MIAMI, FL--(Marketwire - January 12, 2011) - Caribbean Casino and Gaming Corp. (
Mr. Swank stated, "As I saw firsthand, the disco was packed with a standing room only crowd, the casino, a glass door away, is building its local and international clientele. Many customers requested we provide additional shuttle routes to make their way to the casino, more often. Hence, we are increasing our shuttle service to increase our business."
As the neon signs are installed, Mr. Swank sees great opportunity for increased business in the near future. CGAQ mentioned that the size of the complex makes it easy for tourists to lose their way without having a landmark sign in the sky, as the Sosua Bay location does.
Mr. Swank continued, "The size of the complex and the outstanding room accommodations make it easy for tourists to get too comfortable, as my recent stay showed. We will continue to increase promotion within the resort. This will allow us to increase the minimum bets per table. Within the two weeks I oversee the operation as the first priority of business, I expect our margins of profit to continually rise to a support level that will far exceed that of the Sosua Bay location. Therefore, it will continue to fund our expansion and profit for investors, at a faster rate."
CGAQ also continued that the current share price does not reflect the value of the business. Considering investors all have different investment strategies that don't reflect the substantial infrastructure a company has built, they have offered a free all inclusive 7 day vacation at the resort for the first 5 investors who respond to this release via email. The company wants to ensure there are testimonials from others, outside of executive management, who understand the growth of the company since its first fiscal quarter began less than 15 months ago.
Mr. Swank concluded, "It is unfortunate that certain investment strategies, by individuals and corporations alike, have limited the current share price. However, we continue to look for investors that see the long term vision of the big picture that avoid momentary fears that create emotional trades which have lowered the share price. This is why we announced the stock conversion that is about to take place. Further, we will be releasing news about another acquisition, as the information becomes available. We appreciate our partners in this endeavor and remind them to join the CGAQ Facebook Group for the latest information and press releases."
CGAQ will be updating the CGAQ Facebook Site this week with additional pictures. The site can be viewed at the following link:
http://www.facebook.com/profile.php?id=668005365#!/group.php?gid=130413013645240
About Caribbean Casino and Gaming Corp:
Caribbean Casino and Gaming Corp (
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 Information:
Contact:
Tyler Cornell
Investor Relations
CGAQ
emergingmarkets3@yahoo.com