PRESS RELEASES
June 17, 2013
Bingo.com Launches New Website
ANGUILLA, B.W.I., June 17, 2013 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced it has successfully migrated to a new website and gaming platform.
“The technology behind Bingo.com is state of the art,” said Jason Williams, Bingo.com’s CEO. “We have been working in partnership with Unibet for a considerable time to bring Bingo.com onto this new platform which will allow access to a much wider range of games in the casino portfolio, enable advanced player targeting with bonuses, and many other new features. However, the most critical advantage that Bingo.com gains from this migration is that we’re now on the platform required for us to offer mobile and tablet gaming to our customers. While this portion of our offering is not yet enabled, Bingo.com and Unibet will be working together to take Bingo.com’s games to mobile and tablet devices as quickly as possible.”
June 5, 2013
Bingo.com Closes $450,000 Private Placement
ANGUILLA, B.W.I., June 4, 2013 / 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 finance the worldwide launch of Bingo.com’s multi-platform social bingo game,” commented Jason Williams, Bingo.com’s CEO. “The initial results of the beta testing of Trophy Bingo have been positive and we are preparing for the global launch of the brand once some product refinements are complete.”
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.
May 15, 2013
Bingo.com Announces First Quarter Results
ANGUILLA, B.W.I., May 15, 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 first quarter ended March 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 for the quarter ended March 31, 2013, was $590,199, an increase of 45% from revenue of $406,307 in the first quarter of 2012 and an increase of 7% from revenue of $549,104 in the fourth quarter of 2012.
- Successful launch into new territory expands player base and gaming volume to record levels for the group.
“The first quarter of 2012 went according to plan,” said Jason Williams, Bingo.com’s CEO. “Our aggressive marketing efforts have increased Bingo.com’s European player base and gaming volumes to record levels for the Company. While it’s disappointing to have a loss, we had anticipated our increased marketing spend would put us in the red for the short-term. However, our marketing continues to be well received and our player acquisition costs are within targets. The second quarter will see a reduced marketing spend as we consolidate our position and focus on the monetization of our now significantly larger player base.”
“The second quarter is already historic for us as Bingo.com has returned to the North American market with its entry into the social casino segment with Trophy Bingo,” continued Williams. “With the game is entering its beta testing phase, we are enthusiastic about our innovative product and its potential in the global online bingo industry.”
Total revenue for the quarter ended March 31, 2013, was $590,199, an increase of 45% from revenue of $406,307 for first quarter of 2012 and an increase of 7% from revenue of $549,104, in the fourth quarter of 2012. Gaming Revenue was $582,760, an increase of 51% in the quarter ended March 31, 2013, compared Gaming Revenue of $386,925 in the first quarter of 2012 and an 6% increase from revenue of $549,104 in the fourth quarter of 2012. This increase compared to the first and fourth quarter of 2012 is due to an increase in players as a result of increased marketing. We earned advertising revenue of $7,439 in the quarter ended March 31, 2013, a decrease of 62% from advertising revenue of $19,382 in the first quarter of 2012 and an increase of 51% from advertising revenue of $4,927 in the fourth quarter of 2012.
May 6, 2013
Bingo.com Launches Social Bingo Game Into Beta
ANGUILLA, B.W.I., May 6, 2013 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced it has launched the beta version of Trophy Bingo, its innovative proprietary social bingo product.
Released in select test markets only, Trophy Bingo is a multi-platform social bingo game available on smart phones and tablets running Apple iOS and Google Android systems as well as online on Facebook. Trophy Bingo is a ‘best of breed’ dog-show themed bingo adventure where players win their way to the best in show blue ribbon. The beta release was simultaneous to all supported platforms and beta testing is on-going as Bingo.com fine tunes the monetization and player progression of the product. It is expected that a period of four to six weeks of beta testing will be done before releasing Trophy Bingo worldwide on the App Store, Google Play, and Facebook.
“The beta release of Trophy Bingo is an important step to completing Bingo.com’s entry into the social casino marketplace,” said Jason Williams, Bingo.com’s CEO. “While we remain focused on our gambling strategy in target European markets, Trophy Bingo will enable Bingo.com to monetize its substantial North American traffic which arrives naturally to www.bingo.com. Americans and Canadians are some of the most avid bingo players in the world and now Bingo.com has an innovative new product to offer them. We are very excited about this new addition to Bingo.com’s business strategy.”
February 19, 2013
Bingo.com Announces 2012 Year End & Profitable Q4 Results
ANGUILLA, B.W.I., February 19, 2013 / Bingo.com, Ltd. (OTC BB: 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, 2012. 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 $1,765,827 for the year ended December 31, 2012, an increase of 25% over revenue of $1,416,658 for the same period in the prior year.
- Total loss for the year ending December 31, 2012 was $46,235 compared to a loss of $689,016 for the year ending 2011.
- Total profit for the quarter ended December 31, 2012, was $38,606, an improvement of 26% from profit of $30,638 for the same period in the prior year and an increase of 33% from a profit of $29,002 in the third quarter of 2012;
- Total revenue for the quarter ended December 31, 2012, was $554,031, an increase of 42% from revenue of $389,390 for the same period in the prior year and an increase of 21% from revenue of $457,748 in the third quarter of 2012;
- Two separate financings in Q4 2012, of 1,000,000 common shares each, both at $0.45 per share raising $900,000 in total.
“2012 was an excellent year for Bingo.com,” said Jason Williams, the Company’s CEO. “With our restructuring complete, we commenced an aggressive marketing strategy to increase revenue as quickly, and cost effectively, as possible. With each quarter in 2012 showing improved profitability we feel our strategy is working. We will continue this aggressive approach in existing markets, and expand into new territories in 2013.”
“The financings,” said Williams, “were completed to fund our marketing efforts and the development of special internal projects. Bingo.com will be entering the social, free-to-play bingo market with an innovative multi-platform game. The game is scheduled to launch as a beta product early in the second quarter of this year. Bingo.com intends to continue investing in the strategies and areas that have the greatest potential for revenue growth and profits.”