PRESS RELEASES
Shoal Games Ltd. Announces 2014 Year End Results
ANGUILLA, B.W.I., February 19, 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 fourth quarter and the year ended December 31, 2014. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Shoal Games 2014 highlights include:
- Total income for the year ending December 31, 2014 was $5,062,233 compared to a loss of $787,863 for the year ending 2013.
- Total revenue from continuing operations increased to $32,470 for the year ended December 31, 2014, an increase of 23% over revenue from continuing operations of $26,398 for the same period in the prior year.
- Sale of the URL www.bingo.com and gambling business to Unibet Group plc for $8 million.
- Three separate financings in 2014 for a total of 2,750,000 common shares raising $1,400,000 in total.
- Soft Launch of Trophy Bingo, our social casino game in the fourth quarter of 2014.
“2014 was a busy and pivotal year for Shoal Games,” commented Jason Williams, the Company’s CEO. “We successfully divested the Company of the domain name www.bingo.com and the associated online gambling business in exchange for $2,000,000 cash and the return of 15,000,000 of Shoal Games’ common shares which have since been cancelled. This transaction allowed us to successfully exit the online gambling industry which we believe to be mature and facing increasing threats from taxation, regulation, and competition.”
Bingo.com, Ltd. Completes its name and Symbol change to Shoal Games Ltd. and SGLDF
ANGUILLA, B.W.I., January 26, 2015 / Shoal Games Ltd. (OTCQB: SGLDF) (“the Company”), owner of Trophy Bingo, an innovative, non-gambling, social bingo product, http://www.trophybingo.com, today announced it has changed its name to “Shoal Games Ltd.” effective January 22, 2015. The Company’s new trading symbol on the OTCQB is “SGLDF” effective at the open of business on January 27, 2015. The Company’s new CUSIP number is G8111D103.
The Company also announces that Ms. Ebba Ljungerud, the board representative for Unibet Group, plc has resigned as a director of the Company effective today.
“We are pleased to have completed this step of our corporate reorganization and wish to thank Ms. Ljungerud for her contribution to the previous phase of the Company’s development.” said Jason Williams, Shoal Games Ltd.’s CEO. “We will be making further announcements in the coming weeks as we continue through the current transition of our business.”
Bingo.com Sells URL and Online Gambling Business to Unibet Group plc
ANGUILLA, B.W.I., December 31, 2014 / Bingo.com, Ltd. (OTCQB: BNGOF) (“the Company”), owner of Trophy Bingo, an innovative, non-gambling, social bingo product, and the online gambling community http://www.bingo.com, today announced it has sold its URL www.bingo.com and its online gambling community to Unibet Group plc (“Unibet”) for total consideration of $8,000,000 effective December 31, 2014. The Company will now be able to focus solely on its social bingo game, Trophy Bingo.
The Company is receiving cash consideration of $2,000,000 and redemption of the 15,000,000 common shares of the Company, which are held by Unibet, at a price of $0.40 per share. The 15,000,000 common shares held by Unibet have been returned to the Company’s treasury for cancellation. Accordingly, the Company’s issued common share capital has decreased by 21.22%, from 70,682,703 to 55,682,703 common shares.
Bingo.com Announces Third Quarter Results
ANGUILLA, B.W.I., November 12, 2014 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of Trophy Bingo, an innovative, non-gambling, social bingo product, and the online gaming community http://www.bingo.com, today announced its unaudited financial results for the third quarter ended September 30, 2014. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Recent Bingo.com highlights include:
- Worldwide launch of Trophy Bingo in the Google Play Store and Apple App Store.
- Launch of Bingo.com’s mobile casino games for players on phones and tablets.
- $700,000 private placement financing at $0.70 per share.
- Total revenue for the quarter ended September 30, 2014, was $385,601, a decrease of 11% from revenue of $431,185 in the second quarter of 2014.
- Sales and marketing expenses were $180,319 for the quarter ended September 30, 2014, a decrease of 12% from expenses of $205,825 in the second quarter of 2014.
“The third quarter of 2014 saw inroads into our mobile strategy in both of our business segments,” said Jason Williams, Bingo.com’s CEO. “In our European gambling business, our technology supplier delivered us with a mobile casino system which is now live in eligible countries for all visitors who come to www.bingo.com on phones or tablets. We intend on focusing our marketing efforts in the fourth quarter on growing our mobile customer base.”
Trophy Bingo Launches Worldwide in the Apple App Store
ANGUILLA, B.W.I., October 16, 2014 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of Trophy Bingo, an innovative, non-gambling, social bingo product, and the online gaming community http://www.bingo.com, today announced it has launched Trophy Bingo worldwide in the Apple App Store.
Trophy Bingo, now live in the Apple App Store, and live in the Google Play store since August 12th, is a puppy themed social bingo adventure where players must win their way through 120 levels of bingo challenges. The game includes many innovations for social bingo including new power plays, a map progression system, unique game types, card blockers, bonus bingo rounds, and a bingo combo system. Trophy Bingo is free to download and supports in-app purchases for players who find themselves in need of extra bingos or want to engage with the premium power plays contained in the game.