SOURCE: Kinbasha Gaming International, Inc.
HITACHI, JAPAN--(Marketwire - Nov 20, 2012) - Kinbasha Gaming International, Inc. (the "Company") (PINKSHEETS: KNBA), owner and operator of retail gaming centers in Japan, announced today the enlisting of the services of Brean Capital, LLC ("Brean"), a leading New York-based investment banking, securities and investment management firm, to provide strategic corporate finance and investment banking services.
Brean Capital provides a specialized knowledge base for Kinbasha as it positions itself for growth in Japan's multi-billion dollar gaming industry. Brean's initial services will be in connection with Kinbasha's plan to acquire and/or develop new retail gaming locations in Japan.
"We are looking forward to utilizing Brean Capital's expertise to assist Kinbasha in our expansion strategies," said Masatoshi Takahama, Chief Executive Officer of Kinbasha Gaming International. "Brean is a well-established, highly respected and leading investment banking firm concentrated on advising small-cap and mid-sized organizations. We believe Brean Capital's distinguished depth of experience in the gaming sector will play a crucial role in executing our growth strategy in Japan, and raising capital in the United States."
In addition to its investment banking services, Brean has agreed to act as the Kinbasha's Designated Advisor for Disclosure ("DAD") for the purpose of certifying the Company's publicly traded common stock on the OTCQX, a marketplace offered by OTC Markets Group Inc. Kinbasha's management team plans to uplist to the OTCQX as soon as practicable.
Richard Serrano, Managing Director at Brean Capital commented, "We are delighted to partner with Kinbasha as they pursue significant new growth opportunities. Our goal will be to provide support to the company in the financial and value creation components of its corporate strategy through our full-service investment banking capabilities. Furthermore, we will also be assisting Kinbasha and their loyal shareholders with the company's future uplisting to the OTCQX."
Kinbasha's plan is to raise capital in order to build out and/or acquire additional pachinko parlor stores within select metropolitan areas in Japan, and begin to shift the company's strong branding, game machine management systems and proprietary point-of-sale analytical technology to areas where pachinko stores are more profitable.
Mr. Takahama concluded, "Kinbasha is highly focused on improving our financial position, broadening our sales and moving to a more senior exchange. We believe our partnership with Brean will help us achieve these efforts and in turn, translate into long-term value for our shareholders."
About Brean Capital, LLC
Brean Capital, LLC is a research-driven investment bank and asset management firm, dedicated to Small and Midcap growth companies and their investors. Brean Capital focuses on delivering high quality investment ideas and investment banking services to institutional and corporate clients in the following five verticals: Consumer Products, Retailing, Healthcare, Natural Resources and Technology. Services include equity research, investment banking, institutional sales and trading, and asset management.
For more information, please visit: www.breanmurraycarret.com
About Kinbasha Gaming International, Inc.
Based in Hitachi City, Japan, Kinbasha Gaming International, Inc. (PINKSHEETS: KNBA) is a retail gaming company that operates 21 pachinko parlors in the Japanese prefectures of Ibaraki, Tokyo and Chiba. For more than 50 years, the company's retail gaming establishments have offered customers the opportunity to play the games of chance known as pachinko and pachislo. Pachinko is played on a device which resembles a vertical pinball machine and pachislo is played on a machine that resembles a western style slot machine. Pachinko and pachislo are collectively ranked as Japan's largest leisure activity, accounting for approximately $230 billion in annual revenues. For more information on Kinbasha, please visit: www.kinbashainc.com
For comprehensive investor relations material, including fact sheets, multimedia resources, and videos regarding Kinbasha, please follow the appropriate link: Investor Portal, Overview Video and Investor Fact Sheet.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the Company's business and operations; business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.