Kinbasha Gaming International, Inc. Files Form 10 and Releases Audited Financial Results for 2011 and 2010

Kinbasha Gaming International, Inc. (the “Company”) (PINK: KNBA), owner and operator of retail gaming centers in Japan, today announced that it has filed Form 10 with the SEC, releasing its audited financial results for the past two fiscal years – 2011 and 2010. In conjunction with Kinbasha’s filing, the company’s CEO discusses Kinbasha’s future business strategy and plans to increase its investor awareness activities going forward.

“We are pleased to have completed our audit and released our financial results for the past two fiscal years,” said Masatoshi Takahama, Chief Executive Officer. “Although we have substantial debt on our books due to the major disruptions caused by the earthquake and subsequent tsunami in March, 2011, as well as declining sales in certain low density areas as a result of shifting demographic trends, we have initiated a robust business plan to return to profitability as soon as possible.”

Of Kinbasha’s 21 Pachinko parlors, 18 are located in Ibaraki Prefecture, an area that has a relatively low population density (1,260/sq. mile) when compared with Tokyo (6,576/sq. mile) and Kanagawa (9,700/sq. mile) prefectures. Kinbasha currently operates two parlors in the Tokyo Metropolitan Area – one in the city of Fuchu and another in the city of Shinjuku. These parlors generate revenue which is, on average, three times greater than that of the Ibaraki parlors, all with positive cash flow.

As part of its restructuring process Kinbasha’s management plans to obtain additional capital to build out and/or acquire additional Pachinko parlor stores within the Tokyo Metropolitan Area, and begin to shift the company’s strong branding, successful operations teams and proprietary analytics technology to areas where Pachinko stores are more profitable.

Mr. Takahama continued, “As we expand our operations within strategic locations in Japan, we believe we can successfully restructure Kinbasha’s debt with our various Japanese banks. Although it may seem foreign in relation to western standards, it is part of the Japanese culture to work with borrowers on payment terms whenever possible, and although no assurances can be made, we are confident we will be able to strike attractive terms with our banks, which have all been extremely supportive to-date.”

Kinbasha’s management would like to open or acquire two additional stores each year, over a five year period, provided additional capital can be obtained. In addition to Kinbasha’s strategies in Japan, the company also has plans to initiate more investor awareness initiatives in the United States for the benefit of its shareholders and potential investors.

“As part of our goal in keeping investors informed with the latest developments at Kinbasha, we will be releasing various investor materials over the coming weeks and months, including a dedicated US investor website, fact sheets, research reports, white papers and management team videos,” concluded Mr. Takahama. “Now that our initial audit is behind us, we look forward to reporting with our fellow shareholders on a regular basis going forward.”

Kinbasha’s US-based investor website (currently under construction) will be located at: www.kinbashainc.com

About Kinbasha Gaming International, Inc.

Kinbasha Gaming International, Inc. is a Florida corporation that acquired its operating subsidiary, Kinbasha Co., Ltd. (“Kinbasha”), through a reverse merger in January 2011. Based in Hitachi City, Japan, Kinbasha is a retail gaming company with plans for expansion in Japan’s gaming and food and beverage industries. Founded in 1957, currently Kinbasha’s principal business is the ownership and operation of retail gaming establishments in Japan which offer customers the opportunity to play the game of chance known as Pachinko. Pachinko is played on a device which resembles a slot machine. Kinbasha currently employs over 1,000 people and owns 21 Pachinko Parlors in the prefectures of Chiba, Ibaraki and Tokyo. In addition, the company also owns three mid-size restaurants in Japan which offer traditional Japanese cuisine.

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.

Kinbasha Gaming (CE) (USOTC:KNBA)
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