NEW YORK, June 19, 2015 /PRNewswire/ -- Elray
Resources Inc. (OTCPK: ELRA) trading as Elray Gaming announced
today that Revenues are up substantially Quarter over
Quarter.
Photo - http://photos.prnewswire.com/prnh/20150618/224252
Revenues for Q1 2015 over Q4 2014 were up 49%.
Brian Goodman, CEO stated that,
"Elray is making exceptional progress and will post another Q/Q
Revenue Increase for Q2, 2015 coupled with a further reduction in
debt. Elray has assisted its clients in generating additional
revenues and profitability as a result of its unique IP/Technology,
skilled team and its customer retention and marketing tools. Online
gambling is a global phenomenon. The North America market is beginning to show
solid growth and certain states are already allowing regulated
activity. Elray is currently developing specific tools for the US
market and will play a part in this lucrative market and provide
its 'state of the art' technology to licensed operators."
www.ElrayGaming.com
About Elray
Elray is an established Gaming entity that 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 and Sydney, homes of the largest gaming operators,
which helps us actively manage and serve our clients. Our
sophisticated software automatically declines any gaming requests
from within the United States, in
strict compliance with current US law.
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.
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.
Contact:
Jacqui Hawksworth
Phone: (917) 775-9689
Email
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SOURCE Elray Resources Inc.