Sungold International Holdings Corp.
OTC Bulletin Board : SGIHF

Sungold International Holdings Corp.

March 19, 2007 21:50 ET

Sungold® Purchases the Complete Assets of Thoroughbred Style Magazine And Incorporates Silks Media Corporation


Sungold International Holdings Corp. today announced it has expanded its horse racing-related media interests with the purchase of the complete assets of Thoroughbred Style Magazine and web site from Thoroughbred Capital 2006 LLC. Sungold® has agreed to contribute these assets to Silks Media Corporation, a company being incorporated in Nevada in exchange for the initial share capital. A similar number of initial shares will be issued to the operations management team for their participation. Silks Media Corporation will undertake the process of filing the necessary documentation to become publicly traded and is targeting the OTCBB as its initial venue, with the NASDAQ Small Cap market as its goal upon qualification.

Silks Media will publish Thoroughbred Style Magazine and Larry Simpson will serve as Executive Editor. Mr. Simpson brings a wealth of publishing experience to Silks Media Corporation gained as Publisher and writer for numerous horse racing publications over a period of 25 years.

Speaking about the company's acquisition, Larry Simpson said, "Thoroughbred Style Magazine becomes the flagship of Sungold's media and branding operations. With this vehicle Sungold® is embracing future markets, capturing new venues and acquiring a new opportunity to advertise and brand the core Horsepower® products. Thoroughbred Style's feature articles on racing, travel, fashion, and personal interest stories center on the people that drive our industry. The fact that we are the first true Thoroughbred lifestyle magazine gives us tremendous potential to be a market leader in a unique demographic. A preview issue published in December received excellent reviews, (a sample can be viewed at the web site and the first official issue will be published for July."

About Sungold International Holdings Corp.:

Sungold® is in the business of developing entertainment and e-commerce business in Canada, 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® 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 risk and uncertainties and are 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 are included in the Company's reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission.

Contact Information