Press Releases 2004

November 15, 2004

Bingo.com Announces Third Quarter Profit

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

VANCOUVER, Canada, November 15th, 2004 / Bingo.com, Inc., operator of the Internet’s pre-eminent bingo portal, today announced its financial results for the third quarter ending September 30th, 2004. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.

Continue reading

November 1, 2004

Bingo.com Appoints Jason Williams as VP of Business Development

VANCOUVER, Canada, November 1st, 2004 / Bingo.com, Inc. (OTC BB: BIGR), operator of the Internets pre-eminent bingo portal, today announced that Jason Williams has been promoted to the position of Vice President of Business Development.

Mr. Williams joined the management group of Bingo.com in September, 2001. Spearheading the sales and marketing direction of Bingo.com, Mr. Williams has been pivotal in the emergence of the Bingo.com brand identity and the success of the advertising business. Together with the Bingo.com management team, Mr. Williams is responsible for the creation and execution of the Bingo.com business strategy.

Continue reading

August 20, 2004

Bingo.com Announces Second Quarter Results

VANCOUVER, Canada, August 20th, 2004 / Bingo.com, Inc. (OTC BB: BIGR), operator of the Internets pre-eminent bingo portal, today announced its financial results for the second quarter ending June 30th, 2004. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.

Revenue increased to $247,752 for the quarter ended June 30, 2004, an increase of 21% from revenue of $203,947 for the same period in the prior year and an increase of 1% from revenue of $246,189 for the first quarter of 2004. The Company has increased its advertising rates by approximately 10% overall from the prior year and obtained a greater number of individual advertisers, thereby providing a more diverse and increased revenue stream.

Operating costs before interest expenses were $133,605 for the quarter ended June 30, 2004, a decrease of 14.6% compared to costs of $156,461 for the same period in the prior year and a decrease of 20.5% compared to costs of $168,090 for the first quarter of 2004. The decrease in operating costs compared to the prior year were a result of managements continued efforts to control operating costs, especially legal and accounting costs. During the quarter end June 30, 2004, the holders of the Convertible Debenture A converted the debenture and the accrued interest thereon into common stock of the Company. In addition, the Warrants issued in relation to the Convertible Debenture A expired unexercised. On the expiration of the warrants the Company expensed the unamortized portion of the Warrant Debenture Discount of $221,383.

Continue reading

July 5, 2004

Bingo.com, Inc. announces Elimination of Long Term Debt

VANCOUVER, Canada, July 5th, 2004 / Bingo.com, Inc. (OTC BB: BIGR), operator of the Internets pre-eminent bingo portal, announces the early election to convert Debenture “B” and the accrued interest thereon into share capital of the Company by the holders of Debenture “B” in accordance with the Debenture “B” agreement.

The holders of Debenture “B” elected on July 2, 2004 to convert the Debenture “B” of $145,000 into 966,667 shares of the company at a rate of $0.15 per share and to convert the accrued interest of $34,895.36 on Debenture “B” into 174,477 shares of the Company at a rate of $0.20 per share.

“The conversion of this Debenture now removes our long term debt, thereby significantly reducing our interest expense and our stockholders deficit”, remarked Tarrnie Williams, the Companys President and CEO.

Continue reading

April 19, 2004

Bingo.com, INC. Announces Debenture Conversion Into Share Capital

VANCOUVER, Canada, April 19th, 2004 / Bingo.com, Inc. (OTC BB: BIGR), operator of the Internet’s pre-eminent bingo portal, announced the completion of the conversion of Debenture “A” and the accrued interest thereon into share capital of the Company.

The Debenture “A” of $1,250,000 was converted into 10,000,000 shares of the company at a rate of $0.125 per share. In addition the accrued interest of $400,667 on Debenture “A” was converted in 2,003,334 shares of the Company at a rate of $0.20 per share.

Continue reading