|Vancouver, BC : [Business Wire] December 4, 2001 ~ Sungold Entertainment Corp. (OTC BB: SGGNF News, Frankfurt: WKN 608164 News) is extremely pleased to announce that Sungold and its' wholly owned subsidiary Horsepower Broadcasting Network (HBN) International Ltd., have been presented with the prestigious International Internet Gaming Innovator Award at the fifth Annual Symposium on Internet Gaming held at the Shelbourne Hotel in Dublin, Ireland. |
Sungold/HBN were globally recognized for the successful development of their Horsepower2 (HP2) equal chance, virtual horseracing game. Having recently completed its' first live beta test, HP2 has garnered worldwide interest and is currently initiating a focused marketing campaign aimed at making the Horsepower2 Quick6(tm) the largest jackpot pool in the wagering world. Recent pool winnings have included a $465,785 USD Pick 5 and a $46,537 USD Pick 4. Horsepower2 is a random virtual horserace run every 90 seconds with a real-time, online, common pari-mutuel pool.
Other winners of awards at the symposium included Boss Media AB (Sweden : 13-SEK), Ladbrokes (division of Hilton International Hotels NYSE : HLT), and Cryptologic (Nasdaq : CRYP).
Permanent Gaming License Issued for HBN
Horsepower Broadcasting Network (HBN) International Ltd. has received a permanent gaming license from the Kahnawake Gaming Commission. The Kahnawake Gaming Commission, with licensees from around the world operating on Mohawk Territory of Kahnawake, Quebec, has become a global recognized leader in licensing and regulating online wagering operators.
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Lindsay Malcolm Corporate Inquiries:
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This news release contains forward-looking statements regarding projected revenues and corporate developments. Forward-looking statements address future events and conditions based on the opinions and estimates of management and therefore involve inherent risks and uncertainties such as risk associated with international markets, financing conditions and international currency fluctuations. 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.