Press Releases 2005
Chartwell Teams with Bingo.com to Offer Cash Bingo
Calgary, Canada, April 25, 2005, Chartwell Technology Inc. (TSX:CWH), a leading provider of gaming software systems to the online and remote gaming industry, and Bingo.com, Ltd. (OTCBB:BNGOF), operator of the Internet’s pre-eminent bingo portal, are pleased to announce that Chartwell has been selected as Bingo.com’s official supplier of its cash gaming system.
Bingo.com is one of the world’s largest online bingo destinations, with a player base of over one million registered players. Through its player acquisition strategy and unique brand identity Bingo.com attracts over 30,000 visitors each day, averages over 800 new player signups per day and has served up over four billion Bingo cards to date on a play for fun basis. Due to the recent positive regulatory movements (UK Gambling Bill), Bingo.com has decided to take advantage of its brand and dominant position in the free online bingo industry to diversify its business model and enter the play for cash bingo market. Under the terms of the license agreement, Chartwell will provide Bingo.com with its gaming system, offering players the experience of flash based 75 and 90 ball bingo games, complete with chat features and the opportunity to play Chartwell’s full suite of soft games which are offered as side games or intermission entertainment.
“We are delighted to have been selected as the software provider to one of the world’s largest online bingo companies”, states Darold Parken, President and CEO of Chartwell. “Community based gaming has become one of the fastest growing segments of the gaming industry and the launch of Bingo.com’s play for cash offering gives Chartwell a strong industry partner and represents a significant step towards positioning the Company as the leading bingo software provider to this exciting gaming market segment.”
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.
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.
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”