PETOSKEY, Mich., Aug. 27 /PRNewswire-FirstCall/ -- Rotate Black, Inc. (OTC Bulletin Board: ROBK) has entered into an agreement to acquire substantially all of the assets of Sage Gaming & Entertainment of Las Vegas, Nevada for $5.0 million dollars in stock priced at $1.00 per share. Under the purchase agreement Rotate Black will also replace Sage as the casino operator in two properties currently being contracted for by Sage. Shares of Rotate Black are to be released upon the successful completion of each of the casino management agreements to Rotate Black. Current combined revenue for the two operating properties is $20 million.

Management estimates that the various business combinations will be completed within 90 days. Each transaction is subject to standard regulatory and local approvals.

About Rotate Black, Inc.

Rotate Black, Inc. (ROBK.OB) is a premier development and management company of global resort and casino properties. The Company makes investments specifically targeted towards the gaming industry, seeking to maximize total return from capital appreciation and income. The management and Board of Directors have extensive experience in successfully developing and managing resort properties.

Forward Looking Statement

Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Rotate Black, Inc. disclaims any obligation to update the forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date stated, or if no date is stated, as of the date of this press release.

SOURCE Rotate Black, Inc.