TORONTO, Oct. 17 /PRNewswire-FirstCall/ -- Racino Royale, Inc. (OTCBB: RCNR) announced today that to better reflect the direction of the company and following all regulatory and board approvals, it has changed its name to InterAmerican Gaming, Inc. ("IAG") and will be trading under the symbol IAGM effective at market opening Monday, October 20th, 2008.
IAG (http://www.interamericangaming.com/) is focused on developing gaming opportunities in Latin America, combining extensive gaming industry experience in the region with specialization in operating in regulated jurisdictions, implementing industry-leading technology, systems and marketing programs.
"Racino Royale was established and so-named to pursue racetrack and casino, or racino-specific opportunities in North America," said John G. Simmonds, Chairman and CEO of IAG. "As our sights shifted to Latin America and our focus became slot machine and casino-related gaming we determined that we should change the name of the company. This is a strategy we have been working on for some time, and we are very excited about the opportunities we have identified in Latin America. Most recently, in April, we were appointed a license for the importation and commercialization of slot machines and we are currently rolling out the distribution plan."
About InterAmerican Gaming, Inc. --------------------------------
IAG is focused on developing gaming opportunities in Latin America, combining extensive gaming industry experience in the region with specialization in operating in regulated jurisdictions, implementing industry-leading technology, systems and marketing programs. IAG is committed to adhering to all licensing standards and requirements.
Forward-Looking Statements --------------------------
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of IAG could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, included in our SEC filings.
