NEWS
B: - Silks Corporation Announces Renewal of 2012 Simulcast License - ( BusinessW
ire )
TORONTO, Feb 27, 2012 (BUSINESS WIRE) --
SUNGOLD INTERNATIONAL HOLDINGS CORP. ("Sungold") (PINK SHEETS:
SGIH)
Silks Corporation, a subsidiary of Sungold International Holdings Corp.,
and operator of the RacingtheWorld.com ADW, received its Simulcast
License renewal for 2012 at the North Dakota Racing Commission meeting
on February 16, 2012. Les C. Rankin, President of Silks Corporation,
and
Keith Blackwell attended the meeting to make a short presentation and
answer questions.
The RacingtheWorld.com wagering component is currently off-line for
reasons including a review of the credit card processing system, and
possibly changes intended to guard against use of fraudulent credit
cards. This work is scheduled to be completed for re-launching the site
by the end of March.
About Sungold International Holdings Corp.:
Sungold(R) is a diversified holding company in the business of developing
online horserace wagering, energy management, kiosk distribution and
niche market on-line publishing. Sungold(R) 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. Sungold(R) is a public corporation 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.
SOURCE: Sungold International Holdings Corp.
McDerMedia, Inc., Public Relations
John McDermott
1-888-SUN-INTL
pr@sungoldintl.com
Copyright Business Wire 2012
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