PRESS RELEASES
May 29, 2002
Bingo.com, Inc. Appoints Steve Moriya As Senior Account Executive
Experienced Executive to Drive Advertising Revenue Growth
VANCOUVER, Canada, May 29, 2002 / Bingo.com, Inc. (OTCBB: BIGR), operator of the Internet’s pre-eminent bingo portal, today announced the appointment of Steve Moriya as Bingo.com’s Senior Account Executive in charge of advertising sales. Mr. Moriya has extensive online experience as both a media buyer and seller. He has worked for a number of interactive gaming and online organizations, including the immensely popular entertainment destination, Pogo.com. Mr. Moriya will be responsible for driving Bingo.com’s revenue growth from both existing and new clientele.
May 28, 2002
Bingo, Inc. Purchases $750,000 Debenture From RedRuth Ventures Inc.
Debt Holder Increases Position
VANCOUVER, Canada, May 28, 2002 / Bingo.com, Inc. (OTCBB: BIGR), operator of the Internet’s pre-eminent bingo portal, today announced that Bingo, Inc., an unrelated company, has purchased the $750,000 debenture previously held by Redruth Ventures Inc.
Bingo, Inc. now holds 100% of the $1,250,000 convertible debenture dated April 16, 2001.
We are pleased with the progress that Bingo.com has been making, commented Donald Curtis, Managing Director of Bingo, Inc. Their cost cutting measures have proven successful, and we are excited about the future.
May 24, 2002
Bingo.com, Inc. Sells Skill-Bingo
CYOP CYOP Systems International Inc. Acquires Ownership of BiG’r Bingo, Bingo.com Retains Perpetual License
VANCOUVER, Canada, May 24, 2002 / Bingo.com, Inc. (OTCBB: BIGR), operator of the Internet’s pre-eminent bingo portal, today announced the sale of their skill-based bingo game, BiG’r Bingo. CYOP Systems International Inc. (CYOP) has acquired all rights to the BiG’r Bingo game including the software, the web site located at www.bigrbingo.com, the trademark “BiG’r Bingo”, and rights and responsibilities to the BiG’r Bingo customer database.
May 23, 2002
Bingo.com, Inc. Retires Outstanding Warrant Held by RedRuth Ventures Inc.
Company Cancels Warrant for 7,200,000 Shares Convertible at $0.25
VANCOUVER, Canada, May 14, 2002 / Bingo.com, Inc. (OTCBB: BIGR), operator of the Internet’s pre-eminent bingo portal, today announced its financial results for the three months ended March 31, 2002. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
May 14, 2002
Bingo.com Announces First Quarter Results
Results show improvement in working capital and cash flow
VANCOUVER, Canada, May 14, 2002 / Bingo.com, Inc. (OTCBB: BIGR), operator of the Internet’s pre-eminent bingo portal, today announced its financial results for the three months ended March 31, 2002. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Bingo.com, Inc. (the “Company”) ended the first quarter of 2002 with total revenue of $237,000, a 59% decrease over revenue of $583,000 for the same period in the previous year. The majority of the Company’s revenue was earned from the sale of advertising on its Web portal, www.bingo.com, which experienced strong traffic during the quarter.