|VANCOUVER, BC CANADA: JANUARY 23, 2003 ~ Sungold Entertainment Corp. (OTCBB: SGGNF, Frankfurt: WKN 608164) Sungold Entertainment Corp. (SGGNF: BB) announces the appointment of Art Cowie to its Board of Directors. Mr. Cowie has been a career Community Planner as well as a distinguished architect, government affairs consultant and has an extensive public service record including member of the BC Legislature, Alderman for the City of Vancouver, Chairman of the Pacific National Exhibition, Chairman of Vancouver Board of Parks and Recreation, member of BC and Canadian Institutes of Planning, past President of The BC Society of Landscape Architects and a Fellow of The BC Society of Landscape Architects. Art is the designer for the proposed Sungold Hastings Park one-mile racecourse retrofit. Art brings an extensive understanding of community planning, landscape architecture and civic politics that make Art uniquely qualified to assist the Sungold/Horsepower team at this time of rapid Horsepower World Pool expansion at racetracks. Mr. Cowie replaces Michael Bennett on the Board of Directors.|
Mr. Cowie has been granted 136,000 incentive stock options in Sungold Entertainment Corp. exercisable at $0.11 USD per share for five years.
Horsepower Broadcasting Network (HBN) International Ltd. (“HBN”) is a wholly owned subsidiary of Sungold Entertainment Corp. trading as SGGNF (OTCBB). www.horsepowerworldpool.com is a real time, pari-mutuel world jackpot pool designed primarily for racetracks of all breeds. Horsepower World Pool is based on a completely random, equal chance, virtual horserace, run online every 90 seconds. Horsepower World Pool has been tested to international lottery standards. The “HBN” corporate mission is to establish www.horsepowerworldpool.com as the leading jackpot pool worldwide.
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