HACKENSACK, N.J., Nov. 5, 2008 (GLOBE NEWSWIRE) -- Hybred International, Inc. (Pink Sheets:HYII) announces today that it has signed agreements with the Royal Turf Club to initiate an online off-track betting (OTB) website.
The Royal Turf Club is owned by Global Pari-Mutuel, a public company that has gained a thorough understanding of the racing industry through its contacts, management expertise and experience.
The online gaming industry has grown two fold in the last 3 years and Hybred International has been given the opportunity to be a part of this expansion and growth. Hybred was initially formed as a Company that will explore all fields of the horse industry. As the value of online Gaming increases, we believe it is the perfect time to take advantage of this opportunity and grow the Company in any and all directions while maintaining its projected theme. The Company's website, HYBREDGAMING.COM is currently under construction and can be viewed.
INDUSTRY OVERVIEW
The equine industry is approximately a $39 billion industry in the United States alone according to a study published in 2005 by Deloitte Consulting LLP for the American Horse Council Foundation and racing at $26.1 billion, exclusive of wagering.