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Sorry, on the iPad today.
They put a couple of pages up at www.ElrayMobile.com
Elray Gaming to Develop Mobile Technologies for Online Gaming Sector
2013-04-04 08:30 ET - News Release
Elray Gaming to Develop Mobile Technologies for Online Gaming Sector
New York, NY US, April 04, 2013 /FSC/ - Elray Resources, Inc (ELRA - OTCBB), through its online gaming and turnkey solution subsidiary Elray Gaming, announced the launch of Elray Mobile to develop a host of mobile products and technologies for the mobile gaming sector.
The Company has launched Elray Mobile for the specific focus on developing and acquiring companies focused on both non-wagering and mobile casino technologies. According to a recent study carried out by mobile device experts Juniper Research, the mobile gambling market is anticipated to be worth more than $100 billion by 2017, which also revealed that mobile gaming is the fastest growing sector in the gambling market as a whole.
Recent Changes in US Gaming Laws
In past few months a number of states, such as Nevada and New Jersey, have implemented new laws making legal online gaming under certain requirements, with a number of other states currently considering relaxation of their current gaming laws as well. On the Federal level an online gaming bill to provide a set standard for the United States as a whole remains in committee, but these recent moves by the states indicates that a set standard in US gaming laws may not be to far off into the future.
Brian Goodman, the CEO of Elray Gaming commented, "With the industry naturally progressing towards mobile gaming, as seen recently with Zynga's announcement to enter the online and mobile gaming sector, it only made sense for Elray Gaming to position itself as a player in the social gaming and mobile casino industry, and will work to develop and acquire operating mobile gaming technology companies to expand its breath, and portfolio."
Share Structure
As of March 6, 2013, the Company had 14,035,037 common shares issued and outstanding.
About Elray Gaming
Elray Gaming provides a complete turnkey solution for numerous successful online gaming companies as well as performs strategic marketing and consulting services for Online Gaming operators from all parts of the world. While our US office is in New York, we are a global company with offices in London, Sydney and Curacao, homes of the largest online operators on the net, 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 and www.elraymobile.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:
Brian Goodman,
Elray Gaming, Inc.
Phone: (917) 775 9689
Email: Brian@elraygaming.com
Melissa Diaz,
South Street Media, Inc
Phone: (917) 937-8968
Email: info@southstreetmedia.com
This release is available as a PDF. Please click on the following link to view the PDF:
http://www.usetdas.com/pr/elray04042013.pdf
Source: Elray Resources, Inc (OTCBB: ELRA) http://www.www.elraygaming.com
Maximum News Dissemination by FSCwire. http://www.fscwire.com
Sorry z...I am on the ipad today and it won't let me view the L2 with no Flash
Congratulations!!!
ELRA Legal Battle Shows Positive Update
Date: March 25, 2013 - 8:30am EST
(NEW YORK) –Elray Gaming, Inc., a developer of online and land based gaming projects, which is traded under the name Elray Resources, Inc. (OTC:ELRA), has recieved positive ruling this past weekend that may have a positive reaction on the stock.
According to the Nevada Clarke County court website, notes from the case against Mr. Loa, and Millennium Commodity Trading Pty Ltd, show Mr. Loa must now provide requested documents from past hearings, and if he fails to do so very soon could result in a court ruling to "compel" Mr. Loa to present these documents, or risk losing the case, with judgement going to ELRA.
This could result in ELRA not only winning their legal battle against prior deal, but also open the door to potentially tens of millions in damages. This court update could very well have a positive effect on ELRA share price this week, and by looking at the chart (see attached) you can see the market and people behind this case also notice the potential postive win for the company.
ELRA closed Friday at $0.085 per share, and current has around 12 million shares issued and outstanding.
*********************
Safe Harbor Statements:
This investor presentation may include statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
Disclaimer:
This is NOT a solicitation to Buy or Sell any security, but rather is for informational purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Wall Street Newscast ("WSNC") does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. WSNC, its affiliates, or directors, may or may not hold a position in the above security from time to time, and investors are encourage to consider this as a possible conflict of interest when reviewing this information. In Compliance with SEC Rule 17B Wall Street Newscast was compensated twenty thousand restricted shares, for ongoing research and media coverage. WSNC may hold a position in above securities from time to time, and thus should be considered a possible conflict of interest when reviewing this report and information. These investments may involve a high degree of risk, thus investors are highly encouraged to consult with a financial advisor before any and all investments.
Typically it means the judge, instead of ruling on the case/motion, gave more time to one side to produce additional information/evidence.
My guess is that when Elray filed the motion for contempt and shortening the time, Lao's side was able to successfully argue that they need more time to produce the information that will counter the contempt charge.
So, we get to wait some more.
Over $160,000 in trades today, so far...something must be up. JMO.
There was such a missed opportunity here. All they had to do is follow the RS with an actual functioning website for Elray Mobile (which shouldn't be affected by this court case at all) and then post a couple of PRs and a timelines of what their business plan is. Just those few things would have sent this stock to 25¢-30¢.
But, instead, we get to listen to more crickets. Life in penny-land.
Can't argue much...but they are fighting pretty aggressively in court and it seems the news they put out last year has been validated by the court cases. So, there must be something worth fighting, in their opinion.
You never know with these things. I don't trust the management, but if they ever decided to put their best foot forward, this could run up very quickly...as long as it remains a low-float.
Looks like there is still 10,000 at .065. It's very thin on both sides...could go either way at this point. I guess they are more worried about the court case than keeping their stockholders informed. JMO.