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.”

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