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Sungold International Holdings Corp. (Sungold) is a development-stage company. The Company and its wholly owned subsidiaries, Horsepower Broadcasting Network (HBN) International Ltd. (HBN), Racing Unified Network (R.U.N.) Inc. (RUN) and SafeSpending Inc., are in the business of developing and operating a live race lottery event, a virtual race lottery event, a pari-mutuel, virtual horseracing game, on-line wagering, publishing the ThoroughbredStyle magazine, and the development of an Internet payment system, and developing advertising revenues associated with the virtual horse racing system, and the print and electronic media magazine program. On February 25, 2008, the Company incorporated Silks Corporation.
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