Grass-Roots-Research (Grass-Roots-Distribution.com) Issues Positive Research Report on Caribbean Casino & Gaming Corporation (CGAQ)

MIAMI--(Business Wire)--
Caribbean Casino & Gaming Corporation (Pink Sheets:CGAQ) announces the release
of a positive 17 page research report. The report was written by the nation`s
leading micro-cap research firm, Grass-Roots-Research
(Grass-Roots-Distribution.com) The report can be viewed on:

http://www.grass-roots-distribution.com/cgaq-home.php.

The report states: Caribbean Casino & Gaming Corporation is a gaming and
entertainment Company in the Caribbean. The Company has launched Sosua Bay Grand
Casino atSosua Bay Resort in Puerto Plata, Dominican Republic. The mini casino
provides Blackjack, Caribbean Stud Poker, Roulette, Texas Hold-em Poker, an
automated Roulette machine, and slots. The strategic location of the Casino is
within walking distance to all local shopping, and entertainment.Sosua beach
provides a competitive advantage to the Company.

The Company plans to capitalize on rapidly growing economies in Caribbean,
especially the Dominican Republic which enjoys a high tourist influx throughout
the year due to its plethora of vacationers' attractions. The Casino and gaming
industries of Dominican Republic also significantly contribute to the flow of
tourists throughout the year. Caribbean Casino & Gaming`s experienced management
team with strong industry knowledge provides a significant edge and we expect
the Company to capitalize on this asset.

Subject to the Company raising $2.0 million of capital, we forecast significant
top line growth with CGAQ launching more casinos in Dominican Republic and
achieving its mission of becoming the leading player in the region. Revenues are
projected to grow to over $5.3 MM in 2013. Our short term target price of $0.69
reflects forward P/E multiples of 18.9x based on estimated FY 2009 EPS. We
project an intermediate price target of $0.81 and our long term price target is
$1.01 per share. CGAQ is a lucrative investment for risk-averse investors.

Safe Harbor Disclosure:

This press release includes "forward-looking statements" within the meaning of
the federal securities laws, commonly identified by such terms as "believes,"
"looking ahead," "anticipates," "estimates" and other terms with similar
meaning. Although the Company believes that the assumptions upon which its
forward-looking statements are based are reasonable, it can give no assurance
that these assumptions will prove to be correct. Important factors that could
cause actual results to differ materially from the Company's projections and
expectations are disclosed in the Company's filings with the Securities and
Exchange Commission. All forward-looking statements in this press release are
expressly qualified by such cautionary statements and by reference to the
underlying assumptions.

For more information or investor questions, contact Nicky Coachman at
305-573-0821 or visit our website at http://www.caribbeangamingcorp.com.

Caribbean Casino & Gaming Corporation
Nicky Coachman, 305-573-0821
http://www.caribbeangamingcorp.com

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