Kinbasha Gaming International, Inc. Announces That Its Securities Are Now DWAC/FAST Eligible With DTC
August 22 2013 - 8:31AM
Marketwired
Kinbasha Gaming International, Inc. (OTCQX: KNBA), owner and
operator of retail pachinko gaming centers in Japan, announced
today that the Depository Trust Corporation (DTC) has approved
Kinbasha's securities for DWAC/FAST transfer through the company's
transfer agent, Continental Stock Transfer & Trust Company.
With this new stock transfer capability, shareholders can now
transfer their stock electronically after buying or selling on the
open market without the extra expense and delay made necessary by
the physical transfer of certificates.
"We are pleased to relay this news to our shareholders," said
Masatoshi Takahama, Chief Executive Officer of Kinbasha. "Becoming
DWAC/FAST eligible provides our investors with new efficiencies and
significantly facilitates trading in the open market. Kinbasha
looks forward to relaying our latest developments to shareholders
as we continue to make progress in the US capital markets."
Benefits of becoming DWAC/FAST approved include reducing the
time from weeks to hours for stock deposits and withdrawals into
brokerage accounts, while eliminating the risk associated with the
loss and replacement of stock certificates. Shareholders may
contact their stock broker for additional information.
About Kinbasha Gaming International,
Inc.
Based in Hitachi City, Japan, Kinbasha Gaming International,
Inc. (OTCQX: 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. 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
Kinbasha shares are listed on the OTCQX. Investors can access
free, real-time Level 2 quotes for the company at:
www.otcmarkets.com/stock/KNBA/quote
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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