PRESS RELEASES
August 18, 2000
Bingo.com Reports Results for Second Quarter; Company Doubles Registered User Base, Unique Visitors Per Day
BINGO.COM REPORTS RESULTS FOR SECOND QUARTER; -COMPANY DOUBLES REGISTERED USER BASE, UNIQUE USERS PER DAY
MARINA DEL REY, Calif., Aug. 18 /PRNewswire/ — Bingo.com, Inc. (OTC Bulletin Board: BIGR), a leading online entertainment company, today announced its results for the quarter ended June 30, 2000.
The company contracted approximately $250,000 in business during the quarter, which includes co-branding agreements and other business that will stretch into future months. This will be booked as revenue over the term of the various agreements and as work is performed. For the quarter ended June 30, 2000, the company reported $57,588 in revenues compared to no revenues for the quarter ended June 30, 1999. Revenues resulted primarily from advertising and the sale of advertising banners on the company’s Web site. The company recorded $28,600 in barter revenue with a corresponding cost of revenue of $28,600 included in marketing expenses.
At June 30, 2000, cash and cash equivalents were $1,747,277 versus $4,594,304 at June 30, 1999. Working capital position at June 30, 2000 was $1,101,101 compared to $4,880,199 at June 30, 1999. Marketing, advertising, software and Web site development costs totaled $208,698 for the quarter ended June 30, 2000, compared to $217,704 for the quarter ended June 30, 1999. As of June 30, 2000 the company had 10 full-time employees and four regular consultants located in its principal executive offices in California. Audience growth and usages during the quarter remained strong. The company had 211,092 registered users as of June 30, 2000, compared to 106,779 at March 31, 2000, representing a growth rate of 97% for the second quarter. The company experienced a 32% increase in its quarterly growth rate over the first quarter of 2000. During the second quarter of 2000, the company attracted in excess of 27,000 unique visitors per day to its Web site, compared to 15,000 in the first quarter of 2000. During the second quarter of 2000, the average visitor session length grew from an average of approximately 50 minutes to over 60 minutes.
August 16, 2000
Bingo.com Enhances Infrastructure and Serves 100 Millionth Bingo Card to Players
Relationships to Increase Performance and Scalability of Bingo.com
MARINA DEL REY, Calif., Aug. 16 /PRNewswire/ — Bingo.com Inc. (OTC Bulletin Board: BIGR) announced today it has entered into agreements with Level 3 Communications (Nasdaq: LVLT), Sun Microsystems (Nasdaq: SUNW), and Oracle Corp. (Nasdaq: ORCL).
Bingo.com has taken important steps toward enhancing technology infrastructure for its game portal, http://www.bingo.com. The product of the Level 3 and Sun Microsystems relationships now provide Bingo.com with complete scalability using state-of-the-art equipment and high-speed networks. This increased capacity allows Bingo.com to rapidly expand its business to meet the phenomenal growth that the company is experiencing.
The company’s scheduled migration to the Oracle database platform in September will complete the improvements required to upgrade Bingo.com’s technology infrastructure to be on par with other global Web providers such as eBay and Yahoo.
June 8, 2000
Market Pathways to Showcase Bingo.com at Discovery Expo 2000 in New York
IRVINE, Calif., June 08, 2000 – Market Pathways Financial Relations Incorporated, a full-service financial public relations firm specializing in representing small and mid-cap public companies, today announced that it will showcase one of its clients, Bingo.com, Inc. (OTC BB: BIGR) at the Discovery Expo, on June 15, 2000, at the New York Hilton & Towers.
Entertainment and game sites have become increasingly popular and are showing unprecedented growth rates and value within the World Wide Web. Bingo.com is leveraging its Internet presence into a more comprehensive game arena where visitors will be able to play a variety of bingo and other games and enjoy the chance to win points, which can translate into a variety of prizes. With an average per-user session in excess of 60 minutes, Bingo.com provides one of the most enjoyable game and community experiences available on the Internet.
June 1, 2000
Bingo.com Surpasses 40 Million Bingo Cards Played
More Than One Million Average Player Minutes Per Day
MARINA DEL REY, Calif., June 01, 2000 – Bingo.com Inc. (OTC BB: BIGR), a vertical Internet media and entertainment company, announced today that it will surpass yet another milestone today of 40 million bingo cards played and an average of more than one million player minutes spent on the site daily. The company is also launching its newest game, Tiki Bingo, today. It is available to registered users and can be played at http://www.bingo.com.
“We intend to capitalize on this amazing growth through existing advertising arrangements under which we receive revenues based on the number of times an advertisement is displayed throughout our site, commonly referred to as cost per thousand impressions, or CPMs,” said Shane Murphy, CEO of Bingo.com. “We will also leverage this explosive growth into new relationships with potential sponsorship arrangements under which advertisers sponsor a game or portion of one on our Web site in exchange for which we receive a fixed payment. In addition, we will attempt to elevate our brand through strategic partnership arrangements under which our potential strategic partners will offer co-branded versions of our games on their Web sites and display advertising in connection with the use of our games, in return for which we receive revenues from the related advertising. Bingo.com is experiencing an extraordinary popularity, which should prove extremely profitable for us if we can manage to keep up with demand.”
May 25, 2000
Bingo.com Surpasses 30 Million Bingo Cards Played
50% Growth in Registered Users
MARINA DEL REY, Calif., May 25, 2000 – Bingo.com Inc. (OTC BB: BIGR) Continuing to execute its strategy to become a premier online destination for Web-based bingo entertainment, Bingo.com announced today it has surpassed yet another milestone of 30 million bingo cards played and 150 thousand registered users.
Since the beginning of the year, Bingo.com has experienced an average monthly growth rate for new registered users of approximately 65 percent, which can be directly attributed to the company’s highly innovative content development strategy. Bingo.com logs in excess of 450,000 unique visitor sessions per month, with an average visitor session length of more than 60 minutes. The company’s rapid growth since launching its first games just six months ago is further reflected in its advertising sales success, in which more than 50 national advertisers are displayed on the site at any given time.