HAPS USA, Inc. Announces Completion of Acquisition HUNTINGTON BEACH, Calif., May 31 /PRNewswire-FirstCall/ -- HAPS USA, Inc. (OTC:HAPS) (BULLETIN BOARD: HAPS) announces the formal signing and completion of the acquisition taking HAPS USA public. Yoshihiro Kanemitsu has been appointed Chairman of the Board and Director of the Company. Mr. Y. Kanemitsu founded HAPS USA, Inc. and has been involved in the Pachinko industry since 1976 through Hikari Systems, a wholly owned subsidiary of HAPS USA, Inc. Jun-yo Kanemitsu has been appointed CEO and Director of the Company. Mr. J. Kanemitsu was the Director of Operations for Hikari Systems since January 2000 and has been its CEO and Representative Director since November 2004. Haruo Miyano has been appointed Secretary and Director of the Company. Mr. Miyano is a sought after consultant experienced in international finance and the management of public companies. In order to provide continuity, Mark Buck has agreed to retain his position as Director of the Company. CEO, Jun-yo Kanemitsu, said, "Electronic gaming generates more than $240 billion annually for Japan's economy and is a fixture in the daily lives of more than a quarter of Japan's population. The pachinko industry is larger than Japan's auto industry and is more profitable than the Las Vegas casino industry. Japan's Pachinko industry generates annual net revenues of $34 billion compared to $28 billion for the entire U.S. casino industry. We feel that HAPS can provide an excellent opportunity for our investors to participate in this booming market." This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate", "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to the effect of government regulation, competition and other material risks. Investor Relations: Toll free: (888) 918-8847 e-mail: DATASOURCE: HAPS USA, Inc. CONTACT: Investor Relations, +1-888-918-8847, , for HAPS USA, Inc.

Copyright