Caribbean Casino Gaming Corp. (CGAQ) Announces Joan Guzman Successful Weigh In

MIAMI, FL--(Marketwire - Nov 18, 2011) - Friday night marks the highly anticipated return to the ring: two-time world champion Joan Guzman, one of the most talented fighters in the world. Guzman will return to his homeland of the Dominican Republic to fight for the IBF VACANT CARIBBEAN WELTERWEIGHT CHAMPIONSHIP.

Guzman, which came in weighting 139 3/4 pounds brings an impressive record of 30-0-1 (17 KOs) while his opponent Florencio "Chombo" Castellano (Castellano will be weighed Friday morning) owns a formidable 17-4 record with (13 KOs). This event will be a twelve round bout taking place at the Jaragua Hotel and Casino in Santo Domingo, Dominican Republic. The winner will be crowned the NEW IBF CARIBBEAN WELTERWEIGHT CHAMPION.

The heavily favored Guzman shocked everyone at yesterday's weight in coming in at 139 3/4 pounds, well below the required weight class. "I wanted to shock the world and to show my fans that Guzman is back," Guzman said. "I will fight anybody in the world at 140, starting with Amir Khan and going down the list. I mean anybody because Guzman is back. This shows my dedication and my fire is burning again. I want to become a three time world champ and I want to stay undefeated."

CGAQ CEO Mr. Swank expects a sellout crowd to attend this grand event that has been in the making for the last several months. This event has put CGAQ and Mr. Steven Swank on the map in the boxing world. The card titled "El Retorno Del Campeon" marks the highly anticipated return to the ring of two-time world champion Joan Guzman. IBF President Daryl Peoples, who is slated to attend the show noted, "It is exciting that Joan Guzman agreed to fight the inaugural bout for our new Caribbean Title." IBF female super featherweight champion Amanda Serrano will also be fighting on the card.

After being away from Pro Boxing for the last eleven months, Guzman is very anxious to get back in the ring and prove to the world that he can be the fighter that everyone hoped he can be. Guzman says, "I have much to prove and I want to repay the Dominican people for all the love and support they have given me in the past. I will show the world in this bout that Guzman is back." Guzman is looking to the future, not to the past. Florencio "Chombo" Castellano on the other hand is looking to squash his comeback. "It's hard enough for Guzman, who is 35 years old, to get ready for the fight. I am coming to the DR to squash his so called comeback. I'm no easy guy, no opponent he can blow over. I say he makes the weight but will be completely drained in his body and sagging in his mind after this weigh in," Castellano said.

A recent story by Michael Marley of the Examiner on Guzman, whose hand and foot speed, and defense has been compared favorably to that of Floyd Mayweather Jr. (even by "Money" himself) vows that he is returning to the ring with a vengeance. Guzman says trainer Don Saxby and conditioning coach Anthony Terranova have combined with his renewed attitude to turn him back into the slick stylist he used to be.

On another note, the company has gained some great exposure during Mr. Swank's recent trip to New York to attend Guzman's press conference at Lucky Seven Tapas Bar. In attendance were IBF President Daryl Peoples, State Assemblyman Guillermo Linares, along with Joan Guzman, Guzman's manager Jose Nunez of Jay Boxing, IBF Super Featherweight-Argenis Mendez, IBF World Champion Amanda Serrano, and top executives from ESPN Deportes.

To view pictures and video of the event please visit http://www.flickr.com/photos/69991414@N08/

For those who don't have ESPN Deportes, Mr. Swank is excited to announce that The Castellano-Guzman fight will be seen exclusively on www.gfl.tv for just $9.99. This live stream broadcast will reach countless viewers across the world. Please make sure to select the proper link to view the fight.

If you are located outside the United States Please use the following link below
http://www.gfl.tv/Events/Fight/Boxing/Guzman_vs_Florencio__International_Broadcast/1241

If you are located within the United States Please use the following link below
http://www.gfl.tv/Events/Fight/Boxing/Guzman_vs_Florencio__US_Broadcast/1251

About Caribbean Casino and Gaming Corp:
Caribbean Casino and Gaming Corp (PINKSHEETS: CGAQ) is the owner and operator of the Sosua Bay Grand Casino and after one Disco. The corporation is focused on becoming a leader in the Caribbean for gaming and entertainment, including live betting from cameras located above tables within the Sosua Bay Grand Casino. Not only will Caribbean Casino and Gaming Corp. offer world class gaming and accommodations within its facilities for those visiting our properties, but also allow patrons to wager (where allowed) from the comfort of their own home or hotel room. The casino is now the centerpiece in the Sosua Bay Resort at Puerto Plata, Dominican Republic, the most populated Caribbean Island.

FORWARD-LOOKING STATEMENT
This report contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this report are made as of the date hereof and Caribbean Casino and Gaming Corporation undertakes no obligation to update such statements.