Wednesday, December 01, 2010 8:01:27 AM
MIAMI, FL--(Marketwire - 11/30/10) - Caribbean Casino and Gaming Corp. (Pinksheets:CGAQ - News) announced today that the company's proprietary Kiosk Gaming System has completed testing and is ready for production. The system, which looks like a slot machine but offers almost all casino games while being integrated into the casino's Live Video Gaming system, will be distributed throughout convenience stores, bars and restaurants.
CEO, Steven Swank, commented, "We are filling the niche for gaming entertainment across all levels from physical locations to the Live Video Internet and now the physical outlets within the mass market."
The system has created over $450,000 in advance orders since the basic prototype was unveiled. As manufacturing of the advanced product is in process, the company expects to sell an additional one million dollars in kiosks and will receive royalties on all gaming action from each machine after distribution. Sales are expected to grow further after the first distribution cycle.
Mr. Swank continued, "Receiving royalties on all the machines that we sell is similar to becoming the McDonalds franchise of the gaming industry without having to absorb the overhead of a physical location."
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