PETOSKEY, Mich., April 27, 2015 (GLOBE NEWSWIRE) -- Rotate Black, Inc. (OTC:ROBK) announces the completion of it's 1 for 10 reverse stock split and its ability to electronically transfer the Company's common shares via the DWAC and DRS systems. Shares of Rotate Black, Inc. will trade under the symbol ("ROBKD") for the next 10-business days in recognition of the change and will revert back to ("ROBK") at the end of that period.
Marking another significant step in its process of moving forward with development of the Hemingway Resort and Casino, the Company's new expanded project design anticipates a 53,000 square foot casino, Hemingway steakhouse, unique and state of the art café, around the world buffet, multiple feature bars, high-end boutique pool and a 300-room four-star hotel.
About Rotate Black
Rotate Black, Inc. is a premier gaming and resort manager and developer based in Petoskey, MI. The Company's proven management team has over 100 years of combined gaming experience in managing and developing casino resorts around the world.
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The foregoing contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the Company based on management's experience, expectations and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Forward-looking statements are not guarantees of performance. Although the Company believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.