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April 6, 2005
Bingo.com Ticker Symbol Changes to BNGOF
ANGUILLA, B.W.I., April 6, 2005 / Bingo.com, Ltd. (OTC BB: BNGOF), formally Bingo.com, Inc. (OTC BB: BIGR), announced today that effective Thursday, April 7, 2005, the shares of Bingo.com, Ltd. will trade under the new ticker symbol “BNGOF”.
The change in ticker symbol is a result of the completed merger between Bingo.com, Inc. and Bingo.com, Ltd. The new ticker symbol follows the company’s name change and is a requirement of the NASD. Shareholders of Bingo.com, Inc. automatically become shareholders of Bingo.com, Ltd. without having to take further action.
March 21, 2005
Bingo.com Announces Fourth Quarter and Year End Results
VANCOUVER, Canada, March 21, 2005 / Bingo.com, Inc. (OTC BB: BIGR), operator of the Internet’s pre-eminent bingo portal, today announced its financial results for the fourth quarter and year end December 31, 2004. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Highlights of the 2004 fiscal year included:
- Revenue increased to $1,158,620, an increase of 30% over revenue of $888,888 in 2003
- Fourth quarter revenue increased to $389,921, an increase of 42% over revenue of $274,758 in the third quarter of 2004
- Fourth quarter profit of $63,591, the second consecutive positive quarter, an increase of 42% from the third quarter of 2004
- The conversion of all Debentures into shares of the Company
- The Company initiated the merger with its subsidiary for the purpose of moving the Company’s jurisdiction from Florida to Anguilla, BWI
“Our continued improvement in financial performance is very satisfying”, remarked Tarrnie Williams, the Company’s CEO, “and we look forward to an exciting 2005”
November 14, 2006
Bingo.com Announces Third Quarter Results
ANGUILLA, B.W.I., November 14, 2006 / Bingo.com, Ltd. (OTC BB: BNGOF), operator of the World’s Largest Bingo Hall, today announced its financial results for the third quarter ended September 30, 2006. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
“It was a challenging quarter for Bingo.com,” said Tarrnie Williams, the Company’s CEO. “We were unable to maintain our strong revenue growth due to unforeseen and persistent software problems combined with slower summer demand. Unfortunately, once the software problems had been corrected, it was too late in the quarter to attain the revenue growth previously enjoyed. As a result, given our pre-planned marketing expenses, we were regrettably unable to maintain profitability. Just as our cash business was starting to improve again, the quarter ended with the unfortunate passing of the United States Unlawful Internet Gambling Enforcement Act, thereby creating unplanned challenges for the Company and causing us to refocus on emerging markets.”
“On the positive side,” added Mr. Williams, “the Company, in the quarter, completed its market studies and initial preparations for Bingo.com’s entry into the United Kingdom, thereby significantly shortening the time required to enter this growing market. Our planning, combined with the rapid disposition of our United States cash business, puts us in a strong position to return to profitability.”
October 11, 2006
Bingo.com Sells United States Online Gaming Business
ANGUILLA, B.W.I., October 11, 2006 / Bingo.com, Ltd. (OTCBB: BNGOF), operator of the World’s Largest Bingo Hall, announced today that in response to the passage of the new United States legislation aiming to prohibit online gambling to United States citizens and residents that Bingo.com has sold it’s United States online gambling business in its entirety. Included in the transfer is the complete database of real money players, all historical data relating to the wagering of the real money players, and the gaming servers required to operate the business. While the terms of the deal are undisclosed, Bingo.com will receive payment of $1,200,050.00 United States Dollars at a variable rate over the coming months.
October 2, 2006
Bingo.com To Focus on European Expansion
ANGUILLA, B.W.I., October 2, 2006 / Bingo.com, Ltd. (OTCBB: BNGOF), operator of the World’s Largest Bingo Hall, announced today that with the passage of new United States legislation aiming to prohibit United States based banks, credit card companies and other Internet payment systems from making payments to online gambling companies, Bingo.com will be focusing future business expansion in European markets such as United Kingdom, Italy and other Internet gaming friendly jurisdictions. These countries have either passed, or are passing legislation legalizing and regulating Internet gaming.
“Bingo.com has a large number of players in the United Kingdom already and with over 48 million adults and a long standing bingo tradition, the United Kingdom is an ideal market for the Company’s initial international expansion,” commented Tarrnie Williams, CEO. “We have been in preparation for this targeted international strategy for a long time and we are excited to put these plans into action. We are extremely fortunate to have the best possible URL for providing online bingo so while this policy change in the United States may impact the performance of the Company in the short term, we expect the Bingo.com brand to be well received in the new markets in which we focus.”