Sungold International Holdings Corp

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Press Release Source: Sungold International Holdings Corp.


Sungold International Holdings Corp.: Horsepower Broadcasting Network International 'HBN' Names New Ceo
Monday March 7, 9:02 am ET


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 4, 2005) - Sungold International Holdings Corp. (OTCBB:SGIHF - News)
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The Board of Directors of Sungold International Holdings Corp. are pleased to announce the appointment of Larry Simpson as CEO and President of their wholly owned subsidiary Horsepower Broadcasting Network International (HBN). The new appointment will see Simpson overseeing the entire Horsepower operation, including directing on a day to day basis the company's proprietary product Horsepower World Pool, the exciting, progressive pari-mutuel wager designed to generate million dollar+ prizes daily for racing fans.

Don Harris, Sungold's Chairman of the Board said "Larry, in his two and a half years with the company, has worked diligently in bringing the Horsepower product to market, and deserves the opportunity to take it to the next step as we move forward. His expertise in the racing industry will be extremely important to our company as we not only continue to introduce Horsepower to the North American racetracks and other countries, but also work to have it legislated in the many interested racing jurisdictions. Kim Hart (the former CEO of Horsepower) was a visionary and a long-term strategist and the Board of Sungold feels quite confident that Larry can continue this work in progress in a positive and expeditious manner. The Board is in full agreement that Larry's 25 years plus of successful working experience in the horse racing industry and the many good contacts he has made over this period as well, will prove invaluable during this critical juncture of Horsepower's dev
elopment."

Prior to the Board's recent announcement, Simpson had been Vice President of Corporate Development for Horsepower World Pool, responsible for the North American racetrack market.

This news release contains forward-looking statements. Forward-looking statements address future events and conditions based on the opinions and estimates of management and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements. The horseracing industry and pari-mutuel wagering are subject to a number of factors that are beyond Sungold's control including: changes in economic conditions, industry competition, management risks, changes in racing products, variability in operating costs, changes in government and changes in regulatory rules and regulations.


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Contact:

Sungold International Holdings Corp.
Troy Griffin
Phone: (604) 669-9580
Fax: (604) 669-9577



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Source: Sungold International Holdings Corp.
 
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