PRESS RELEASES
Shoal Games Launches Trophy Bingo Worldwide on Apple iPhones and iPads
ANGUILLA, B.W.I., September 8, 2015 / Shoal Games Ltd. (TSXV:SGW) (OTCQB:SGLDF) (http://www.shoalgames.com) announced today that its innovative free-to-play social bingo game, Trophy Bingo (http://www.trophybingo.com) joins its recently released Android version and is now also available worldwide on Apple iOS iPhones and iPads. The unique construction of Trophy Bingo creates an entirely new bingo game experience that appeals not only to bingo players but to all social game players seeking a game that’s fun, easy-to-learn, and packed with new puzzle challenges.
Trophy Bingo aims to join the highly successful social bingo games Bingo Blitz (acquired by Caesars Interactive) and Bingo Bash (acquired by the Game Show Network) in the Top 100 Grossing charts, a level at which companies can make in excess of $1,000,000 in revenue per day. Social bingo games are grouped within the social casino segment of mobile games and are one of the highest monetizing segments of all social games. According to Eilers Research, the social casino segment alone is expected to generate revenues of 3.5 billion USD in 2015, up from 2.0 billion USD in 2013, a 38% growth rate. Eilers Research notes that mobile products now account for 61% of all social casino revenue. Despite this impressive growth, Eilers Research believes that social casino on mobile remains underpenetrated as it accounts for less than 10% of total mobile game revenues versus approximately 45% of Facebook game revenues.
Shoal Games Ltd. Announces Second Quarter Results
ANGUILLA, B.W.I., August 13, 2015 / Shoal Games Ltd. (TSXV:SGW) (OTCQB:SGLDF) http://www.shoalgames.com (previously Bingo.com, Ltd.) (“the Company”), owner of Trophy Bingo, an innovative, non-gambling, social bingo game, http://www.trophybingo.com, today announced its unaudited financial results for the second quarter ended June 30, 2015. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Recent Shoal Games Ltd. highlights include:
- Completion of our corporate rebranding to Shoal Games Ltd. in preparation for our August 2015 world wide launch of Trophy Bingo, our social game three years in development.
- Cash of $1,834,42 and positive working capital of $1,710,927 as at June 30, 2015.
- Successful application to list on the TSX Venture Exchange with our shares commencing trading on July 2, 2015 with the symbol SGW.
Shoal Games Launches Trophy Bingo Worldwide on Android
ANGUILLA, B.W.I., August 12, 2015 / Shoal Games Ltd. (TSXV:SGW) (OTCQB:SGLDF) (http://www.shoalgames.com) announced today that its innovative free-to-play social bingo game, Trophy Bingo (http://www.trophybingo.com) is available worldwide on Android tablets and phones. The Company expects the Apple iOS release of Trophy Bingo to follow within the current month. The unique construction of Trophy Bingo creates an entirely new bingo game experience that appeals to players seeking a game that’s fun, easy-to-learn, and packed with new puzzle challenges.
Free-to-play social bingo games are grouped within the social casino segment of mobile games and are one of the highest monetizing segments of all social games. According to Eilers Research, the social casino segment alone is expected to generate revenues of 3.5 billion USD in 2015, up from 2.0 billion USD in 2013, or 38% growth. Eilers Research notes that mobile products now account for 61% of all social casino revenue. Despite this impressive growth, Eilers Research believes that social casino on mobile remains underpenetrated as it accounts for less than 10% of total mobile game revenues versus ~45% of Facebook game revenues. Trophy Bingo aims to join the highly successful social bingo games Bingo Blitz (acquired by Caesars Interactive) and Bingo Bash (acquired by the Game Show Network) in the Top 100 Grossing chart on Android, a level at which companies can make in excess of $1,000,000 in revenue per day.
Shoal Games Ltd. to list on the TSX Venture Exchange as SGW
ANGUILLA, B.W.I., June 30, 2015 / Shoal Games Ltd. (OTCQB: SGLDF) (“the Company”) http://shoalgames.com, owner of Trophy Bingo, an innovative, non-gambling, social bingo product, http://www.trophybingo.com, and it’s sponsor Haywood Securities Inc., announced today that at the open of the market on Thursday July 2nd 2015 the Company will commence trading on the TSX Venture Exchange as a tier 2 Technology Issuer under the trading symbol “SGW”. The Company also trades on the OTCQB under the trading symbol “SGLDF”.
“We’re excited that after more than 15 years of trading on the US OTC markets as a fully compliant SEC issuer we have now expanded our reach to include the entire Canadian marketplace,” said Tarrnie Williams, the Company’s Executive Chairman. “Shoal Games Ltd. is one of only a few publicly traded companies that enables investors to participate in the buoyant Social Games industry, joining industry leading firms such as NASDAQ listed King Digital (KING), Zynga (ZNGA) and Glu Mobile (GLUU). As the first of such companies to trade on a Canadian exchange, Shoal Games enables our Canadian investors to trade in a regular manner with their Canadian broker and / or using their TFSA (Tax Free Savings Account) and RSP (Retirement Savings Plan) accounts; http://www.cra-arc.gc.ca/tfsa/.”
Shoal Games Ltd. Announces First Quarter Results
ANGUILLA, B.W.I., May 13, 2015 / Shoal Games Ltd. (OTCQB: SGLDF) http://www.shoalgames.com (previously Bingo.com, Ltd.) (“the Company”), owner of Trophy Bingo, an innovative, non-gambling, social bingo game, http://www.trophybingo.com, today announced its unaudited financial results for the first quarter ended March 31, 2015. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Recent Shoal Games Ltd. highlights include:
- Total revenue for the quarter ended March 31, 2015 was $8,692, an increase of 16% from revenue of $7,514 in the first quarter of 2014.
- Cash of $2,258,784 and positive working capital of $2,256,398 as at March 31, 2015.
- Changed the name of the Company from Bingo.com, Ltd. to Shoal Games Ltd.
- Developed the marketing strategy for the third quarter world wide launch of Trophy Bingo
- Launched new company website at http://www.shoalgames.com
“The first quarter of 2015 was busy with corporate re-branding, strategic planning, and game development,” said Jason Williams, the Company’s CEO. “During the quarter we launched a new version of the Shoal Games website (http://www.shoalgames.com) which highlights our focus, strategy, and team. In addition, we continue to make progress with the Trophy Bingo marketing strategy which will be put into action when the enhanced version of the game is released early in the third quarter. We believe we are in a good position to acquire users from the bingo and casual player demographics into Trophy Bingo within our target acquisition prices,” continued Williams.