Sungold Entertainment - Horsepower 2 Prepares For $USD Wagering In April.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--March 28, 2001 Sungold Entertainment Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SGGNF) announced that the Horsepower Broadcasting Network (HBN HBN Hexagonal Boron Nitride HBN Health Building Notes HBN Brinell Hardness (metallurgy) HBN Health-Based Numbers HBN HomeBrew Network (gaming) HBN High Bandwidth Networking ) International Ltd. a 100% wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Sungold Entertainment Corp. is preparing for an April launch of the Horsepower(TM) 2 equal chance virtual racing system for $USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. wagering. Online gaming See gaming. licensing is being arranged in a tightly regulated sovereign domain. State of the art online hosting is in place with the scalability to handle world wide lottery style wagering activity. Sungold has confirmed that appropriate security is in place and that bandwidth and server capacity will be second to none in the online wagering industry. Players will be able to place wagers from $2 to $100,000 on races run approximately every 90 seconds. RECIPROCAL ONLINE PARTNERS Horsepower is currently negotiating agreements with companies that operate hundreds of online casino Online casinos, also known as virtual casinos or internet casinos, are online versions of traditional ("brick and mortar") casinos. Online casinos enable gamblers to play and wager on casino games through the Internet. and sports sites that wish to do reciprocal promotions with Horsepower 2. These sites are receiving millions of visitors/players and Horsepower represents the ideal promotional partner with its unique www.horsepowernetwork.com virtual racing system. Horsepower is committed to virtual racing and believes the Horsepower Jackpot and Quick 6(TM) will be attractive to casino players as well as lottery, keno, bingo and horseracing gambling enthusiasts. Sungold Entertainment Corp. (OTCBB: SGGNF) Per: "Kim N. Hart" Kim Noble Hart, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 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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