PRESS RELEASES
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.”
December 5, 2012
Bingo.com Closes $450,000 Private Placement
ANGUILLA, B.W.I., December 5, 2012 / 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 further expand Bingo.com’s marketing activity and finance internal projects,” commented Jason Williams, Bingo.com’s CEO.
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.
November 14, 2012
Bingo.com Announces Third Quarter Results
ANGUILLA, B.W.I., November 14, 2012 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced its unaudited financial results for the third quarter ended September 30, 2012. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Recent Bingo.com highlights include:
- Net Income for the three months ended September 30, 2012 amounted to $29,002 compared to net loss of ($28,908) in the third quarter of 2012;
- Total revenue for the quarter ended September 30, 2012, was $457,748, an increase of 32% from revenue of $347,742 in the second quarter of 2012.
“The third quarter of 2012 was a strong one for Bingo.com,” commented Jason Williams, Bingo.com’s CEO. “Our strategy in the quarter was to increase our marketing activity to generate a large inflow of new players and increase our revenues. Our marketing during the quarter was well received by our target demographic and gaming activity on Bingo.com was improved across all categories. While many challenges remain, we are confident that with the current strategy in place, Bingo.com will continue to grow its player base, increase its revenues, and generate profits in future quarters.”
October 25, 2012
Bingo.com Closes $450,000 Private Placement
ANGUILLA, B.W.I., October 25, 2012 / Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced it has closed a 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 expand Bingo.com’s marketing activity and finance internal projects,” commented Jason Williams, Bingo.com’s CEO.
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.
August 13, 2012
Bingo.com Announces Second Quarter Results
ANGUILLA, B.W.I., August 13, 2012 / 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, 2012. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Recent Bingo.com highlights include:
- A profit from continuing operations before foreign exchange of $47 compared to a loss from continuing operations of ($65,061) in the first quarter of 2012;
- Total revenue for the quarter ended June 30, 2012, was $347,743, a decrease of 4% from revenue of $363,492 for second quarter of 2011;
- Net loss for the three months ended June 30, 2012, amounted to $28,908, an increase over a net loss of $24,930 in the first quarter of 2012;
“The second quarter of 2012 was challenging for Bingo.com as despite increased gaming activity across many products, our revenues declined,” commented Jason Williams, Bingo.com’s CEO. “Our strategy with the second quarter was to reduce our marketing costs and focus on player development and retention, which was successful. While we achieved our objective of improving our total operating margin, low gross margins in our casino products late in the quarter and a negative impact from currency fluctuations combined to give us a net loss for the quarter. However, our task is to post an annual net profit for Bingo.com and with the third quarter off to a strong start we believe that milestone will still be reached.”