MIAMI, FL–(Marketwire – June 28, 2010) –  Caribbean Casino and Gaming Corp (PINKSHEETS: CGAQ) released new information at the investors conference Friday that will shape the perspectives, opportunities and value of its company stock. As investors confirmed the need to build a strong company, the current stock price per share became an evident concern that was addressed and dismantled by the course of action being taken on by the company.

In addition to negotiating a fourth location comprised of slot machines within a populated city, that minimizes all overhead costs, founder and CEO Steven Swank stated, “Our live video online gaming is about to launch, our first location continues to build revenue during the slowest season for tourists and the opportunities for the company continue to come in.”

CGAQ recently increased its pink sheet status to “Current Information” as defined by OTCMarkets.com and has the ability to increase its growth pattern with the additional capital that is available to it. Unlike a formal IPO that investors are more familiar with, CGAQ started its capital raise and expansion with a 504 placement and has returned results to all investors.

CEO Steven Swank further defined his vision, “As a growth company that did not start out with a $100 million IPO, we have exceeded our own expectations for growth and ability based off of an old fashion business model called, doing it right. We expect to take in additional investment capital with higher values for stockholder wealth to continue our expansion and complete the existing acquisitions we are negotiating. Now that we have proven our ability around the world, our stockholders will benefit from our expansion.” 

After the CGAQ Investor Conference, CGAQ’s night club, “After 1,” hosted a fabulous fashion show on Saturday, June 26^th at midnight. The show comprised of top models and a full crowd full of locals and investors.

About Caribbean Casino and Gaming Corp:

Caribbean Casino and Gaming Corp (PINKSHEETS: CGAQ) is the owner and operator of the Sosua Bay Grand Casino. The corporation is focused on becoming a leader in the Caribbean for gaming and entertainment to include live betting in its partnership with Kenilworth Systems Corporation 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 largest and 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.

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