Elray Resources, Inc. through its online gaming and turnkey solution subsidiary Elray Gaming announced Joint Venture with one of Asia's leading Social Game Developers. As part of its ongoing strategy to develop a Bitcoin and Credit Exchange, Elray Gaming has reached a Joint Venture agreement with one of Asia's large Social Game operator and developer. The Asian Social Gaming Operator has over 80 Million users and is growing rapidly.

Elray Gaming's Bitcoin and Credit Exchange will be run under the brand name Global Credit Exchange (Global CXC). Global CXC will allow players to exchange credits from various social gaming networks and also interchange credits for Bitcoins. Global CXC will initially provide the exchange for the one Social Gaming Network of over 80 Million Players, an online Casino Network and an Online Merchandise Store.

Users will be able to freely exchange credits for the social gaming platform, the online casino, a large variety of merchandise and also utilize Bitcoins to acquire credits, hereby creating a virtual exchange for the 80 million existing users. Global CXC will add additional Social Gaming Networks, Merchandise Stores and Casinos over time and capitalize on the rapidly growing social networks as well as Virtual Currency opportunities.