Sungold International Holdings Corp.
OTC Bulletin Board : SGIHF

Sungold International Holdings Corp.

February 23, 2009 09:40 ET

Sungold International Holdings Corp.: Silks Corporation Opens Its First Off-Track Betting Facility in North Dakota

TORONTO, ONTARIO--(Marketwire - Feb. 23, 2009) - SUNGOLD INTERNATIONAL HOLDINGS CORP. ("Sungold") (OTCBB:SGIHF)(FRANKFURT:WKN 608164, Berlin) -

Silks Corporation, an affiliate of Sungold International Holdings Corp., announces its OTB is ready to go live at The Turf Club at Dempsey's in Fargo, ND, on February 23rd. In partnership with Horse Race North Dakota, this newly renovated, upscale facility is also the first OTB in North America to boast Internet Broadcast Streaming for display of simulcast video, a state-of-the-art technology that represents a significant advance over previous systems.

Customers will enjoy world class live racing from across the country beginning on February 27th, followed by an official Grand Opening Celebration on March 7th, hosted by Silks Corporation, Horse Race North Dakota and Dempsey's.

The opening of The Turf Club at Dempsey's is the culmination of a process involving Silks' Simulcast Service Provider License, contracts with more than 15 race tracks, and a number of other contractual and technical arrangements that have now been completed.

"This launches Silks Corporation into the world of national horse race wagering and we look forward to a successful venture with our partner, Horse Race North Dakota," said Les C. Rankin, Chairman of Silks Corporation.

About Sungold International Holdings Corp.:

Sungold® is in the business of developing entertainment and e-commerce business in Canada, the USA and internationally. Sungold® has three 100% wholly owned subsidiaries: Horsepower Broadcasting Network (HBN) International Ltd., Racing Unified Network (R.U.N.) Inc., and SafeSpending Inc. Sungold® controls the technology, source codes, trademarks, patents, copyrights and the worldwide title, rights and interest in each of the wholly owned subsidiaries. Sungold's affiliate, Silks Corporation holds a 44% interest in Silks Media Corporation which publishes ThoroughbredStyle Magazine. Sungold® is a fully reporting public corporation trading as SGIHF-OTCBB.

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.

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