Sungold International Exec Movemnets

Published: Saturday, February 25, 2006 Online-Casinos.com

SUNGOLD INTERNATIONAL HOLDINGS EXEC MOVEMENTS

Virtual horse racing software developer makes changes at the top managment

Sungold Internation Holdings, a developer of virtual horse racing, media and other software has informed shareholders of top management changes this week.

T. Keith Blackwell assumes the duties of Chief Executive Officer. Formerly the firm's Chief Financial Officer, he is a Chartered Accountant and holds a Masters degree in Business Administration from the Schulich School of Business at York University. At the same time Paul T. Coulter who was Vice-President Administration is assuming the position of Corporate Secretary.

Concurrently with these moves Larry Simpson, President and CEO of Sungold's subsidiary Horsepower Broadcasting Network (HBN) International Ltd. has announced that Les Rankin and Murray Marshall have both accepted positions as Directors on subsidiary Horsepower's board.

Les Rankin has a distinguished background in the horse racing industry with more than 25 years ownership in breeding and racing operations as well as having strong business relationships with race track owners and managers in Oklahoma and New Mexico. Additionally he has worked as a lobbyist on multiple legislative matters in Washington, D.C. and as an advisor on health matters for Florida State Senator Rod Smith, a current candidate for Governor for the State of Florida.

Murray Marshall is President and CEO of four Ontario based wineries and is also Chairman of the VQA Canada. His business experience, which extends back over the past 19 years, includes Joseph Seagram & Sons, Andres Wines, the T.G. Bright Company and Colio Estate Wines. Murray has also been a successful owner and breeder of Standardbreds in his native Ontario, and has been a partner in several Thoroughbred racing stables as well.

Sungold's head office address is changing, too. The company is moving to Toronto from its old address in Vancouver.