PRESS RELEASES
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.
August 16, 2005
Bingo.com Announces Second Quarter Results
ANGUILLA, B.W.I., August 16, 2005 / Bingo.com, Ltd. (OTC BB: BNGOF), operator of the Internet’s pre-eminent bingo portal, today announced its financial results for the second quarter ended June 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 second quarter 2005 include:
- Bingo.com, Inc. completed a merger with its wholly-owned subsidiary Bingo.com, Ltd. with Bingo.com Ltd. being the surviving corporation.
- Completed a non-brokered private placement offering of 1,339,667 common shares at $0.75 per share which raised gross proceeds of $1,004,750.
- Launched its cash bingo games.