InvestorsHub Logo
Followers 20
Posts 2920
Boards Moderated 0
Alias Born 10/19/2006

Re: None

Tuesday, 01/04/2011 3:33:40 PM

Tuesday, January 04, 2011 3:33:40 PM

Post# of 114
This is on fire today ^ 85%!!

Silks Corporation Introduces the RacingtheWorld.com Website



2010-12-31 09:30 ET - News Release



TORONTO -- (Business Wire)

SUNGOLD INTERNATIONAL HOLDINGS CORP. (“Sungold”) (PINK SHEETS: SGIH)

Silks Corporation, a subsidiary of Sungold International Holdings Corp., has introduced the RacingtheWorld Advance Deposit Wagering website on the internet for viewing at www.racingtheworld.com. The wagering function which is currently in the last stages of testing will be activated shortly.

Silks Corporation wishes to point out its unique profit distribution program, as described on the home page. The RacingtheWorld.com commitment is to return 50% of its income before tax to customers’ state jurisdictions, to be specifically directed to ‘state bred’ purses.

In addition to Wagering players, RacingtheWorld.com accepts Non-wagering members who can benefit from a variety of information services on the site, once the wagering function has been activated, such as Odds, Probables, Pool totals, Results and Payouts, plus introductory live race and race replay video.

About Sungold International Holdings Corp.:

Sungold® is a diversified holding company in the business of developing online horserace wagering, energy management, kiosk distribution, niche market publishing and e-commerce business in the USA, Canada and Internationally. Sungold® 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 published ThoroughbredStyle Magazine. Sungold® is 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.


Contacts:

McDerMedia, Inc., Public Relations
John McDermott
1-888-SUN-INTL 1-888-SUN-INTL
pr@sungoldintl.com

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.