Press Releases 2000
Investor’s Business Daily Names Bingo.com as ‘Stickiest Web Site’; Bingo.com Ranks Number One
MARINA DEL REY, Calif., Oct. 3 /PRNewswire/ — Bingo.com Inc. (OTC Bulletin Board: BIGR), announced today that it was named the “stickiest” Web site on the Internet in a September 25, 2000 article in Investor’s Business Daily that focuses on the results of a recent Nielsen/NetRatings survey.
Bingo.com is an entertainment site and game application service provider (ASP) that attracts Internet users with a variety of free games and other forms of entertainment, designed around casino games such as bingo. The site also includes multiplayer video poker, chat, thousands of sweepstakes, concentration games, and much more. “Sticky,” is a term that describes the ability of a Web site to retain the attention of visitors for long periods of time. Sticky sites like Bingo.com offer greater branding opportunity through advertisers through ads placed on the site, because of the long periods of time users are spending on the site. In theory, this exposure means that sticky Web sites are able to fetch a higher price tag from advertisers on the site.
Bingo.com Rated as a ‘Buy’ by Kon-Lin Letter
Leading Independent Stock and Market Newsletter Sees Value in Bingo.com
MARINA DEL REY, Calif., Sept. 15 /PRNewswire/ — Bingo.com Inc. (OTC Bulletin Board: BIGR), a vertical Internet media and entertainment company, announced today that The Kon-Lin Letter, known for years for its leading technical and fundamental analysis, has rated Bingo.com as a “Buy” in its September 2000 issue. The letter sited Bingo.com’s unprecedented growth rate and stickiness as reasons for its selection.
“The company has achieved phenomenal progress since launching its first Free Bingo games in December ’99 and has reached several remarkable milestones, setting important benchmarks for Internet entertainment with its uniquely innovative concepts,” according to The Kon-Lin Letter. “BIGR appears to be the hottest single site on the Internet and was recently named ‘The Stickiest Site on the Internet’ by Nielsen/NetRatings, Inc., which is certainly not reflected in its stock price as it trades in long-term support where we would Add/Buy for a 1st objective up into the $2 1/2-$3 1/2 area.” Kon-Lin gives Bingo.com an ultimate price target of $6.00 to $7.00. Bingo.com closed yesterday at $.84.
Bingo.com Reviews Its Second Quarter
MARINA DEL REY, Calif., Sept. 5 /PRNewswire/ — Bingo.com, Inc. (OTC Bulletin Board: BIGR), ‘the most addicting experience on the Web,’ today sent the following letter to its stockholders, partners, employees and the Bingo.com community:
To Our Stockholders, Partners, Employees and the Bingo.com Community.
Our Second Quarter In Review
Thus far, 2000 has been an historic year for Bingo.com, filled with astonishing growth, corporate stability, and remarkable milestones. Since we launched our site a mere 250 days ago, our presence in the market has grown dramatically. Here are a few points to consider: we launched the new Bingo.com site in December 1999 with very few registered users, and currently we have over approximately 300,000 registered users. We currently grow registrations at a rate of 1.5 new registrants per minute, 24 hours a days, seven days a week. During the second quarter of 2000, we attracted over 2,000,000 unique visitors to our Web site. Our players spend more than 2 million minutes per day on our site, in aggregate. We served our 100 millionth Bingo cards to players earlier this month. We’ve built and launched stunning games, which are critically acclaimed in the market. The list goes on and on…
Nielsen//NetRatings Ranks Bingo.com ‘Stickiest Site On The Web’
We Bet You Can’t Play Just Once
MARINA DEL REY, Calif., Aug. 22 /PRNewswire/ — Bingo.com, Inc. (OTC Bulletin Board: BIGR), ‘the most addicting experience on the Web’, announced today that Bingo.com has been ranked the “Stickiest Site on the Internet” for the month of July by Nielsen//NetRatings, as reported by USA Today, August 16, 2000. “Stickiness” is an industry term for measuring how long users stay on a site. This measurement is extremely important to potential advertisers seeking a captive audience.
Bingo.com’s average July user session according to the poll by Nielsen//NetRatings was almost NINE HOURS, 3.7 times that of Pogo.com, the only other game site to appear on the Nielsen//NetRatings radar. The industry average for time spent on web sites is less than four minutes per month. The Nielsen//NetRatings poll was conducted during the month of July, according to the USA Today report. Nielsen//NetRatings collects real-time data from more than 65,000 panel members in the United States. Their U.S. panel sample consists of 57,000 at-home users and 8,000 at-work users. This panel collectively represents the largest representative media research sample of Internet users in the industry. Worldwide, in partnership with ACNielsen eRatings.com, Nielsen//NetRatings measures the Internet experiences of nearly 110,000 actual Internet users.
Bingo.com Reports Results for Second Quarter; Company Doubles Registered User Base, Unique Visitors Per Day
BINGO.COM REPORTS RESULTS FOR SECOND QUARTER; -COMPANY DOUBLES REGISTERED USER BASE, UNIQUE USERS PER DAY
MARINA DEL REY, Calif., Aug. 18 /PRNewswire/ — Bingo.com, Inc. (OTC Bulletin Board: BIGR), a leading online entertainment company, today announced its results for the quarter ended June 30, 2000.
The company contracted approximately $250,000 in business during the quarter, which includes co-branding agreements and other business that will stretch into future months. This will be booked as revenue over the term of the various agreements and as work is performed. For the quarter ended June 30, 2000, the company reported $57,588 in revenues compared to no revenues for the quarter ended June 30, 1999. Revenues resulted primarily from advertising and the sale of advertising banners on the company’s Web site. The company recorded $28,600 in barter revenue with a corresponding cost of revenue of $28,600 included in marketing expenses.
At June 30, 2000, cash and cash equivalents were $1,747,277 versus $4,594,304 at June 30, 1999. Working capital position at June 30, 2000 was $1,101,101 compared to $4,880,199 at June 30, 1999. Marketing, advertising, software and Web site development costs totaled $208,698 for the quarter ended June 30, 2000, compared to $217,704 for the quarter ended June 30, 1999. As of June 30, 2000 the company had 10 full-time employees and four regular consultants located in its principal executive offices in California. Audience growth and usages during the quarter remained strong. The company had 211,092 registered users as of June 30, 2000, compared to 106,779 at March 31, 2000, representing a growth rate of 97% for the second quarter. The company experienced a 32% increase in its quarterly growth rate over the first quarter of 2000. During the second quarter of 2000, the company attracted in excess of 27,000 unique visitors per day to its Web site, compared to 15,000 in the first quarter of 2000. During the second quarter of 2000, the average visitor session length grew from an average of approximately 50 minutes to over 60 minutes.