NEW YORK, July 7, 2015 /PRNewswire/ -- Elray Resources Inc. (OTCPK: ELRA) trading as Elray Gaming announced today the Appointment of Synergy Business Consultants as its IR and financial communications agency, headed by Investor Relations veteran Richard Severson.
Mr. Goodman, CEO of Elray Gaming said "We are very excited to be working with Synergy. The Company's ability to communicate in a strategic and consistent manner has never been more important. Richard Severson's well-established industry reputation and far-reaching network of contacts coupled with his considerable experience both in an agency and a corporate environment will help us deliver even greater growth and success in the coming year. Elray has made solid progress both in terms of revenues and reduction of debt in the recent months and communicating this positive progress will have a positive impact on the strength of the Company."
Richard brings over 15 years of diversified financial and communications experience to his role as President of Synergy Business Consultants.
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.
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.
Synergy Business Consultants
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SOURCE Elray Gaming