Elray Gaming – Announces Record Revenues
May 03 2016 - 9:25AM
InvestorsHub NewsWire
Elray Gaming – Announces Record
Revenues
NEW YORK, NY -- May
3, 2016 -- InvestorsHub NewsWire -- Elray Resources Inc.
(OTCPK: ELRA)
trading as Elray Technologies announced record revenues of over 3
Million Dollars.
Revenues for the 12 months
ending 2015 were $3,088,180.00, over 13 times the previous year’s
Revenues.
General and Administrative
Expenses were also reduced by 34% from $2,311,608 to $1,511,526
compared to financial year 2014
Brian Goodman, CEO stated that,
"Elray has had a solid past year and is looking to continue
these excellent achievements in 2016. The company will launch some
exciting new products as part of its growing portfolio that will
capitalize on the SEC’s recent decision with
regard to the JOBS Act and as such will focus
specifically on the exponentially growing Crowd Funding market,
this should further bolster what is already a business with good
growth and opportunity and strengthen our recognition in the
industry”
www.Elraytech.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 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.
Contact:
Brett Cohen
Phone: (917)-775-9689
Email: info@elraygaming.com
Elray Resources (PK) (USOTC:ELRA)
Historical Stock Chart
From Sep 2024 to Oct 2024
Elray Resources (PK) (USOTC:ELRA)
Historical Stock Chart
From Oct 2023 to Oct 2024