Press Releases 2012
December 5, 2012
Bingo.com Closes $450,000 Private Placement
ANGUILLA, B.W.I., December 5, 2012 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced it has closed an additional private placement of one million common shares at $0.45 per share to raise net proceeds of $450,000. The shares have been placed with a non-US private company.
“The funds raised in this private placement will be used to further expand Bingo.com’s marketing activity and finance internal projects,” commented Jason Williams, Bingo.com’s CEO.
For full details of the Companies operations and financial results, please refer to the Securities and Exchange Commission website at www.sec.gov or the Bingo.com website at http://www.bingo.com.
November 14, 2012
Bingo.com Announces Third Quarter Results
ANGUILLA, B.W.I., November 14, 2012 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced its unaudited financial results for the third quarter ended September 30, 2012. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Recent Bingo.com highlights include:
- Net Income for the three months ended September 30, 2012 amounted to $29,002 compared to net loss of ($28,908) in the third quarter of 2012;
- Total revenue for the quarter ended September 30, 2012, was $457,748, an increase of 32% from revenue of $347,742 in the second quarter of 2012.
“The third quarter of 2012 was a strong one for Bingo.com,” commented Jason Williams, Bingo.com’s CEO. “Our strategy in the quarter was to increase our marketing activity to generate a large inflow of new players and increase our revenues. Our marketing during the quarter was well received by our target demographic and gaming activity on Bingo.com was improved across all categories. While many challenges remain, we are confident that with the current strategy in place, Bingo.com will continue to grow its player base, increase its revenues, and generate profits in future quarters.”
October 25, 2012
Bingo.com Closes $450,000 Private Placement
ANGUILLA, B.W.I., October 25, 2012 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced it has closed a private placement of one million common shares at $0.45 per share to raise net proceeds of $450,000. The shares have been placed with a non-US private company.
“The funds raised in this private placement will be used to expand Bingo.com’s marketing activity and finance internal projects,” commented Jason Williams, Bingo.com’s CEO.
For full details of the Companies operations and financial results, please refer to the Securities and Exchange Commission website at www.sec.gov or the Bingo.com website at http://www.bingo.com.
August 13, 2012
Bingo.com Announces Second Quarter Results
ANGUILLA, B.W.I., August 13, 2012 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced its unaudited financial results for the second quarter ended June 30, 2012. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Recent Bingo.com highlights include:
- A profit from continuing operations before foreign exchange of $47 compared to a loss from continuing operations of ($65,061) in the first quarter of 2012;
- Total revenue for the quarter ended June 30, 2012, was $347,743, a decrease of 4% from revenue of $363,492 for second quarter of 2011;
- Net loss for the three months ended June 30, 2012, amounted to $28,908, an increase over a net loss of $24,930 in the first quarter of 2012;
“The second quarter of 2012 was challenging for Bingo.com as despite increased gaming activity across many products, our revenues declined,” commented Jason Williams, Bingo.com’s CEO. “Our strategy with the second quarter was to reduce our marketing costs and focus on player development and retention, which was successful. While we achieved our objective of improving our total operating margin, low gross margins in our casino products late in the quarter and a negative impact from currency fluctuations combined to give us a net loss for the quarter. However, our task is to post an annual net profit for Bingo.com and with the third quarter off to a strong start we believe that milestone will still be reached.”
July 26, 2012
Bingo.com Announces Trading on the OTCQB
ANGUILLA, B.W.I., July 26, 2012 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced that its shares are now trading on the OTCQB marketplace through OTC Markets Group’s OTC Link® quotation platform. The Company’s shares no longer trade on the OTCBB quotation system.
“Many market makers and broker-dealers prefer an online electronic trading system such as the OTC Link ATS,” said Jason Williams, CEO of Bingo.com. “Because of this fact, many broker-dealers have moved away from the telephone-based OTCBB trading system, preferring to trade using the OTC Link platform. Therefore, Bingo.com’s move to the OTCQB marketplace and onto the OTC Link system is a positive change that will make trading our stock more transparent and efficient.”