TORONTO, Nov. 30 /CNW/ - SUNGOLD INTERNATIONAL HOLDINGS CORP. ("Sungold") (OTC.PK: SGIH, Frankfurt: WKN 608164, Berlin)
Silks Corporation, a subsidiary of Sungold International Holdings Corp., is pleased to announce that it has been granted the renewal for 2010 of its Simulcast Service Provider License by the North Dakota Racing Commission at their November meeting.
The license renewal continues to authorize Silks Corporation to operate its online Advance Deposit Wagering site, RacingTheWorld.com, which is intended to attract Domestic as well as International customers, and to operate Off Track Betting locations in the State of North Dakota.
Chairman and President, Les C. Rankin commented, "We are pleased that the North Dakota Racing Commission has renewed our license and appreciate their continued support. RacingTheWorld.com software development is currently underway, and we are proceeding towards launch as quickly as possible. A decision has been made to locate the operating hardware at a secure co-location site in North Dakota."
About Sungold International Holdings Corp.:
Sungold(R) is a diversified holding company in the business of developing online horserace wagering and niche market publishing in the USA, Canada and Internationally. Sungold(R) has four wholly owned subsidiaries: Silks Corporation, Horsepower Broadcasting Network (HBN) International Ltd., Racing Unified Network (R.U.N.) Inc., and SafeSpending Inc. Silks Corporation holds a 44% interest in Silks Media Corporation which publishes ThoroughbredStyle Magazine. Sungold(R) is a fully reporting public corporation trading as SGIH-OTC.PK.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: The statements in this press release that relate to the Company's expectations with regard to future impact on the Company's results from new products in development are forward looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Such information may contain statements that involve risks and uncertainties and is subject to change, at any time. The Company's results may differ materially from expected results. Information on the factors, which could affect the Company's operations or financial results, is included in the Company's reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission.
SOURCE SUNGOLD INTERNATIONAL HOLDINGS CORPORATION
For further information: For further information: John McDermott, McDerMedia, Inc., Public Relations, 1-888-SUN-INTL