Kinbasha Gaming International, Inc (KNBA)

[Big Brother]

News Out. Did not read the entire report, just skimmed it, it's very long and doesn't appear to tell me much I don't already know about the company.

However, I was looking over the various companies that get "Select Coverage" by Murphy Analytics and I noticed a LOT of these companies on the list have also gotten paid promotions as well. So perhaps KNBA will get one too, if we start seeing any big bids or volume out of the blue we'll know because this thing is always incredibly illiquid.

It's not really KNBA style to run a paid pump but maybe Trilogy is getting desperate. Kinbasha can not be happy with the results they have gotten thus far from Triology, after all they went public to raise capital to open new Tokyo parlors. This thing is so illiquid they haven't sold enough shares to buy a bowl of ramen to this point so something has to give.

http://www.murphyanalytics.com/Covered_Companies.html

Kinbasha Gaming International, Inc. Announces Initiation of Research Coverage by Murphy Analytics
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Kinbasha Gaming International, Inc. (QB) (USOTC:KNBA)
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Today : Tuesday 5 February 2013
Click Here for more Kinbasha Gaming International, Inc. (QB) Charts.

Kinbasha Gaming International, Inc. (OTCQB: KNBA), owner and operator of retail pachinko gaming centers nationally in Japan, today announced the release of an in-depth initiation report by Patrick Murphy, CFA, principal of fee-based independent research firm Murphy Analytics.

In his report, Mr. Murphy discusses Kinbasha, its 21 retail gaming centers in Japan, and initiates fee-based coverage with a 12-month price target of $2.50 per share.

"Kinbasha is addressing the increasing demand for gaming in Japan through our strong operations and retail gaming establishments," said Masatoshi Takahama, Chief Executive Officer of Kinbasha Gaming International. "This comprehensive research report quantifies Kinbasha's progress to date, our proprietary point-of-sale analytical technology and the significant opportunity for us to expand our operations in Japan as we seek to raise capital in the United States to open new parlors in 2013 and beyond."

From the Report, Mr. Murphy stated, "Pachinko is the largest service industry sector in Japan and is embedded in Japanese culture. A Wall Street Journal estimate placed the Japanese pachinko market at 5 times gambling revenue generated in Las Vegas and 7 times that of Macau."

The report details the sizable growth projected in Japan's gaming market. According to industry leader Dynam, a Tokyo-based pachinko operator that recently completed a $200 million Hong Kong IPO, the number of pachinko players in Japan is estimated to have increased 10% over the last three years. Kinbasha's management believes that it is poised to take advantage of this growth as it positions itself to leverage its branding and expand its operations into metropolitan markets throughout Japan.

"The Company is currently trading at approximately 0.12x annualized revenue of nearly $100 million, giving it a market cap of only $12 million," added Mr. Murphy. "Over the coming quarters, Murphy Analytics expects that if KNBA is able to continue to show progress towards profitability and with its capitalization, it is reasonable to expect the Company's price / revenue valuation to move towards the S&P 500 range, and a price of $2.50."

The complete report is available in Acrobat format, free of charge:

www.murphyanalytics.com/uploads/KNBA_Initiation.pdf