Caribbean Casino and Gaming Corp. Retains International Monetary for Strategic Alliances and Consulting

SOURCE: Caribbean Casino and Gaming Corp

MIAMI, FL–(Marketwire – August 11, 2010) –  Caribbean Casino and Gaming Corp (PINKSHEETS: CGAQ) announced today that they have retained International Monetary with its President MB (Blaine) Riley at the helm for strategic alliances and leveraging nationwide relationships with Regional Investment Banks to secure specific analyst coverage that opens doors to millions of potential investors / shareholders.

CEO Steven Swank announced, “We are proud to have retained International Monetary and their ability to expand our exposure to potential investors while continuing to open our opportunities with the Latino Markets throughout the United States and South America.”

MB Riley, Founder, Managing Partner and President of International Monetary, has over 20 years of experience servicing US capital markets. Mr. Riley is also a key-note speaker with industry organizations including the Television & Radio Society of South America (Buenos Aires, Argentina) and several Investment Banking associations.

Prior to founding International Monetary, Mr. Riley held key positions at Wedbush Morgan, Shearson Lehman Brothers, National Capital LLC, and iCapital Corporation. As a Director of the investment banking department at National Capital LLC, Mr. Riley helped build the company from approx. $2M in revenues to over $50M in revenues in 2 years.

While principal/partner of the prominent investment banking consultancy iCapital Corp. (Irvine, CA), Mr. Riley directed the investment banking, capital markets, and strategic advisory departments for the firm. He successfully expanded the firm’s client coverage from just a few clients to over 100. 

MB Riley, Managing Director of International Monetary, states, “CGAQ provides a platform for the renewed growth of online gaming with its Live Video technology while providing traditional brick and mortar gaming with exceptional service. The Gaming Sector is positioned for growth once again, which positions CGAQ and its technology for significant growth throughout the 52 countries it will be doing business in. Their initial focus of being the premier gaming company within the Caribbean, offers them the ability to lead the Latino Markets while continually building the international online gaming profit center while the US casinos await the new online gaming laws.” 

On Monday, August 9, 2010, CGAQ confirmed the launch of their Live Video Online Gaming for August 21, 2010. The grand opening of the site, just previous to their hosting of an ESPN Deportes Boxing match featuring Felix Diaz will be broadcast internationally and is expected to increase the event’s revenue by over 100%.

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.

Contact:
Caribbean Casino and Gaming Corp
Tyler Cornell
Investor Relations
[email protected]

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