The Company has launched Elray Mobile for the specific focus on developing and acquiring companies focused on both non-wagering and mobile casino technologies. According to a recent study carried out by mobile device experts Juniper Research, the mobile gambling market is anticipated to be worth more than $100 billion by 2017, which also revealed that mobile gaming is the fastest growing sector in the gambling market as a whole.

Recent Changes in US Gaming Laws

In past few months a number of states, such as Nevada and New Jersey, have implemented new laws making legal online gaming under certain requirements, with a number of other states currently considering relaxation of their current gaming laws as well. On the Federal level an online gaming bill to provide a set standard for the United States as a whole remains in committee, but these recent moves by the state indicates that a set standard in US gaming laws may not be to far off into the future.

Brian Goodman, the CEO of Elray Gaming commented, "With the industry naturally progressing towards mobile gaming, as seen recently with Zynga's announcement to enter the online and mobile gaming sector, it only made sense for Elray Gaming to position itself as a player in the social gaming and mobile casino industry, and will work to develop and acquire operating mobile gaming technology companies to expand its breath, and portfolio."

Share Structure and Valuation

As of April 01, 2013, the Company had around 14,035,037 common shares issued and outstanding. Based on this, and their planned move to reflect their new model behind that of Zynga, Inc. (NASD:ZNGA), has prompted Ludlow Research, a small cap equity research firm based in New York, to issue ELRA a 'speculative' target of $0.50 per share, in which they noted still would only equate to a $7 million market cap.

About Elray Gaming

Elray Gaming (OTC:ELRA) provides a complete turnkey solution for numerous successful online gaming companies as well as performs strategic marketing and consulting services for Online Gaming operators from all parts of the world. While our US office is in New York, we are a global company with offices in London, Sydney and Curacao, homes of the largest online operators on the net, which helps us actively manage and serve our clients. Our sophisticated patented software automatically declines any gaming requests from within the United States, in strict compliance with current US law. Our Sydney office allows us to tap into skilled resources and some of the world's largest client base, for regular, personal interaction. As our active operations are in a jurisdiction that is friendly to online gaming, our clients can rest assured that we are here to stay. www.elraygaming.com and www.elraymobile.com.

Current Gaming Portfolio

In addition to expanding their business into mobile gaming projects, the company currently holds the following projects under the ELRA portfolio.

* FOREX Trading Platform - the company has now gone live with their Forex binary option trading platform called Golden Matirx Binary (www.goldenmatrixbinary.com). The platform is now up and running and is generating revenues for the company as we speak. The number of current registered users trading on this platform are indicated to be in the range from 100 to 400+ users in its first month live, according to their public relations rep. To get a feel of the lay-out and functionality of our new binary option trading platform you can view a video on the ease of trading binary options with Golden Matrix by going to http://www.elraygaming.com/golden-matrix-binary.html

* Toolbar App - the company is currently finishing their 'beta test' phase for their toolbar app's called Crazy J Apps (www.crazyjapps.com). The first toolbar app is now live and available to download, and may have already been installed, and currently being used, by several thousand users. This product is also currently generating revenues fro the company currently.

* Penny Auction Technology - the company has acquired a Penny Auction Technology, which  is a type of all-pay auction in which participants must pay a non-refundable fee to place a small incremental bid. When time expires, the last participant to have placed a bid wins the item and also pays the final bid price, which is purportedly significantly lower than the retail price of the item. The auctioneer makes money in two ways: the fees for each bid and the payment for the winning bid. These sites have been very popular, and have generated a lot of revenue for developers of these sites in the recent past.