The Stock Wizards has ELRA on high alert! The stock closed at .01 cents today and appears to be strengthening We are watching for a Technical Breakout above the 200-day moving average. The key resistance level is .0124.
Online Gaming is Red Hot!
The U.S. Department of Justice recently revealed that it has changed its long-held position and found that the federal Wire Act of 1961 applies only to sports betting.
The new position on the Wire Act marks a huge shift for the Justice Department, which has long relied on the law when asserting that all forms of Internet gambling, especially online poker, is illegal.
Research ELRA
www.ElrayGaming.com
Elray Gaming is an established Global Online Gaming entity which owns and licenses Gaming Intellectual Property, Gaming Domains, Trademarks and Player Databases.
ELRA gaming operations are based in Sydney, Australia. The company is managed by its online gaming founder, Brian Goodman, and gaming operations are carried out by a multi-lingual team of gaming professionals.
ELRA has offices in the USA, London, South Africa and Mauritius and has support facilities in Israel, Curacao and the Philippines.
Online Gaming is on fire right now! Based on our research and the company’s recent increase in revenue projections, The Stock Wizards believes ELRA could be a dominating force in the Online Casino space and we encourage our subscribers to keep ELRA on their watch list!
Sincerely,
The TheStockWizards.net Team
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Forward-Looking Statement: This press release includes “forward-looking statements” within the meaning of the federal securities laws, commonly identified by such terms as “believes,” “looking ahead,” “anticipates,” “estimates” and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company’s projections and expectations are disclosed in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. TheStockWizards.net is not a registered investment advisers or broker/dealer. TheStockWizards.net makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk. Read the rest of this entry »