CEO’s Letter to Shareholders
16 September 2014 - 11:00PM
InvestorsHub NewsWire
ELRAY GAMING CEO’s LETTER TO
SHAREHOLDERS
NEW
YORK, NY - September 16, 2014 - InvestorsHub NewsWire - Elray
Resources Inc. (OTCPK:
ELRA) 2014
has been a year marked with challenges for Elray but it has also
been a year of remarkable accomplishments, as we progress towards
our vision of being a Globally Recognized and Successful Gaming
Company.
We remain focused on building our own
Intellectual Gaming property as well as continuing to be a global
gaming service provider with particular emphasis son the rapidly
growing Online Gaming segment of the marketplace.
PROFITABLE GROWTH OVER THE LONG
TERM
In
the last twelve months we have made some considerable achievements,
we have generated the company’s first revenue streams via
contractual relationships with strategic gaming operators, we have
built unique, valuable gaming technology including a fully
operational Virtual Horse Racing System www.simVracing.com
and we are in the midst of
deploying this technology into the lucrative online gaming arena
which will result in additional revenues, we have concluded a JV
agreement with a major Junket operator in Asia leading to large
wagering activity, we have raised considerable investment via a
private placement of stock.
MULTIPLE REASONS TO ‘Bet ON US’ (Elray’s
Business Slogan)
MILLIONS OF DOLLARS OF
WAGERING
Elray is already generating considerable
gaming activity in a Licensed Live Dealer Casino Facility located
in Manila as a result of its Joint Venture with its Junket
Operators.
The
JV has resulted in gaming revenues (Wagering) of greater than
$68,000,000 over a 45 Day period and average of over 1.5 Million
USD per day and a day high of $9,296,568 USD
Elray will continue to develop and grow this
segment of the business.
BILLION’s OF POTENTIAL CONSUMERS AND A MULTI
BILLION DOLLAR MARKETPLACE
The Global Gaming market was worth USD 70.5
billion in 2011 and is expected to reach USD 117.9 billion in 2015,
growing at a CAGR of 13.7% from 2011 to 2015. In the overall global
market, the Asia pacific region is the fastest growing geographical
segment till 2015. The demand is forecasted to increase in the
upcoming years worldwide due to advanced gaming features and
increasing number of internet users. * Transparency Market
Research.
Elray is focused and already actively
involved on the Emerging Markets and China and these markets
present massive opportunities for Elray.
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.
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 currently finalizing
numerous projects that will add considerable value to the company
as a whole:
A master distributor agreement with the
world’s largest gaming software
provider.
An agreement to promote a licensed High
Roller Slot facility in Macau with over 100 of the world’s latest
Slot Machines.
The acquisition of an established
and reputable licensed Global Online Casino with thousands of
active players and a Multi-Million
turnover.
VISION
As we look back
on 2014, and forward to the rest of 2014 and 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,
Continuing to
build our operational gaming businesses and JV partnerships and
acquiring additional gaming businesses that generate
revenues.
These three essential 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.
Contact:
Melissa Diaz,
South Street Media, Inc
Phone: (917) 937-8968
Email: info@southstreetmedia.com
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