Kinbasha Gaming International, Inc (KNBA)

[TakeChances]

Slowly but surely that is their plan. I might not be 100 years old before it happens. lol

Kinbasha reported revenues of $23.6 million for the quarter ended June 30, 2012, an increase of $4.5 million compared to $19.1 million in the same period of 2011. The increase in revenues was primarily a result of increased customer turnout at Kinbasha's various locations, as well as the reopening of a parlor that had been badly damaged in the earthquake and tsunami in 2011. Likewise, Kinbasha's net loss for the first quarter ending June 30, 2012 improved to $1.9 million, compared to a net loss of $5.3 million in the same period of 2011. This overall improvement to the bottom-line was primarily attributable to increased sales and improved machine management by Kinbasha's team.
"We are pleased with the fact that we were able to enhance our bottom-line as we build upon our 2012 results and implement a series of initiatives to open new parlors throughout Japan," Mr. Takahama continued