PRESS RELEASES
July 5, 2004
Bingo.com, Inc. announces Elimination of Long Term Debt
VANCOUVER, Canada, July 5th, 2004 / Bingo.com, Inc. (OTC BB: BIGR), operator of the Internets pre-eminent bingo portal, announces the early election to convert Debenture “B” and the accrued interest thereon into share capital of the Company by the holders of Debenture “B” in accordance with the Debenture “B” agreement.
The holders of Debenture “B” elected on July 2, 2004 to convert the Debenture “B” of $145,000 into 966,667 shares of the company at a rate of $0.15 per share and to convert the accrued interest of $34,895.36 on Debenture “B” into 174,477 shares of the Company at a rate of $0.20 per share.
“The conversion of this Debenture now removes our long term debt, thereby significantly reducing our interest expense and our stockholders deficit”, remarked Tarrnie Williams, the Companys President and CEO.
April 19, 2004
Bingo.com, INC. Announces Debenture Conversion Into Share Capital
VANCOUVER, Canada, April 19th, 2004 / Bingo.com, Inc. (OTC BB: BIGR), operator of the Internet’s pre-eminent bingo portal, announced the completion of the conversion of Debenture “A” and the accrued interest thereon into share capital of the Company.
The Debenture “A” of $1,250,000 was converted into 10,000,000 shares of the company at a rate of $0.125 per share. In addition the accrued interest of $400,667 on Debenture “A” was converted in 2,003,334 shares of the Company at a rate of $0.20 per share.
April 5, 2004
Bingo.com Announces Fourth Quarter and Year End Results
VANCOUVER, Canada, April 5th, 2004 / Bingo.com, Inc. (OTC BB: BIGR), operator of the Internet’s pre-eminent bingo portal, today announced its financial results for the fourth quarter and year end December 31, 2003. 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 2003 year with total revenue of $888,888, a 24% increase over the previous year�s revenue of $717,192. Revenue for the fourth quarter of 2003 increased to $273,713 from $158,345 a year earlier, an increase of 73%. 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 throughout the year.
November 14, 2005
Bingo.com Announces Third Quarter Results
ANGUILLA, B.W.I., November 14, 2005 / Bingo.com, Ltd. (OTC BB: BNGOF), operator of the Internet’s pre-eminent bingo portal, today announced its financial results for the third quarter ended September 30, 2005. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Bingo.com highlights of the third quarter of 2005 include:
- Profit of $46,965, the fifth consecutive positive quarter.
- Total revenue of $465,733, a 2% increase over revenue of $457,339 in the second quarter of 2005.
- Successful completion of the first full quarter of Cash Bingo gaming operations.
- Cash Bingo revenue of $197,873, an increase of 356% over Cash Bingo revenue of $43,361 that was generated over a six week period in the second quarter of 2005.
October 4, 2005
Bingo.com Purchases Yankee Bingo
ANGUILLA, B.W.I., October 4, 2005 / Bingo.com, Ltd. (OTC BB: BNGOF), operator of the Internet’s pre-eminent bingo portal, is pleased to announce that it has purchased the popular cash bingo web site yankeebingo.
Bingo.com has completed an asset purchase of this site which includes the player cash deposits, URL, and player database for a sum to be determined by the number of active players in the database and the amount of revenue they generate for the Company over the next 12 months. Active players from this site will immediately have their accounts credited in the Bingo.com system and begin playing in the Bingo.com cash games.