Sungold International Holdings fka SGIH

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Silks Corporation Launches the RacingtheWorld.com Wagering Pad

2011-02-09 09:00 ET - News Release

TORONTO -- (Business Wire)

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

Silks Corporation, a subsidiary of Sungold International Holdings Corp., is pleased to announce the launch of the wagering component of the RacingtheWorld (RTW) Advance Deposit website on the internet for live wagering at www.racingtheworld.com.

The RTW wagering function is an original design, uniquely different from anything currently seen in the industry. Customers will be impressed with the simplicity, the striking graphic design, and video game feel of the new RTW wagering pad, which will adapt well to mobile devices.

“We are extremely pleased with this RTW site,” said Les C. Rankin, President and CEO of Silks Corporation. “It is the culmination of an ambitious effort over a long period of time. We think the commitment and perseverance have been well worthwhile. We look forward to offering this product to the industry and welcome any feedback, and we already have more features currently in development.”

As a reminder, RacingtheWorld.com returns 50% of its income before tax to customers’ state jurisdictions, directed to ‘state bred’ purses, and RTW accepts Members from non-wagering states who cannot bet, but can benefit from a variety of information services on the site, such as Odds, Probables, Pool totals, Results, Payouts and 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
[e-mail]