core business. Sungold is focussed on generating cash flow and establishing international market share in its virtual entertainment, payment systems and online advertising business. Sungold Entertainment Corp. and its' subsidiaries have accepted the resignations of directors Tim Gladieux and Brian Hayes and wish them well in their future endeavors. SUNGOLD ENTERTAINMENT CORP. Per: Kim N. Hart, President TEL: (604) 669-9580 For more information regarding this release or to be updated on future corporate news, please contact Anne Kennedy at (604) 669-9580 or contact Anne by email: akennedy@sungoldent.com 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. Horsepower 2 Jackpot will begin at $1 million USD and Horsepower Broadcasting Network (HBN) International Ltd. reserves the right to determine when the Jackpot shall progress based on contributions. Horsepower Broadcasting Network (HBN) International Ltd. reserves the right to pay the Jackpot prize in USD or negotiable securities. Horsepower Broadcasting Network (HBN) International Ltd. reserves the right to declare winnings invalid if won by fraudulent or non-bonafide means. 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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