NEW YORK, Aug. 4, 2014 (GLOBE NEWSWIRE) -- Elray Resources Inc. (OTCBB: ELRA ) announced today that it has launched its Proprietary Virtual Horse Racing Product.
The Races are now live and are racing every four minutes at 4 different race tracks.
Elray has developed the Technology and owns the Intellectual Property.
A promotional video can be seen at http://simvracing.com/promo
US residents can also visit www.simvracing.com and register a trial account and place fantasy bets on the Live Races that are running every 4 minutes.
SimVRacing is a virtual thoroughbred horse racing experience based with such realism that it is sometimes hard to believe that it is a game. SimVRacing was built with the input and advice of horse owners and breeders, trainers, jockeys, handicappers and of course the patrons of horse racing.
SimVRacing uses a proprietary method for delivering the race content, which minimizes bandwidth requirements and prevents reverse engineering of the race results.
Brian Goodman, CEO stated that, "We have worked tirelessly to reach this stage. Elray has re-created the world of live horse racing down to every element from breeding characteristics, classifying, speed rating and track conditions and there can be no doubt that this Unique Technology and I.P. that Elray owns is of sizeable value and as a result will add value to Elray as a whole.
Whilst US residents cannot place real money bets on the SimVRacing Virtual Horseracing product, we are already negotiating distribution agreements with two large multinational Licensed Gaming Operators in the Asia Pacific and this will result in considerable revenues to Elray.""This is a very lucrative market, the Global Online Gaming Market is estimated at 39 Billion US Dollars and expected to sustain strong growth"
About Elray
Elray is an established Gaming entity which owns and licenses Gaming Intellectual Property, Gaming Domains, Trademarks and Player Databases. Whilst Elray is a US company, we have a global presence with offices in London, South Africa, Sydney and Curacao, homes of the largest gaming operators, which helps us actively manage and serve our clients. Our sophisticated patented software automatically declines any gaming requests from within the United States, in strict compliance with current US law. Our Sydney office allows us to tap into skilled resources and some of the world's largest client base, for regular, personal interaction. As our active operations are in a jurisdiction that is friendly to online gaming, our clients can rest assured that we are here to stay. www.elraygaming.com
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.
Melissa Diaz, South Street Media, Inc Phone: (917) 937-8968 Email:
