Elray Gaming Terminates Reverse Stock Split
NEW YORK, Sept. 19, 2014 (GLOBE NEWSWIRE) -- Elray Resources Inc. (OTCPK:ELRA)
trading as Elray Gaming announced today that it has lodged a Termination of
Amendment namely the Reverse Stock Split 'Certificate of Change filed Pursuant
to NRS 78.209 For Nevada Profit Corporations' filed with the Nevada Secretary
of State on the 2^nd of September 2014.
Elray has determined, in the interest of shareholders, to cancel the
originally planned Reverse Stock Split that was to be effective on the 22^nd
of September.
$$>>>>>This decision was reached as a result of positive opportunities and achievements by the company in recent weeks <<<<<<$$
www.ElrayGaming.com
About Elray
Elray is an established Gaming entity which owns and licenses Gaming
Intellectual Property, Gaming Domains, Trademarks and Player Databases. Whilst
Elray is a US company, we have a global presence with offices in London, South
Africa, Sydney and Curacao, homes of the largest gaming operators, which helps
us actively manage and serve our clients. Our sophisticated patented software
automatically declines any gaming requests from within the United States, in
strict compliance with current US law. Our Sydney office allows us to tap into
skilled resources and some of the world's largest client base, for regular,
personal interaction. As our active operations are in a jurisdiction that is
friendly to online gaming, our clients can rest assured that we are here to
stay. www.elraygaming.com
This press release may contain "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995, such as statements
relating to financial results and plans for future development activities, and
are thus prospective. Forward-looking statements include all statements that
are not statements of historical fact regarding intent, belief or current
expectations of the Company, its directors or its officers. Investors are
cautioned that any such forward-looking statements are not guarantees of
future performance and involve risks and uncertainties, many of which are
beyond the Company's ability to control. Actual results may differ materially
from those projected in the forward-looking statements. Among the factors that
could cause actual results to differ materially from those indicated in the
forward-looking statements are risks and uncertainties associated with the
Company's business and finances in general, including the ability to continue
and manage its growth, competition, global economic conditions and other
factors discussed in detail in the Company's periodic filings with the
Security and Exchange Commission. The Company undertakes no obligation to
update any forward-looking statements.
CONTACT: Melissa Diaz,
South Street Media, Inc.
Phone: (917) 937-8968
Email: info@southstreetmedia.com
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