Elray Resources Inc (ELRA)

[sweet crude]

ELRA Issued .40 Price Target

ELRA Launching Major Bitcoin Exchange in Asia for 80 Million Players, Upgraded to $0.40 Per Share

(NEW YORK)--Elray Gaming, Inc. (OTC:ELRA), a provider of online and mobile gaming turnkey solutions, announced a Joint Venture with one of Asia's leading social game developers for the development of a Bitcoin and credit exchange..

As part of its ongoing strategy to develop a Bitcoin and Credit Exchange, Elray Gaming ha, which has over 80 million users currently, and is growing rapidly. To put that into perspective, ELRA will now have access to nearly 80 million gamblers in Asia, which alone is like nearly 25% of the total US population.

Global CXC will allow players to exchange credits from various social gaming networks and also interchange credits for Bitcoins. Global CXC will initially provide the exchange for the one Social Gaming Network of over 80 Million Players, an online Casino Network and an Online Merchandise Store. Users will be able to freely exchange credits for the social gaming platform, the online casino, a large variety of merchandise and also utilize Bitcoins to acquire credits, hereby creating a virtual exchange for the 80 million existing users. Global CXC will add additional Social Gaming Networks, Merchandise Stores and Casinos over time and capitalize on the rapidly growing social networks as well as Virtual Currency opportunities.

This joint venture could make ELRA one of the largest players in Bitcoin gaming in Asia, and one of the top players involving Bitcoin gaming in the world.

ELRA Highlights

- Developing Bitcoin Casino
- Exploring Bitcoin Binary Option Trading
- Developing Virtual Horse Racing Platform
- Investor Demand into Bitcoins Growing
- 29 Million Shares Outstanding, Float 10 Million
- Price Target Raised to $0.40+

http://www.wallstreetnewscast.com/profile/elra.html

This is way conservative for a company gaining 80 million online gamblers to their bitcoin exchange AND online casino...kaboom!!!

Dont be surprised to see .50 to maybe even $1.00