PRESS RELEASES

June 18, 2001

Bingo.com Moves Towards Profitability; Relocation to Canada Drastically Reduces Overhead

VANCOUVER, British Columbia, June 18 /PRNewswire/ — BINGO.COM LTD. (OTC Bulletin Board: BNGOF.OB – news) a fast growing entertainment site and application service provider (ASP), today announced that they are moving operations to Vancouver in an effort to reduce the company’s operating expenses.

Continue reading

June 6, 2001

Bingo.com Pushes Towards Launch of a Pay to Play Skill Based Bingo Game Targeted at the North American Market

MARINA DEL REY, Calif., June 6 /PRNewswire/ — BINGO.COM LTD. (OTC Bulletin Board: BNGOF.OB – news) a fast growing entertainment site and application service provider (ASP), today announced that they are developing an innovative skill based bingo game that will enable the company to operate Bingo in a ‘Play for Pay’ format in all of the jurisdictions that allow games of skill to be played for money.

Continue reading

Apr 24, 2001

Bingo.com Announces Financing with RedRuth Ventures INC.& Bingo INC. & Termination of Financing Plan W/Bounceback Technology

MARINA DEL REY, Calif., April 24 /PRNewswire Interactive News Release/ — Bingo.com, Inc. (OTC Bulletin Board: BIGR) announced that they have entered into a definitive agreement financing arrangement between the company, Redruth Ventures (RRV) and Bingo, Inc (BI). BIGR also announces that the financing talks with Bounceback Technologies have terminated.

The financing will see Bingo.com, Inc. issue a convertible debenture to RRV & BI in the amount of $1,250,000.00 due 3 years from the closing date with 12% interest payable annually. Additional terms of the debenture will include the right by RRV & BI to convert in to common shares of BIGR at the fixed price of $0.125 per share, BIGR will issue warrants giving RRV & BI the right to purchase an additional $3,000,000 worth of BIGR shares at a fixed price of $0.25 per share.

Shane Murphy the current Chairman, CEO and President of BIGR is pleased to announce the planned appointment of two new board members Mr. Mitch White and Mr. Randy Peterson. Mr. White is currently the founder and CEO of Cyop Systems International. Cyop is a software company developing e-commerce platforms for pay to play sites on the Internet. Mr. Peterson comes to Bingo.com with over 26 years experience as a police officer. Mr. Peterson is a recognized authority in matters related to Internet gaming and pay to play business practices.

Continue reading

Mar 28, 2001

Bingo.com Announces Financing Plan with Bounce Back Technologies.com, INC. and Termination of Merger Talks with Lottery Channel

Transaction Offers Stability and the Ability to Pursue Core Business Strategy

MARINA DEL REY, Calif., March 28 /PRNewswire/ — Bingo.com, Inc. (OTC Bulletin Board: BIGR) announced that they have entered into a letter of intent proposing a financing arrangement between the company and BounceBack Technologies (OTC Bulletin Board: BBTC) a Minnesota Corporation headquartered in Ocean Springs, Mississippi. BIGR also announces that the merger talks with The Lottery Channel, Inc. have terminated.

The proposed financing will see Bingo.com, Inc. issue a convertible debenture to Bounce Back Technologies.Com, Inc. in the amount of $1,250,000.00 due 3 years from the closing date with 12% interest payable annually. Additional terms of the debenture will include the right by BBTC to convert in to common shares of BIGR at the fixed price of $0.125 per share, BIGR will issue warrants giving BBTC the right to purchase an additional $3,000,000 worth of BIGR shares at a fixed price of $0.25 per share. At Closing BBTC will be given the right to name 4 members of an expanded 5 member BIGR Board, John J. Pilger the Chairman and CEO of BBTC will be named Chairman of BIGR, and Joseph M. Valandra, the new President and COO of BBTC will be named CEO of BIGR. Shane Murphy the current Chairman and CEO of BIGR will be named President and COO of BIGR.

Continue reading

Feb 27, 2001

Bingo.com Featured on RedHerring.com’s Shop Talk

MARINA DEL REY, Calif., Feb. 27 /PRNewswire/ — Bingo.com Inc. (OTC Bulletin Board: BIGR) a fast-growing entertainment site and game application service provider (ASP), today announced that the company has been featured on RedHerring.com’s Shop Talk, a leading on-line financial forum. The article, which ran in today’s forum, includes an interview with Bingo.com CEO, Shane Murphy, in which he discusses the company’s planned merger with Lottery.com and potential online lottery ticket sales.

The story is accessible at http://www.redherring.com.

During the interview, Shane Murphy said, “Although online lottery ticket sales represent a great future hope for us our core advertising, licensing and e-commerce business will remain our focus. The merger with Lottery.com also gives us co-branding and cross marketing opportunities that fall in line with our already established brand.”

Continue reading