Rotate Black, Inc. (ROBK.PK)

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Rotate Black, Inc. (ROBK.PK)
Stock price 1/15/09: $.30..…...….....….…….……..….……….Common shares (8/15/08: 10mm est)
52-week price range: $.30 - $2.40………..………..…….………Equity market capitalization: $3mm
Recent News…..Stock Price…..Chart…..SEC Filings

RECENT DEVELOPMENTS

  • Senecas to Build Catskill Casino…read more
  • Seneca Nation Announces Plans for Catskills Casino…read more
  • A Compelling Play on Indian Gaming: Rotate Black – ROBK…read more
  • Gambling firm plans casino with Senecas in Thompson…read more
  • Senecas plan casino in the Catskills. The casino would create 2,000 full-time jobs…read more
  • Casino quest gets help…read more
  • Mohawk tribe supports Seneca casino project…read more
  • Are Senecas turning focus to Catskills?…read more
  • BUSINESS

    . Casino development, acquisition and management

    . With a seasoned management team, Rotate Black has quickly gained a reputation of integrity within the gaming community as the "can-do" company in the casino development and management business.

    . Comprised of individuals having over 100 years of combined experience in the development and management of high-end casino resorts.

    TARGET MARKETS

  • Consulting for Indian Gaming Casinos
  • . There has been a huge explosion of Indian gaming casinos. Most of those casinos that are being managed by individuals with little or no experience in gaming management.

    . We believe ROBK has the opportunity of accepting lucrative management consulting contracts to help efficiently manage poorly run Indian gaming casinos.

    . ROBK’s management expertise, it seems to us, is even more valuable in the current economic climate where management mistakes do not go unpunished.

    . Multiple casino management consulting contracts can, it seems to us, generate high gross profits for shareholders

  • Casino Development
  • . We believe that with ROBK’s management experience, with its proven track record of managing casino construction & development, and with ROBK’s access to deal flows, that ROBK is favorably positions to secure one of two large casino development & construction projects

    . Compensation is usually in the range of 2.5% of construction costs

  • Casino Management
  • . Once a casino development & construction project is completed, then the opportunity exists for ROBK to manage the newly build casino.

    . Casino management contracts can pay 20% of net income

    Casino acquisitions

    . Because ROBK is in the Indian casino deal flow, we believe there are opportunities for ROBK to acquire casinos that are near or in the process of completion.

    . For a newly acquired & managed casinos, it seems reasonable that ROBK could generate 30% to 40% EBITDA for shareholders

    HISTORY
    On October 7, 2008, the Company entered into certain agreements with Rotate Black, LLC ("RBL") a Michigan Limited Liability Company for the acquisition of three of its business units, Rotate Black Gaming, Inc., Rotate Black Dayton and Rotate Black India, Pvt. Ltd.

    Under the terms of the agreements Rotate Black, Inc. will be acquiring land, receivables and contract rights valued at $20.4 million for 40,800,000 shares of its common stock.

    Transaction Highlights are as follows:

    Rotate Black, Gaming, Inc.
    is currently contracted for the development and management of world-class casino resort to be located in New York State.
    . Rotate Black Gaming, Inc: Under a stock purchase agreement the company will acquire a Seventy Five Percent (75%) ownership in RBL’s wholly owned subsidiary Rotate Black Gaming, Inc., a Nevada corporation for the consideration of 26,000,000 shares valued at $14.8 million.
    . Assets being conveyed include contract rights of $3.0 million, land valued at $9.8 million and over $1.2 million in cash and receivables along with the assumption of $1.5 million in payables. As a commitment fee the Company has transferred 4,890,000 shares to facilitate the transaction while final approvals are being acquired. The Company expects to close the transaction on or before November 15, 2008.

    Traditions Casino Resort
    . Rotate Black Dayton: On October 7, 2008, the company entered into an Asset Sale Agreement providing for the purchase of assets held by RBL associated with the Traditions Casino Resort development currently underway in Dayton, Nevada. Under the terms of the agreement Rotate Black, Inc, is providing 5,480,000 shares of its common stock valued at $2,740,000 for the purchase of these assets.
    . The Traditions Casino Resort, which has received its approvals and entitlements is expected to begin construction in the first quarter of 2009 with completion in early 2010. The development cost of the project is $79 million. The initial budget of $39 million for phase one of the development will include construction of a 79,000 square foot gaming facility complete with two restaurants. Subsequent phases, which are budgeted at $40 million will include additional gaming space, another restaurant and a 250 room hotel with banquet and meeting space.

    . Rotate Black India Pvt LTD
    Under a stock purchase agreement the Company is acquiring RBL’s fifty percent (50%) interest in Rotate Black India Pvt. LTD ("RBIP") which was formed and registered in Ahmedabad, India. RBIP was created pursuant to a joint venture with Sandesh, Ltd, one of India’s largest media groups, for the acquisition of a Five Star casino resort in the GOA region of India. Under the terms of the agreement Rotate Black, LLC will receive 8,400,000 shares of common stock in Rotate Black, Inc valued at $4,200,000.

    Address: 932 Spring Street, Petoskey, MI 49770
    Telephone: 231-347-0777 FAX: 231-347-0177
    CEO: John Paulsen

    Web Site: http://www.rotateblack.com

    State or other jurisdiction of incorporation or organization: NV
    Transfer Agent: Transfer Online, Portland, Oregon
    Investor contact: (800)507-2401,
    info@rotateblack.com, John Paulsen

    MANAGEMENT

    John Paulsen, Chairman & CEO

    John Paulsen, age 45, has over twenty years of experience in delivering development stage companies to long term market leaders. He is currently the Managing Partner of Rotate Black, L.L.C. and the Chairman of Rotate Black Gaming, Inc. His direction and efforts have solidified our current projects and he continues to manage the financial and political environments we interact with on a daily basis.

    Dual Cooper - COO

    Dual Cooper, age 61, has over 30 years of casino, resort and development experience including President & General Manager of Tulalip Casino, Pechanga Resort and Casino. He has further served in executive operating positions at the Grand Casinos, Casino, Magic, Bally's, Palace Casino, and Harrah's

    Sharon Petty - CFO

    Sharon E. Petty, MBA, CHAE has been named the new Chief Financial Officer of Rotate Black, Inc., Ms. Petty has an extensive background in gaming finance. She has been licensed as a key employee in five states, holding various positions from Controller to Chief Operating Officer of a gaming cruise line. Previous employers include the Aladdin Hotel & Casino, Maxim Hotel & Casino, Stations Casinos, Inc. Ameristar Casinos, Casino Rouge, and Europa Cruises Corp. Ms. Petty has a Masters degree in Business Administration and holds the CHAE Certification from the Hospitality, Financial and Technology Professionals. She is the current state Treasurer of the Nevada Federation of Republican Women.

    Ken R. Bock - Vice President - Construction

    More than 30 years of experience in the hospitality and gaming construction industry and included the position of Vice President of Business Development for Perini Building Company. Mr Bock has worked extensively in many aspects of the construction business, including project management, cost estimating, contract management and business development He has been involved in the construction of over 23 gaming facilities and 27 hotels, including Mohegan Sun.

    Dennis Piotrowski - Executive Vice President

    Dennis Piotrowski, age 63 has over 30 years of experience in the resort and casino industry. Mr. Piotrowski was General Manager of the world renowned Binion's Horseshoe Casino and Resort in Las Vegas, Nevada for over 15 years.

    BOARD OF DIRECTORS
    John Paulsen, Chairman & CEO

    John Paulsen, age 45, has over twenty years of experience in delivering development stage companies to long term market leaders. He is currently the Managing Partner of Rotate Black, L.L.C. and the Chairman of Rotate Black Gaming, Inc. His direction and efforts have solidified our current projects and he continues to manage the financial and political environments we interact with on a daily basis.

    Dual Cooper - COO

    Dual Cooper, age 61, has over 30 years of casino, resort and development experience including President & General Manager of Tulalip Casino, Pechanga Resort and Casino. He has further served in executive operating positions at the Grand Casinos, Casino, Magic, Bally's, Palace Casino, and Harrah'

    Dennis Piotrowski - Executive Vice President

    Dennis Piotrowski, age 63 has over 30 years of experience in the resort and casino industry. Mr. Piotrowski was General Manager of the world renowned Binion's Horseshoe Casino and Resort in Las Vegas , Nevada for over 15 years.

    William J. (Jeff) Marshall

    Extensive experience with high growth technology companies for over 30 years derived from working with leading technology companies in marketing, brand development, and technology development and worked with CEO’s, in Operating Capacities, or served at the Board level to such high growth companies such as MCI, Bear Stearns, VantagePoint Venture Partners, QuantumClean, Insoft, Netscape, Network Equipment Technologies, Puresoft, Remedy, Synoptics, and Wellfleet. He also initiated the Nortel acquisition of Bay Networks for $7 Billion. He was a Board member of the Securities Industry Association Technology Committee and a graduate of New York University in Finance and Computer Applications and Information Systems (B.S.), and the Harvard Management Program in Strategic Technology and Business Development.

    Philip Shaltz

    In 1976, after various sales positions, Mr. Shaltz helped found Shaltz Automation in which he maintains the position of President. Shaltz Automation is a premier Fluid Power and Automation provider to the Big Three and related Tier One and Tier Two OEM’s. He has been instrumental in many startup companies in the industrial arena to include hss, LLC, which is a national indirect materials management company that he holds the title of Managing Partner. Mr. Shaltz acquired Orbitform, a manufacturer of riveting and assembly systems, in 1987. He sold Orbitform to a public company in 1998 and repurchased it in 2002. Mr. Shaltz sold his interest in Orbitform internally in 2005.

    Dr. William Thompson

    William N. Thompson, age 67 is the chair of the Public Administration Department at the University of Nevada , Las Vegas . He has served as Research Associate with the National Association of Attorneys General, Administrator of Pension and Welfare Benefits Programs in the U.S. Department of Labor and was a gaming consultant to the President's Commission on Organized Crime. Mr. Thompson is considered by many as the foremost authority on gaming worldwide.

     

    IPOdesktop (ID) SAFE HARBOR STATEMENT: Statements contained in this document, including those pertaining to estimates and related plans, potential mergers and acquisitions, estimates, growth, establishing new markets, expansion into new markets and related plans other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made. ID provides no assurance as to the subject company's plans or ability to effect any planned and/or proposed actions. ID has no first-hand knowledge of management and therefore cannot comment on its capabilities, intent, resources, nor experience and makes no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company or its agent and related sources believed by ID to be reliable, but ID provides no assurance, and none is given, as to the accuracy and completeness of this information.

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