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February 19, 2013
Bingo.com Announces 2012 Year End & Profitable Q4 Results
ANGUILLA, B.W.I., February 19, 2013 / Bingo.com, Ltd. (OTC BB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced its unaudited financial results for the fourth quarter and the year ended December 31, 2012. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Recent Bingo.com highlights include:
- Total revenue increased to $1,765,827 for the year ended December 31, 2012, an increase of 25% over revenue of $1,416,658 for the same period in the prior year.
- Total loss for the year ending December 31, 2012 was $46,235 compared to a loss of $689,016 for the year ending 2011.
- Total profit for the quarter ended December 31, 2012, was $38,606, an improvement of 26% from profit of $30,638 for the same period in the prior year and an increase of 33% from a profit of $29,002 in the third quarter of 2012;
- Total revenue for the quarter ended December 31, 2012, was $554,031, an increase of 42% from revenue of $389,390 for the same period in the prior year and an increase of 21% from revenue of $457,748 in the third quarter of 2012;
- Two separate financings in Q4 2012, of 1,000,000 common shares each, both at $0.45 per share raising $900,000 in total.
“2012 was an excellent year for Bingo.com,” said Jason Williams, the Company’s CEO. “With our restructuring complete, we commenced an aggressive marketing strategy to increase revenue as quickly, and cost effectively, as possible. With each quarter in 2012 showing improved profitability we feel our strategy is working. We will continue this aggressive approach in existing markets, and expand into new territories in 2013.”
“The financings,” said Williams, “were completed to fund our marketing efforts and the development of special internal projects. Bingo.com will be entering the social, free-to-play bingo market with an innovative multi-platform game. The game is scheduled to launch as a beta product early in the second quarter of this year. Bingo.com intends to continue investing in the strategies and areas that have the greatest potential for revenue growth and profits.”
December 5, 2012
Bingo.com Closes $450,000 Private Placement
ANGUILLA, B.W.I., December 5, 2012 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced it has closed an additional private placement of one million common shares at $0.45 per share to raise net proceeds of $450,000. The shares have been placed with a non-US private company.
“The funds raised in this private placement will be used to further expand Bingo.com’s marketing activity and finance internal projects,” commented Jason Williams, Bingo.com’s CEO.
For full details of the Companies operations and financial results, please refer to the Securities and Exchange Commission website at www.sec.gov or the Bingo.com website at http://www.bingo.com.
XBRL Documents bngof-20120930_FINAL
Q3 2012 Form 10-Q
| Item | Description | File |
| 101.ins XBRL | Instance Document | bngof-20120930.xml |
| 101.xsd XBRL | Taxonomy Extension Schema Document | bngof-20120930.xsd |
| 101.cal XBRL | Taxonomy Extension Calculation Linkbase Document | bngof-20120930_cal.xml |
| 101.def XBRL | Taxonomy Extension Definition Linkbase Document | bngof-20120930_def.xml |
| 101.lab XBRL | Taxonomy Extension Labels Linkbase Document | bngof-20120930_lab.xml |
| 101.pre XBRL | Taxonomy Extension Presentation Linkbase Document | bngof-20120930_pre.xml |
Note: To download XBRL documents, right click on the link and
select save link as or save target as depending on internet browser.
November 14, 2012
Bingo.com Announces Third Quarter Results
ANGUILLA, B.W.I., November 14, 2012 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced its unaudited financial results for the third quarter ended September 30, 2012. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Recent Bingo.com highlights include:
- Net Income for the three months ended September 30, 2012 amounted to $29,002 compared to net loss of ($28,908) in the third quarter of 2012;
- Total revenue for the quarter ended September 30, 2012, was $457,748, an increase of 32% from revenue of $347,742 in the second quarter of 2012.
“The third quarter of 2012 was a strong one for Bingo.com,” commented Jason Williams, Bingo.com’s CEO. “Our strategy in the quarter was to increase our marketing activity to generate a large inflow of new players and increase our revenues. Our marketing during the quarter was well received by our target demographic and gaming activity on Bingo.com was improved across all categories. While many challenges remain, we are confident that with the current strategy in place, Bingo.com will continue to grow its player base, increase its revenues, and generate profits in future quarters.”
October 25, 2012
Bingo.com Closes $450,000 Private Placement
ANGUILLA, B.W.I., October 25, 2012 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced it has closed a private placement of one million common shares at $0.45 per share to raise net proceeds of $450,000. The shares have been placed with a non-US private company.
“The funds raised in this private placement will be used to expand Bingo.com’s marketing activity and finance internal projects,” commented Jason Williams, Bingo.com’s CEO.
For full details of the Companies operations and financial results, please refer to the Securities and Exchange Commission website at www.sec.gov or the Bingo.com website at http://www.bingo.com.