The Directors and Officers have extensive experience in private and public project financing. Sungold Entertainment U.S.A. Ltd. Sungold controls the technology, source codes, trademarks, patents, copyrights and the worldwide title, rights and interest to the SafeSpending anonymous Internet payment system. International entertainment, e-commerce and gaming opportunities are being considered by Sungold in locations worldwide. New expansion opportunities, legal live sports wagering and one of the fastest growing T.V. audiences in pro-sports make racetracks a prime candidate for Sungold expansion. Sungold owns the online rights, title and interest in the Horsepower animated, equal chance wagering based, virtual, horseracing system.
Horsepower is an exciting animated horseracing game which is viewed on a video monitor.
The Horsepower virtual racetrack is also a prime sponsorship opportunity for major advertisers. This includes the rights to all intellectual property including copyrights, patents and trademarks. The SafeSpending internet payment system is a pre-paid spending system that uses cards with a unique PIN number which can be used to make anonymous online cash purchases from merchants or individuals. SafeSpending is planned for introduction in 2002. A survey by Odyssey Online found that 83 percent of respondents said that payment security concerns prevented them from shopping online.