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Kinbasha Gaming International, Inc. Announces Initiation of Research Coverage by Murphy Analytics
Fee-Based Independent Research Firm Murphy Analytics Initiates Coverage With a 12-Month Price Target of $2.50

HITACHI, JAPAN -- (Marketwire) -- 02/05/13 -- 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:
http://www.murphyanalytics.com/uploads/KNBA_Initiation.pdf

About Kinbasha Gaming International, Inc.

Based in Hitachi City, Japan, Kinbasha Gaming International, Inc. (OTCQB: KNBA) is a retail gaming company that operates 21 pachinko parlors in the Japanese prefectures of Ibaraki, Tokyo and Chiba. For more than 50 years, the company's retail gaming establishments have offered customers the opportunity to play the games of chance known as pachinko and pachislo. Pachinko is played on a device which resembles a vertical pinball machine and pachislo is played on a machine that resembles a western style slot machine. Pachinko and pachislo are collectively ranked as Japan's largest leisure activity, accounting for approximately $227 billion in annual revenue. For more information on Kinbasha, please visit: www.kinbashainc.com

For comprehensive investor relations material, including fact sheets, multimedia resources, and videos regarding Kinbasha, please follow the appropriate link: Investor Portal, Overview Video and Investor Fact Sheet.

Information Regarding the Murphy Analytics Report

SEC Section 17(b) Disclosure: Murphy Analytics has been paid $8,500 by Kinbasha Gaming International, Inc. Although the Murphy Analytics report described herein was commissioned and paid for by Kinbasha Gaming International, Inc., the company notes that the report was generated independently by Mr. Murphy, and statements by Mr. Murphy are his own and not attributable to Kinbasha Gaming International, Inc. Readers are advised to review the report in its entirety, including the disclosures and disclaimers noted therein.

Safe Harbor Statement

This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the Company's business and operations; business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

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