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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C., 20549
FORM 6-K
Report of Foreign Issuer
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FOR PERIOD ENDED November 1, 2002
COMMISSION FILE NUMBER: (SEC File No: 0-30006)
SUNGOLD ENTERTAINMENT CORP.
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(Translation of registrant's name into English)
#500 - 666 Burrard Street
Vancouver, British Columbia
Canada, V6C 3P6
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(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F __
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ____ No _X_
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This is the form of material change report required under section
85 (1) of the Securities Act and section 151 of the Securities Rules.
BC FORM 53-901.F
Securities Act
MATERIAL CHANGE REPORT
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Item 1. Reporting Issuer
SUNGOLD ENTERTAINMENT CORP.
500 - 666 Burrard Street
Vancouver, British Columbia,
Canada, V6C 3P6
Telephone: (604) 669-9580
Facsimile: (604) 669-9577
Item 2. Date of Material Change
October 25, 2002
Item 3. Press Release
October 25, 2002, Arlington Heights, IL
Item 4. Summary of Material Change
Breeders Cup Chosen for Horsepower Worldpool Introduction
Appointment of New Director and Announcement of New Consultant
Item 5. Full Description of Material Change
ARLINGTON HEIGHTS, IL: OCTOBER 25, 2002 ~ Sungold Entertainment Corp. (OTCBB:
SGGNF, Frankfurt: WKN 608164) Sungold Entertainment Corp. (SGGNF: BB) Horsepower
Broadcasting Network, Inc.'s announces its' subsidiary Horsepower Broadcasting
Network (HBN) International Ltd. ("HBN") will introduce the "Horsepower World
Pool" pari-mutuel racetrack wagering system to operators and regulators from
around the world Saturday October 26, 2002 on the occasion of the Breeders Cup
World Thoroughbred Championship being held at Arlington Park in Illinois.
HORSEPOWER APPOINTS LARRY SIMPSON AS VICE PRESIDENT OF CORPORATE DEVELOPMENT,
SUNGOLD APPOINTS AS DIRECTOR
Mr. Larry Simpson of Ontario, Canada has 24 years of sales, marketing and public
relations experience, in the fields of horseracing, gaming, sports, and leisure.
Larry has a unique background in both thoroughbred and standardbred horse
ownership and syndication. Mr. Simpson has been a successful publisher, manager
and writer for many leading thoroughbred and standardbred publications over the
past 15 years. Larry's
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influence within the racing industry has extended to charity work for equine
research, lecturing on handicapping, arranging new owner seminars and freelance
writing for racing and gaming publications.
Mr. Simpson has been granted 200,000 incentive stock options in Sungold
Entertainment Corp. exercisable at $0.15 USD per share for five years.
Horsepower is proud to have a popular industry supporter like Larry Simpson on
the frontline introducing the new "Horsepower World Pool" to the racetracks of
the world.
HORSEPOWER WORLD POOL RETAINS
BOB ZIELKE & ASSOCIATES
HBN has retained Zielke & Associates led by Robert Zielke on a five year
contract to provide consulting services for the introduction of the "Horsepower
World Pool" racetrack program to racing operators and regulators within North
America. Bob Zielke & Associates is a licensed Kentucky commercial real estate
company operated since 1977 in Lexington by President Robert Zielke. Bob has
been actively involved in major transactions within the racing and breeding
industries for over 20 years.
Mr. Zielke has managed the Lexington Country Club, is a Corporate Member of the
Keeneland Club, Lexington Rotary Club and has served as a Staff Sergeant in the
US Marine Corp. Dubbed by the late Don Sturgill as, "Kentuckys' Ambassador", Mr.
Zielke will assist the "Horsepower World Pool" Development Team and the Racing
Industry at all levels in 2003 to grow attendance and wagering at racetracks
everywhere by establishing the worlds first random, real time, global,
pari-mutuel pool.
HBN is a wholly owned subsidiary of Sungold Entertainment Corp. trading as SGGNF
(OTCBB). www.horsepower2.com is a real time world jackpot pool based on a
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completely random, equal chance, virtual horserace, run online every 90 seconds.
The HBN corporate mission is to establish www.horsepower2.com as the leading
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jackpot pool worldwide.
For more information or to be updated on future corporate news, please contact:
Stephan Horvath, Shareholder Relations
Sungold Entertainment Corp.
888 669 9580
email: investor_relations@sungoldent.com
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This news release contains forward-looking statements regarding projected
revenues and corporate developments. Forward-looking statements address future
events and conditions based on the opinions and estimates of management and
therefore involve inherent risks and uncertainties such as risk associated with
international markets, financing conditions and international currency
fluctuations. Actual results may differ materially from those currently
anticipated in such statements. The reader is cautioned not to place undue
reliance on forward-looking statements.
Item 6. Reliance on Sections 85(2) (BC), 118(2) (Alberta) and 75(3)(Ontario)
of the Act
Not applicable.
Item 7. Omitted Information
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None.
Item 8. Senior Officer
KIM N. HART, PRESIDENT
500 - 666 Burrard Street
Vancouver, BC V6C 3P6
Item 9. Statement of Senior Officer
The foregoing accurately discloses the material change referred to herein.
November 1, 2002 /s/ Anne Kennedy
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Date (signature)
Anne Kennedy
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Name of Signatory
Director/Secretary
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Position
Vancouver, BC
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Place of Declaration
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report on Form 6-K for the period ended November
1, 2002 to be signed on its behalf by the undersigned, thereunto duly
authorized.
SUNGOLD ENTERTAINMENT CORP.
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(the Registrant)
Date: November 1, 2002 By:* /s/ Anne Kennedy
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*Print name and title under the signature of the signing officer