Racino Royale, Inc: First Order Of Slot Machines Arrive In Peru
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TORONTO, June 19 /PRNewswire-FirstCall/ - Racino Royale, Inc. (OTCBB:
RCNR), a company focused on identifying and developing gaming opportunities,
is pleased to announce that its wholly-owned subsidiary, InterAmerican Gaming
Corp. ("IAG", www.interamericangaming.com) has received its first order of
slot machines in Lima, Peru. IAG-Peru S.A.C., a wholly-owned subsidiary of
IAG, was created to finance, manage and operate the slot machine side of the
business and in turn will be responsible for positioning them at the most
effective and judicious sites.
In due course, the slots will be placed in strategic casino locations as
per the agreement made in April with Mixtel, S.A.C., a Peruvian company
licensed for importation and commercialization of slot machines in that
country.
"This is one of the first steps in generating revenue for the company,"
said John Simmonds, Chairman and CEO of IAG today. "I've said before, the
agreement with Mixtel was a significant move. Their experience and position in
the market make them an ideal gaming partner for us in Latin America. Now that
the slot machines have arrived, we will be able to realize the benefits of
this relationship."
About Racino Royale, Inc.
Racino Royale is a publicly listed company in the United States (OTCBB:
RCNR).
In late January 2008, the company entered into a formal share exchange
agreement pursuant to which it purchased all of the issued and outstanding
shares of InterAmerican Gaming Corp. Upon closing, InterAmerican became a
wholly-owned operating subsidiary of Racino Royale.
InterAmerican is an organization focused on Latin America, combining
extensive gaming industry experience in the region with specialization in
implementing industry-leading technology, systems and marketing programs.
Note: This press release contains "forward looking statements" as defined
in the Private Securities Litigation Reform Act of 1995. These forward-looking
statements are based on currently available competitive, financial and
economic data and management's views and assumptions regarding future events.
Such forward-looking statements are inherently uncertain. Racino Royale, Inc.
cannot provide assurances that the matters described in this press release
will be successfully completed or that the company will realize the
anticipated benefits of any transaction. Actual results may differ materially
from those projected as a result of certain risks and uncertainties, including
but not limited to: global economic and market conditions; the war on
terrorism and the potential for war or other hostilities in other parts of the
world; the availability of financing and lines of credit; successful
integration of acquired or merged businesses; changes in interest rates;
management's ability to forecast revenues and control expenses, especially on
a quarterly basis; unexpected decline in revenues without a corresponding and
timely slowdown in expense growth; the company's ability to retain key
management and employees; intense competition and the company's ability to
meet demand at competitive prices and to continue to introduce new products
and new versions of existing products that keep pace with technological
developments, satisfy increasingly sophisticated customer requirements and
achieve market acceptance; relationships with significant suppliers and
customers; as well as other risks and uncertainties, including but not limited
to those detailed from time to time in Racino Royale, Inc.'s SEC filings.
Racino Royale, Inc. undertakes no obligation to update information contained
in this release. For further information regarding risks and uncertainties
associated with Racino Royale Inc.'s business, please refer to the risks and
uncertainties detailed from time to time in Racino Royale, Inc.'s SEC filings.
CONTACT: John Simmonds, Chairman and CEO, P. (905) 833-9845 x223, F. (905)
833-9847, jgs@interamericangaming.com; Or Eric Rahn, President and COO, P.
(561) 983-6310, M. (954) 471-3200, F. (866) 426-0541,
erahn@interamericangaming.com
SOURCE Racino Royale, Inc.
John Simmonds, Chairman and CEO, P. (905) 833-9845 x223, F. (905) 833-9847,
jgs@interamericangaming.com; Or Eric Rahn, President and COO, P. (561)
983-6310, M. (954) 471-3200, F. (866) 426-0541, erahn@interamericangaming.com
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