Shoal Games Ltd. Announces First Quarter Results

ANGUILLA, B.W.I., May 9, 2016 / Shoal Games Ltd. (TSXV:SGW) (OTCQB:SGLDF) http://www.shoalgames.com (“the Company”), owner of Trophy Bingo (http://www.trophybingo.com), a mobile game live in the Apple, Google and Amazon App Stores, and Garfield Bingo, currently in production and scheduled for a Q4 2016 release, today announced its unaudited financial results for the first quarter ended March 31, 2016. All amounts are presented in United States dollars and are in accordance with United States Generally Accepted Accounting Principles.

Recent Shoal Games Ltd. highlights include:

• Total revenue for the quarter ended March 31, 2016, was $110,559, an increase of 29% from revenue of $85,535 in the fourth quarter of 2015.
• Sales and marketing expenses from continuing operations were $201,587 for the quarter ended March 31, 2016, a decrease of 40% from sales and marketing expenses of $337,130 in the fourth quarter of 2015.
• MGABPPU (Monthly Gross Average Bookings Per Purchasing User) was $22.38, an increase of 28% from MGABPPU of $17.51 in the fourth quarter of 2015.
• Subsequent to the quarter ended March 31, 2016, the Company secured the brand rights to produce Garfield Bingo.
• Subsequent to the quarter end, the Company closed the first phase of it’s $2 million private placement for 1,504,600 common shares at $0.60 / share which raised proceeds of CAD$ 902,760.

Continue reading

Shoal Games Ltd. Closes First Stage of $2 Million Private Placement

ANGUILLA, B.W.I., May 5th, 2016 / Shoal Games Ltd. (TSX-V “SGW”) (OTCQB: “SGLDF”) (“the Company”), announces that it has closed on the distribution of 1,504,600 common shares at $0.60 per share (the “Offering”) which raised proceeds of CAD$ 902,760. The Offering was conducted in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario with subscribers qualified under the Offering Memorandum exemption available in section 2.9 of National Instrument 45-106. Stockhouse Publishing hosted the Offering through its online Deal Room.

The Company is seeking to close the balance of its $2 million private placement through the participation of qualified accredited investors. Closing of the second stage of the private placement is scheduled for the end of May 2016. Stockhouse Publishing will continue to host the Offering through its online Deal Room at www.Stockhouse.com. Shares issued on closing of the Offering have a four month hold period from the date of issue. Final approval of the TSX Venture Exchange has been received for the Offering.

Continue reading

Fundamental Research Analyst Idea of the Week

April 18, 2016 | Shoal Games Ltd. (TSXV: SGW) announced today that it has licensed the rights to Garfield, the iconic cartoon cat and the protagonist of the Garfield comic strips. Paws Inc. is the sole owner of the copyrights and trademarks of Garfield.

This deal allows Shoal Games to launch a mobile game that will feature Garfield and the rest of the famous Garfield cast. Shoal estimates that the new Garfield Bingo game will be launched in late 2016. According to management, the game will instantly appeal and capture the attention of the 17 million Facebook fans of Garfield. As a result, management expects much lower player acquisition costs for the new game. They estimate that the Garfield mobile apps have generated over 30 million downloads since inception.

Continue reading

Shoal Games Ltd. Announces Garfield Bingo License

ANGUILLA, B.W.I., April 18, 2016 / Shoal Games Ltd. (TSXV:SGW) (OTCQB:SGLDF) http://www.shoalgames.com (“the Company”), owner of Trophy Bingo, an innovative, non-gambling, social bingo game, http://www.trophybingo.com, today announced that it has licensed the rights to Garfield, Jim Davis’ iconic cartoon cat. The deal enables Shoal Games to launch a mobile game that will feature Garfield, Odie, and the rest of the famous Garfield cast. Garfield has attracted over 200 million readers and is the most widely syndicated comic strip in the world.

“We’re thrilled to be working with the Garfield team on the creation of their first ever mobile bingo game,” commented Jason Williams, Shoal Games CEO. “Garfield is the perfect brand for mobile bingo because his character is so entertaining, his audience enormous, and his fan base matches our player demographic perfectly. According to recognition statistics, 94% of audiences of all ages are familiar with Garfield, which is equal to Santa Claus and higher than the Easter Bunny. When Garfield Bingo is launched, scheduled for late 2016, it will appeal to Garfield’s 17 million Facebook fans and join a range of Garfield mobile apps that have generated more than 30 million downloads since inception,” continued Williams.

Continue reading

Shoal Games Ltd. Files 2015 Form 10-K and Audited Financial Statements and Provides Update on Current Activities

ANGUILLA, B.W.I., March 16, 2016 / Shoal Games Ltd. (TSXV:SGW) (OTCQB:SGLDF) http://www.shoalgames.com (“the Company”), owner of Trophy Bingo, an innovative, non-gambling, social bingo game, http://www.trophybingo.com, today filed its Form 10-K and audited financial statements for the year ended December 31, 2015. For full details of the Company’s operations and financial results, please refer to the Securities and Exchange Commission website at www.sec.gov or the Shoal Games Ltd. corporate website at http://investor.shoalgames.com or on the http://www.sedar.com website.
Analyst Conference Call

An Analyst call including an investor Q&A session with Shoal Games CEO Jason Williams and Executive Chairman Tarrnie Williams will be hosted by Sid Rajeev, Senior analyst at Fundamental Research Corp., authors of the initiating Research Report on Shoal Games Ltd. dated March 1, 2016, will be held tomorrow, March 17th at 10 am PST (1 pm EST). Below are the conference details:

Continue reading