Kinbasha Gaming International, Inc. Enlists Brean Capital, LLC for Investment Banking Services
20 Novembre 2012 - 10:45PM
Marketwired
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.
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Investor Contact: Trilogy Capital Partners - Asia Darren
Minton President 212-634-6413 Email Contact
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