Press Releases 2007

November 14, 2007

Bingo.com Announces Third Quarter Results

ANGUILLA, B.W.I., November 14, 2007 / Bingo.com, Ltd. (OTC BB: BNGOF), operator of the World’s largest online bingo hall, today announced its financial results for the third quarter ended September 30, 2007. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.

“The third quarter has been a particularly satisfying quarter for Bingo.com.” said Tarrnie Williams, CEO of Bingo.com. Month over month, since commencing gaming operations in the United Kingdom on April 23, 2007, we have grown our customer base, increased our market share, and reduced our operational expenses on a percentage of revenue basis, all of which has significantly increased our revenue and helped to reduce our quarterly loss as we work to return to profitability.”

Highlights for the quarter include:

  • Added a ‘Speed Bingo’ 80 ball bingo room to our offering.
  • Gaming Revenue increased from $265,650 in the second quarter of 2007 to $1,048,338 in the third quarter of 2007.
  • Reduced Loss from $535,912 in the second quarter of 2007 to $399,528 in the third quarter of 2007.

Financial Results:

Continue reading

August 14, 2007

Bingo.com Announces Second Quarter Results

ANGUILLA, B.W.I., August 14, 2007 / Bingo.com, Ltd. (OTC BB: BNGOF), operator of the World’s largest online bingo hall, today announced its financial results for the second quarter ended June 30, 2007. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.

“The launch of Bingo.com in the United Kingdom is now behind us” said Tarrnie Williams, CEO of Bingo.com. “It was a difficult and expensive task to change our gaming software, rebuild the Bingo.com website, and redesign our marketing efforts, but it is now complete. We are pleased with the initial results from the marketing campaigns we have engaged on television and through our affiliate marketing relationships. In the past three months we have built a solid base of players which provide the necessary liquidity to our bingo games. The Bingo.com URL continues to drive significant gaming traffic and we are confident in our potential for a return to profitability.”

Continue reading

May 15, 2007

Bingo.com Announces First Quarter Results

ANGUILLA, BRITISH WEST INDIES–(MARKET WIRE)–May 15, 2007 — Bingo.com, Ltd. (OTC BB:BNGOF.OB – News), operator of the World’s largest online bingo hall, today announced its financial results for the first quarter ended March 31, 2007. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.

“It’s hard to imagine a more difficult business situation than the passing of UIGEA, which caused Bingo.com’s revenue to fall by almost 100%,” said Tarrnie Williams, CEO of Bingo.com. “However, the Company has now completed the conversion of its business from one focused on gaming in the United States, where it is no longer considered legal, to one focused in the United Kingdom, where Internet gaming is welcomed and regulated. This transition presented many challenges: new software; new banking; new payment processors; new currency support; new marketing channels; as well as additional funding to provide sufficient capital to meet unforeseen events as we work to return to profitability. All of these challenges are now behind us and we look forward to growing our business in the UK and, over time, in other legal jurisdictions.”

Continue reading

May 9, 2007

Bingo.com is the World’s Largest Bingo Hall.

ANGUILLA, B.W.I., May 9, 2007 / Bingo.com, Ltd. (OTCBB: BNGOF), operator of the world’s largest online bingo hall, today announced that it had launched a new version of its popular website www.bingo.com targeted specifically at residents of the United Kingdom. Denominated in Pounds Sterling, the new Bingo.com website offers players the choice of both the North American style 75 number bingo game as well as the European style 90 number bingo game. Over the coming weeks the Company will begin a multi-faceted marketing campaign in the United Kingdom to promote Bingo.com and build new liquidity into the online bingo games.

Continue reading

March 5, 2007

Bingo.com, Ltd. Announces Private Placement Closing

Anguilla, B.W.I., April 14, 2005 / Bingo.com, Ltd. (OTC BB: BNGOF), announced today that it has closed a non-brokered private placement offering of 1,339,667 common shares at US$0.75 per share which has raised gross proceeds of US$1,004,750. The private placement was completed under Regulation S. Proceeds of the private placement will be used for general working capital and as a reserve for potential future acquisitions.

Continue reading