SUNGOLD ENTERTAINMENT CORP. ANNOUNCES A EUROPEAN FIRST www.horsepower2.com
<http://www.horsepower2.com> and Supreme Odds form a Strategic Alliance!
Vancouver, BC: March 26, 2002 ~ Sungold Entertainment Corp. (OTCBB: SGGNF,
Frankfurt: WKN 608164) Sungold Entertainment (SGGNF:BB) announces that its’
wholly owned subsidiary “Horsepower Broadcasting International Limited” has
entered into a strategic alliance with Irelands’ only specialist spread
betting company “Sports Spread” to offer the Award winning wagering game
www.Horsepower2.com <http://www.Horsepower2.com> to players of their new,
online fixed betting site “Supreme Odds”, to be launched on March 28th,2002
Vice President of Marketing for Horsepower2 Alan Weinrib stated, “We feel
this alliance will be dynamic as Horsepower2 gains excellent exposure within
the European sports betting community and Supreme Odds is able to offer the
worlds only real time virtual lottery with a new virtual race for a million
dollar jackpot running every 90 seconds and by far the best chance of
winning in the lottery world!” Horsepower2 has been tested by industry
leaders TST Testing and been found to be a fair and completely random equal
chance wagering game. Horsepower2 is fully licensed in Canada by North
Americas #1 online gaming regulator the Kahnawake Gaming Commission,
operating from the Sovereign Kahnawake Territory in Quebec Canada.
Horsepower2 recently won the International Innovator Award at the I.G.L.
Conference held in Dublin Ireland.
Supreme Odds will run on a platform designed by Smart Transact, one of the
worlds’ leading e-commerce providers for the gaming industry. Smart Transact
boasts Microsoft and Hewlett Packard among its partners and the Malaysian
Government as one of its key investors. Sports Spread (the only European
spread betting company in operation outside the UK) generated turnover in
its first year in business of 4.6 million USD (source Ernst and Young,
auditors) and estimates that in only its second year in business (year end
March 31,2002) the company will show a profit on turnover of 13million USD.
Supreme Odds intends to quote on the entire major world sporting events and
is gearing up for the soccer “World Cup” this June, possibly the biggest
sports betting event ever.
Sports Spread (www.sportsspread.com),was <http://www.sportsspread.com),was>
the first company in the world to offer a “fully interactive spread betting
platform” in March 2001. Sports Spreads founders Conor Foley and Brian O’
Neill are quick to point out that they have yet to conquer 1% of their
available market share. On March 28th Sport Spread will be announcing major
prizes such as a trip for two around the world and a 2003 automobile for
lucky Sports Spread players that are the first winners of the
www.horsepower2.com <http://www.horsepower2.com> Pick4, Pick5 and
Pick6/Quick 6 Jackpots. Kim Hart, C.E.O. of Sungold Entertainment said,
“This is the kind of alliance that we are proud to see Horsepower2
developing. Both of our organizations have been innovators and leaders in
providing exciting new betting products for our players. We are confident
that the Horsepower2 progressive, real time, random, MILLION USD+ jackpot
will be an exciting wagering opportunity for Supreme Odds players everywhere
and an opportunity for both Supreme Odds and Sungold Entertainment Corp. to
grow our revenues in 2002.
For more information or to be updated on future corporate news, please
contact:
Stephan Horvath, Investor Relations Officer
Sungold Entertainment Corp.
888 669 9580
email: investor_relations@sungoldent.com
Europe Investor Relations Contact:
Henry Bohl, CEO Baltic Investment GmbH
Ph: 01149- 172- 43 63 477 Fx: 01149- 451-709 878 19
Web: www.balticinvestment.com <http://www.balticinvestment.com/> |
