|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 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 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 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.