Bingo.com Announces Share Trading Concerns

ANGUILLA, B.W.I., August 15, 2008 / Bingo.com, Ltd. (OTC BB: BNGOF), operator of the popular online gaming community http://www.bingo.com, believes it important to provide it’s shareholders and the public with information of a material nature caused by important changes that have come into effect as a result of changes to regulations implemented by the British Columbia Securities Commission (“BCSC”).

On May 13, 2008, the BCSC enacted its rule 33-705: “Conditions of Registration for Investment Dealers that Trade in the U.S. Over-the-Counter Markets”. In essence, this change will require British Columbia securities dealers who wish to continue to trade in United States Over-the-Counter (“OTC”) securities to be subject to additional regulatory scrutiny and documentation. For those British Columbia securities dealers who are not willing to subject themselves to such additional regulation, the BCSC will require a written undertaking that they will not trade in OTC securities.

Continue reading

Bingo.com Announces Second Quarter Results

ANGUILLA, B.W.I., August 14, 2008 / Bingo.com, Ltd. (OTC BB: BNGOF), operator of the popular online gaming community http://www.bingo.com, today announced its unaudited financial results for the second quarter ended June 30, 2008. All amounts are presented in United States dollars and are in accordance with United States Generally Accepted Accounting Principles.

Bingo.com highlights of the second quarter of 2008 included:

• Total revenue of $1,415,858, up 5% from total revenue of $1,344,347 in the first quarter of 2008 and $1,135,844 in the fourth quarter of 2007.
• Net loss of $235,188 in the second quarter of 2008, down 10% from net loss of $262,543 in the first quarter of 2008 and down 30% from net loss before abnormal items of $336,968 in the fourth quarter of 2007.
• Completed a $600,000 non brokered private placement.

Continue reading

Bingo.com Closes $600,000 Private Placement

ANGUILLA, B.W.I., May 21, 2008 / Bingo.com, Ltd. (OTC BB: BNGOF), operator of the popular online gaming community http://www.bingo.com, today announced it has closed a private placement of 2 million common shares at $0.30 per share to raise net proceeds of $600,000. These shares were placed with non U.S. residents under Regulation S exemptions.

“Proceeds from the offering will be used to fund our expansion beyond the United Kingdom market” said Tarrnie Williams, the Company’s CEO. “In the near future we will be launching a Spanish version of our website and allowing players to deposit in various different major currencies. These initiatives will enable Bingo.com to continue to grow and expand its market share.”

For full details of the Company’s operations and financial results, please refer to the Securities and Exchange Commission website at www.sec.gov or the Bingo.com website at http://www.bingo.com.

Continue reading

Bingo.com Announces Year End & Fourth Quarter Results

ANGUILLA, B.W.I., March 22, 2011 / Bingo.com, Ltd. (OTC BB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced its financial results for the fourth quarter and the year ended December 31, 2010. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.

Bingo.com financial highlights for the year ended 2010 and of the fourth quarter of 2010 included:

• Total revenue for the year ended December 31, 2010 of $1,816,804, a decrease of 69% from revenue of $5,825,362 in the year ended December 31, 2009.
• Total gaming revenue for the year ended December 31, 2010, of $1,718,257, a decrease of 69% from revenue of $5,629,529 in the year ended December 31, 2009.
• Total loss after tax for the year ended December 31, 2010 of $878,972 an improvement of 26% compared to a loss of $1,188,051 for the year ended December 31, 2009.
• Total revenue for the quarter ended December 31, 2010, was $110,884, a decrease of 93% from revenue of $1,552,320 for the same period in the prior year and an increase of 14% from revenue of $97,509 in the third quarter of 2010.
• Total loss for the quarter ended December 31, 2010, was $260,682, an improvement of 9% from a loss of $286,943 for the same period in the prior year and a decline of 6% from a loss of $245,507 in the third quarter of 2010.

Continue reading

Bingo.com Announces Shareholder Changes 

ANGUILLA, B.W.I., November 18, 2010 / Bingo.com, Ltd. (OTC BB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced that Praetorian Capital Management LLC has sold all of its 8,675,999 shares representing 13.58% of the issued and outstanding shares of Bingo.com, Ltd.

“We would prefer not to be exiting this investment at this time,” said Harris Kupperman, CEO of Praetorian, “however tax considerations played a significant part in our decision and its timing.”

Continue reading