PRESS RELEASES
May 14, 2010
Bingo.com Announces First Quarter Results
ANGUILLA, B.W.I., May 14, 2010 / Bingo.com, Ltd. (OTC BB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced its preliminary unaudited financial results for the first quarter ended March 31, 2010. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
“Bingo.com was in a period of transition during the first quarter of 2010,” said Tarrnie Williams, the Company’s CEO. “Early in the quarter, Bingo.com changed to a new software system. While the transition to the system was smooth, the results were not positive enough to warrant a significant marketing investment in the competitive UK market. As we recognized a change in strategy was necessary, we began talks regarding a partnership with Unibet. During the quarter we signed on to the Unibet partner program. However, the technology required development and we were not able to go live until just this week, almost half way through the second quarter. The traffic to Bingo.com is strong and new player acquisitions are occurring from dozens of countries worldwide as we now support 23 languages on the Unibet platform. Now that our desired business strategy is in place, we believe it is only a matter of time before profitability will be achieved.”
May 5, 2010
Bingo.com Closes $2,250,000 Private Placement from Unibet
ANGUILLA, B.W.I., May 5, 2010 / Bingo.com, Ltd. (OTC BB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced it has closed a private placement from Unibet Group plc of 15 million common shares at $0.15 per share to raise net proceeds of $2,250,000. After issuance, the private placement represents 25.9% of Bingo.com. These shares were placed with Unibet Group plc, which is a non-U.S. resident under Regulation S exemptions.
“Bingo.com is pleased to have secured a private placement from Unibet,” said Tarrnie Williams, Bingo.com’s CEO. “With one of the World’s leading gaming operators as both an investor and operational partner, Bingo.com will now have the resources to support its brand in a number of emerging online bingo markets. We very much look forward to taking on a leading role in the expansion of online bingo worldwide.”
March 24, 2010
Bingo.com Announces Year End & Fourth Quarter Results
ANGUILLA, B.W.I., March 24, 2010 / 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 fourth quarter ended December 31, 2009. 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 2009 and of the fourth quarter of 2009 included:
- • Total revenue for the year ended December 31, 2009 of $5,825,362, an increase of 3% from revenue of $5,649,565 in the year ended December 31, 2008.
- • Total gaming revenue for the year ended December 31, 2009, of $5,629,529, an increase of 5% from revenue of $5,373,718 in the year ended December 31, 2008.
March 22, 2010
Bingo.com Partners with Unibet for Bingo Expansion
ANGUILLA, B.W.I., March 22, 2010 / Bingo.com, Ltd. (OTC BB: BNGOF), operator of the popular online gaming community http://www.bingo.com, today announced it has entered into a formal agreement to join the Unibet partner program as a network operator of their multi-language and multi-currency bingo and casino systems. Bingo.com players will be combined with the gaming liquidity on Unibet’s popular Mariabingo.com and Bingo.se websites to create one of the largest and most international online bingo systems in operation.
January 15, 2010
Bingo.com Selects Cozy Games as New Software Provider
ANGUILLA, B.W.I., January 15, 2010 / Bingo.com, Ltd. (OTC BB: BNGOF), operator of the popular online gaming community http://www.bingo.com, today announced that it has selected Cozy Games to be its new core software platform for bingo, slots, and other casino games. The games are now live at the Bingo.com website after a smooth transition to the new system.
“We’re excited to be live on the Cozy Games system,” said Tarrnie Williams, Bingo.com’s CEO. “We believe that with an improved bingo product, the addition of over 30 new slots games, the upcoming availability of our games over smart phones, and many other advanced features, Bingo.com will experience greater player values from both our existing and new players. Furthermore, we believe that with the Cozy Games software, Bingo.com is in an excellent position for continued growth by capturing market share from other operators due to having a unique and competitive product. The Cozy Games system also provides full multi-language and multi-currency support enabling Bingo.com to continue its expansion into new markets.”