New York, NY - May 18th,
2015 - Elray Resources Inc. (OTCPK:
ELRAD)
2015 is on track to be an
excellent year for Elray. Our revenues are substantially higher,
our expenses are lower and we have managed to reduce overall debt,
all very positive indicators. We will continue to focus on growing
our revenues and fulfill our vision of being a Globally Recognized
and Successful Gaming Company.
We remain focused on
utilising our Intellectual Gaming property and our experienced
sales and marketing force to increase our reveneus and reduce
debt.
Our emphasis remains on
the rapidly growing Online Gaming segment of the
marketplace.
MILLIONS of Dollars of
Wagering
Elray has multiple support
and marketing agreements with successful online gaming operators
and we currently generate considerable gaming activity for our
clients and hence valuable revenues for Elray.
Elray assisted our clients
in generating over 58 Million USD of wagering for the month of
April and our clients are on track to achieve 120 Million USD for
the month of May an increase of over 107%.
Elray will continue to
develop and grow this segment of the business.
One United Leadership
Team
We have built an
experienced team with extensive gaming expertise. This multilingual
team has a broad capability covering all aspects of the business
including technology development, marketing, customer support and
compliance.
Our compliance team
provides sophisticated tools to assist clients in blocking players
from jurisdicitions such as the USA, Hong Kong, Singapore and many
other regulated markets.
The team brings tremendous
passion, energy and experience to the company’s future and will
continue to drive revenues and resultant value in
Elray.
POSITIVE
OUTLOOK
Elray is ideally placed to
bring on additional online operators and asssit them in running
their operations by utlising is IP to provide state of the art
marketing and support services.
VISION
As we look back on 2014,
and forward to the rest of 2015, it becomes increasingly clear that
our ability to create shareholder value is shaped by three
essential and core strategies:
- Continuing to develop and
deploy our own valuable intellectual property,
Increasing our customer base with respect to Online Gaming Services
and Support,
Increasing revenues, reducing expenses and reducing
debt
These essential three
strategies comprise our corporate strategy, define our standard for
assessing performance, and shape all of our
thinking.
Anthony
Goodman
Chief Executive
Officer
www.elraygaming.com
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.
Our sophisticated software systems
automatically decline and denies any gaming requests from within
illegal gaming jurisdictions including but not limited to the
United States, Hong Kong, Singapore, United Kingdom, France, Italy
and Israel and prevents any access to the products that we support
from any of these jurisdictions ensuring that residents of these
countries cannot participate and are in strict compliance with the
laws of these countries. Our Sydney office allows us to tap into
skilled resources and some of the world's largest client base, for
regular, personal interaction.
We comply with all regulations, rules and directives of
governmental authorities and agencies applicable to online gaming.
Regulations relating to online gaming vary significantly in
different jurisdictions. Various sophisticated methods are utilized
prior to acceptance of deposits to ensure that funds are only
accepted from gamers in jurisdictions in which we are legally
entitled to provide services.
The Unlawful Internet Gambling Enforcement Act of 2006
(“UIGEA”) became United States (“U.S.”) law in late 2006 and
effectively curtailed legal participation by U.S. players in online
gambling. The UIGEA prevented financial transactions related
to online gaming in the U.S. Players in the U.S. are currently
legally precluded from participating in online gambling.
Elray’s online gaming products are not available to U.S. players
and also not available to residents of Hong Kong.
Our active operations that we support are in jurisdictions
that are friendly to online gaming. Elray fully complies with the
United States Unlawful Internet Gambling Enforcement Act of
2006.
Contact:
Jacqui Hawksworth
Phone: (917) 775-9689
Email: info@elraygaming.com