updated 11/30/2010 8:16:51 AM ET 2010-11-30T13:16:51

PETOSKEY, Mich., Nov. 30, 2010 (GLOBE NEWSWIRE) -- Rotate Black, Inc. (OTCBB:ROBK), a premier development and management company of resort and casino properties, reported financial results for the first quarter ended September 30, 2010.

For the first quarter ended September 30, 2010, Rotate Black's net revenues were $600,000, as compared to none for the prior year. During the same period, the Company reported net income of $204,000 versus a net loss of $396,000 a year ago.   

The Company's basic and diluted earnings per share for the quarter ended September 30, 2010 was $0.01 compared to a net loss per share of $0.03 for the corresponding period in 2009.

About Rotate Black, Inc.

Rotate Black, Inc. (OTCBB:ROBK) is a premier development and management company of 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.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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