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July 17, 2001
Bingo.com to Beta Test Pay to Play Skill Based Bingo Game
VANCOUVER, British Columbia, July 17 /PRNewswire/ — BINGO.COM LTD. (OTC Bulletin Board: BNGOF.OB – news) a fast growing entertainment site and application service provider (ASP), today announced that they are set to start a Beta test of it’s much anticipated Pay to Play Skill Based bingo game.
Shane Murphy, Chairman, CEO and President of Bingo.com, said, “Our upcoming Beta test is the last step before offering the game to our 750,000 members and the world at large. The Beta Test is being offered to a select group of members and will run for several days beginning on July 19, 2001.”
June 28, 2001
Bingo.com Signs Letter of Intent to License Software in Asia; Bingo.com to Capitalize on Emerging Asian Broadband Access
VANCOUVER, British Columbia, June 28 /PRNewswire/ — BINGO.COM LTD. (OTC Bulletin Board: BNGOF.OB – news) an high-traffic entertainment portal and application service provider (ASP), today announced that they have signed a Letter Of Intent to license their new Pay for Play software to WARP Cybertech Ltd., a leading provider of broadband access to China.
Under the terms of the Letter of Intent, Bingo.com will license and provide its software so that WARP Cybertech may use to operate Pay to Play Tournaments of skill bingo and other games provided by Bingo.com in the greater China area. It is the intent of WARP Cybertech to deliver the Bingo.com software to its bandwidth users and that it will deliver content, including Bingo.com’s software, to over 1 Million households in China by 2003.
June 18, 2001
Bingo.com Moves Towards Profitability; Relocation to Canada Drastically Reduces Overhead
VANCOUVER, British Columbia, June 18 /PRNewswire/ — BINGO.COM LTD. (OTC Bulletin Board: BNGOF.OB – news) a fast growing entertainment site and application service provider (ASP), today announced that they are moving operations to Vancouver in an effort to reduce the company’s operating expenses.
June 6, 2001
Bingo.com Pushes Towards Launch of a Pay to Play Skill Based Bingo Game Targeted at the North American Market
MARINA DEL REY, Calif., June 6 /PRNewswire/ — BINGO.COM LTD. (OTC Bulletin Board: BNGOF.OB – news) a fast growing entertainment site and application service provider (ASP), today announced that they are developing an innovative skill based bingo game that will enable the company to operate Bingo in a ‘Play for Pay’ format in all of the jurisdictions that allow games of skill to be played for money.
Apr 24, 2001
Bingo.com Announces Financing with RedRuth Ventures INC.& Bingo INC. & Termination of Financing Plan W/Bounceback Technology
MARINA DEL REY, Calif., April 24 /PRNewswire Interactive News Release/ — Bingo.com, Inc. (OTC Bulletin Board: BIGR) announced that they have entered into a definitive agreement financing arrangement between the company, Redruth Ventures (RRV) and Bingo, Inc (BI). BIGR also announces that the financing talks with Bounceback Technologies have terminated.
The financing will see Bingo.com, Inc. issue a convertible debenture to RRV & BI in the amount of $1,250,000.00 due 3 years from the closing date with 12% interest payable annually. Additional terms of the debenture will include the right by RRV & BI to convert in to common shares of BIGR at the fixed price of $0.125 per share, BIGR will issue warrants giving RRV & BI the right to purchase an additional $3,000,000 worth of BIGR shares at a fixed price of $0.25 per share.
Shane Murphy the current Chairman, CEO and President of BIGR is pleased to announce the planned appointment of two new board members Mr. Mitch White and Mr. Randy Peterson. Mr. White is currently the founder and CEO of Cyop Systems International. Cyop is a software company developing e-commerce platforms for pay to play sites on the Internet. Mr. Peterson comes to Bingo.com with over 26 years experience as a police officer. Mr. Peterson is a recognized authority in matters related to Internet gaming and pay to play business practices.