PRESS RELEASES
Closes $500,000 Private Placement
Bingo.com Closes $500,000 Private Placement
ANGUILLA, B.W.I., March 31, 2014 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online bingo community http://www.bingo.com, today announced it has closed a private placement of 1,250,000 common shares at $0.40 per share to raise net proceeds of $500,000. The shares have been placed with a non-US private company.
“The funds raised in this private placement will be used to finance the on-going development and marketing of Trophy Bingo,” commented Jason Williams, Bingo.com’s CEO. “Trophy Bingo is a patent- pending social bingo product that is currently available worldwide on Android devices and will be coming to iOS and desktop platforms soon. While on-going modifications to the game continue, performance metrics thus far have outperformed our expectations and we remain confident in the game’s long-term potential.”
January 28, 2014
Bingo.com Closes $200,000 Private Placement
ANGUILLA, B.W.I., January 28, 2014 / 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 500,000 common shares at $0.40 per share to raise net proceeds of $200,000. The shares have been placed with a non-US private company.
“The funds raised in this private placement will be used to finance the on-going development and marketing of Trophy Bingo,” commented Jason Williams, Bingo.com’s CEO. “Trophy Bingo is a patent-pending social bingo product that will be available Worldwide on iOS and Android mobile devices soon. The game has completed its beta trials and while some additional modifications are being completed, performance metrics thus far have outperformed our expectations and we remain confident in the game’s potential.”
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.
January 24, 2014
Bingo.com Announces 2013 Year End Results
ANGUILLA, B.W.I., January 24, 2014 / Bingo.com, Ltd. (OTC Markets: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced its unaudited financial results for the fourth quarter and the year ended December 31, 2013. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Recent Bingo.com highlights include:
- Total revenue increased to $1,938,699 for the year ended December 31, 2013, an increase of 10% over revenue of $1,765,828 for the same period in the prior year.
- Total loss for the year ending December 31, 2013 was $814,178 compared to a loss of $46,235 for the year ending 2012.
- Completed transition to new desktop gaming platform in Q4 which enables a mobile and tablet solution to launch in the first quarter of 2014.
- Finalized beta testing of Trophy Bingo, our social casino game and completed preparations for a world wide launch on Android mobiles and tablets in the first quarter of 2014.
- Two separate financings in 2013 for a total of 2,000,000 common shares at $0.45 per share raising $900,000 in total.
“2013 was filled with highs and lows for Bingo.com,” said Jason Williams, the Company’s CEO. “During the year, we were completely focused on two strategic initiatives; to increase revenue in our cash gaming business, and to spearhead the development of our social casino game Trophy Bingo.”
October 30, 2013
Bingo.com Announces Third Quarter Results
ANGUILLA, B.W.I., October 30, 2013 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced its unaudited financial results for the period ending September 30, 2013. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Highlights from the quarter include:
- Total revenue for the nine months ended September 30, 2013, was $1,534,211, an increase of 26% from revenue of $1,211,797 from the nine months ending September 30, 2012.
- Completed transition to new desktop gaming platform enabling a mobile and tablet solution for the fourth quarter of 2013.>
- Finalized Trophy Bingo social casino game development modifications in preparation for a fourth quarter of 2013 world wide launch.
“The third quarter of 2013 was challenging,” said Jason Williams, Bingo.com’s CEO. “The quarter was difficult as we had to overcome the latent effects of our platform migration, an increasingly competitive market environment, and the challenge of marketing a desktop only product suite in a market increasingly dominated by mobile and tablet visitors. Bingo.com has been working closely with its technology provider to ensure that a mobile and tablet solution is delivered soon to ensure players can access the Bingo.com suite of games on all of their devices.”
July 23, 2013
Bingo.com Announces Q2 Results with a Return to Profitability
ANGUILLA, B.W.I., July 23, 2013 / 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, 2013. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Recent Bingo.com highlights include:
- • Profit of $10,449 for the quarter ended June 30, 2013 compared to a loss of ($471,189) in the first quarter of 2013 and a loss of ($28,908) in second quarter of 2012.
- • Fund raising of $900,000 at $0.45 per share in the quarter.
- • Beta launch of Trophy Bingo into the social casino market on iOS, Android, and Facebook.
- • Migration of Bingo.com website to a new platform on the Unibet system.
“We are very pleased with our return to profitability. With an increased focus on retention and monetization of the players we acquired in the first quarter, we were able to secure a small profit despite reduced gaming activity resulting from the website migration and a reduction in marketing spend.” said Jason Williams, Bingo.com’s CEO.