Sungold International Holdings Corp.
OTC Bulletin Board : SGIHE

Sungold International Holdings Corp.

March 24, 2008 21:11 ET

Sungold® Issues Corporate Update and Appoints Richard Forsman to Silks Corporation Board

TORONTO, ONTARIO--(Marketwire - March 24, 2008) - SUNGOLD INTERNATIONAL HOLDINGS CORP. ("Sungold") (OTCBB:SGIHE)(Frankfurt: WKN 608164, Berlin)

The Sungold International Holdings Corp. trading symbol changed today from SGIHF to SGIHE. This change does not affect normal trading which will continue as usual using this revised symbol (SGIHE) until the Annual Form 20-F is filed, upon completion of Sungold's financial statement audit which is now in progress. Once filed, the Company's symbol will revert to the previous SGIHF.

In addition, the Sungold® group is pleased to welcome Richard Forsman as a Director of the recently incorporated Silks Corporation. Mr. Forsman has an extensive management background involving more than 30 years of experience in Human Resources Management, Labor Relations and Employee Development and Training. During Mr. Forman's professional career he has managed these functions for a number of companies including Vanguard Car Rental, National Car Rental Systems, Donovan Companies, Inc. and Burger King Corp., and is currently President and CEO of Ambassador Sales and Service, LLC.

"We know that, with his wealth of experience, Mr. Forsman will be a valuable asset and make significant contributions over the years to come," said Les C. Rankin, Chairman of the Board of Silks Corporation.

About Sungold International Holdings Corp.:

Sungold® is in the business of developing entertainment and e-commerce business in Canada, USA and internationally. Sungold® has four 100% wholly owned subsidiaries: Horsepower Broadcasting Network (HBN) International Ltd., Racing Unified Network (R.U.N.) Inc., Silks Corporation 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® also holds a 38% interest in Silks Media Corporation which publishes ThoroughbredStyle Magazine. Sungold® is a fully reporting public corporation trading as SGIHE-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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