Bingo.com Announces Third Quarter Results

ANGUILLA, B.W.I., November 10, 2009 / Bingo.com, Ltd. (OTC BB: BNGOF), operator of the popular online gaming community http://www.bingo.com, today announced its preliminary unaudited financial results for the third quarter ended September 30, 2009. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.

“The effects of the economic downturn were evident in our third quarter results,” said Tarrnie Williams, the Company’s CEO. “Online bingo players have become quite sophisticated and, with an increase in the number of similar product offerings, individual player values have contracted. In anticipation of this fact, we invested significant resources during the third quarter into a differentiated product that will soon be ready for release. The fourth quarter has started well and, when our new offering is live, we expect the business to be well positioned to return to growth and profitability.”

Bingo.com highlights for the third quarter of 2009 included:

• Third quarter gaming revenue of £852,513, an increase of 9% from gaming revenue of £781,948 for the third quarter of the prior year and a decrease of 11% from gaming revenue of £957,040 in the second quarter of 2009 when measured in Pounds Sterling, our depositing currency.
• Net loss of $390,432 in the third quarter of 2009
• Financed and installed new system architecture to host new games and new features

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Bingo.com Announces Second Quarter Results

ANGUILLA, B.W.I., August 14, 2009 / 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, 2009. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.

“The second quarter of 2009 was a challenge for Bingo.com” said Tarrnie Williams, the Company’s CEO. “While our traffic and revenues continue to increase, the competition in the United Kingdom online bingo market is intense and has resulted in a reduction of individual player values. Our costs have increased due to our Maltese gaming license, affiliate marketing costs, and our continued investment into search engine optimization. We recognize that to capture a higher percentage of the online bingo market share and reach profitability we need to offer our players a unique gaming experience. As we put cost saving measures in place and continue to focus on improving the Bingo.com system, we believe we will achieve profitability in the coming quarters.”

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Bingo.com Closes $225,000 Private Placement

ANGUILLA, B.W.I., May 6, 2009 / 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 1.5 million common shares at $0.15 per share to raise net proceeds of $225,000. One million of these shares were placed with Praetorian Offshore Ltd., a non U.S. resident under Regulation S exemptions. With this placement, Praetorian’s shareholding will increase to 18.95% of Bingo.com, Ltd. The remaining 500,000 shares were placed with another non U.S. resident under Regulation S exemptions.

“The funds from this private placement will be used to finance marketing initiatives in the United Kingdom, support expansion into new markets and act as a hedge against the rapidly changing currency markets we operate in.” said Tarrnie Williams, the Company’s CEO. “Bingo.com is currently live in English and Spanish and we plan to launch at least two new languages and two new currencies in 2009. These developments, combined with our increased visibility in the United Kingdom, will enable Bingo.com to attract and retain bingo and slots players from around the world.”

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Bingo.com Announces First Quarter Results

ANGUILLA, B.W.I., May 15, 2009 / 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 first quarter ended March 31, 2009. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.

“We’ve had a very pleasing first quarter of 2009” said Tarrnie Williams, the Company’s CEO. “We are now operating from Malta and, therefore are now permitted to advertise our gaming products in the United Kingdom. In addition, the latest version of the Bingo.com website is our most popular yet, and has helped Bingo.com to reach the highest player acquisition levels we’ve ever recorded. We continue to focus on launching our products into new markets as well as expanding the features and games available to play on Bingo.com. We believe that as we add new features, new languages, and new currencies, and the international currency markets become more settled, that our revenues will increase and profitability will be achieved.”

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Bingo.com Launches Gaming System in Malta

ANGUILLA, B.W.I., March 9, 2009 / Bingo.com, Ltd. (OTC BB: BNGOF), operator of the popular online gaming community http://www.bingo.com, today announced that its wholly-owned Malta subsidiary, Bingo.com Operations Limited has launched its enhanced online gaming system under a Maltese gaming license and is subject to regulation by the Malta Lotteries and Gaming Authority.

“Launching Bingo.com from Malta is a significant step forward for our organization”, said Tarrnie Williams, the Company’s CEO. “We are now free to begin marketing in the United Kingdom and are able to expand the reach of our affiliate program to new and popular websites. We believe these initiatives in the UK, combined with our aggressive multi-language and multi-currency approach in other jurisdictions will ultimately prove successful for Bingo.com.”

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