Press Releases 2015
ANGUILLA, B.W.I., August 12, 2015 / Shoal Games Ltd. (TSXV:SGW) (OTCQB:SGLDF) (http://www.shoalgames.com) announced today that its innovative free-to-play social bingo game, Trophy Bingo (http://www.trophybingo.com) is available worldwide on Android tablets and phones. The Company expects the Apple iOS release of Trophy Bingo to follow within the current month. The unique construction of Trophy Bingo creates an entirely new bingo game experience that appeals to players seeking a game that’s fun, easy-to-learn, and packed with new puzzle challenges.
Free-to-play social bingo games are grouped within the social casino segment of mobile games and are one of the highest monetizing segments of all social games. According to Eilers Research, the social casino segment alone is expected to generate revenues of 3.5 billion USD in 2015, up from 2.0 billion USD in 2013, or 38% growth. Eilers Research notes that mobile products now account for 61% of all social casino revenue. Despite this impressive growth, Eilers Research believes that social casino on mobile remains underpenetrated as it accounts for less than 10% of total mobile game revenues versus ~45% of Facebook game revenues. Trophy Bingo aims to join the highly successful social bingo games Bingo Blitz (acquired by Caesars Interactive) and Bingo Bash (acquired by the Game Show Network) in the Top 100 Grossing chart on Android, a level at which companies can make in excess of $1,000,000 in revenue per day.
ANGUILLA, B.W.I., June 30, 2015 / Shoal Games Ltd. (OTCQB: SGLDF) (“the Company”) http://shoalgames.com, owner of Trophy Bingo, an innovative, non-gambling, social bingo product, http://www.trophybingo.com, and it’s sponsor Haywood Securities Inc., announced today that at the open of the market on Thursday July 2nd 2015 the Company will commence trading on the TSX Venture Exchange as a tier 2 Technology Issuer under the trading symbol “SGW”. The Company also trades on the OTCQB under the trading symbol “SGLDF”.
“We’re excited that after more than 15 years of trading on the US OTC markets as a fully compliant SEC issuer we have now expanded our reach to include the entire Canadian marketplace,” said Tarrnie Williams, the Company’s Executive Chairman. “Shoal Games Ltd. is one of only a few publicly traded companies that enables investors to participate in the buoyant Social Games industry, joining industry leading firms such as NASDAQ listed King Digital (KING), Zynga (ZNGA) and Glu Mobile (GLUU). As the first of such companies to trade on a Canadian exchange, Shoal Games enables our Canadian investors to trade in a regular manner with their Canadian broker and / or using their TFSA (Tax Free Savings Account) and RSP (Retirement Savings Plan) accounts; http://www.cra-arc.gc.ca/tfsa/.”
ANGUILLA, B.W.I., May 13, 2015 / Shoal Games Ltd. (OTCQB: SGLDF) http://www.shoalgames.com (previously Bingo.com, Ltd.) (“the Company”), owner of Trophy Bingo, an innovative, non-gambling, social bingo game, http://www.trophybingo.com, today announced its unaudited financial results for the first quarter ended March 31, 2015. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Recent Shoal Games Ltd. highlights include:
- Total revenue for the quarter ended March 31, 2015 was $8,692, an increase of 16% from revenue of $7,514 in the first quarter of 2014.
- Cash of $2,258,784 and positive working capital of $2,256,398 as at March 31, 2015.
- Changed the name of the Company from Bingo.com, Ltd. to Shoal Games Ltd.
- Developed the marketing strategy for the third quarter world wide launch of Trophy Bingo
- Launched new company website at http://www.shoalgames.com
“The first quarter of 2015 was busy with corporate re-branding, strategic planning, and game development,” said Jason Williams, the Company’s CEO. “During the quarter we launched a new version of the Shoal Games website (http://www.shoalgames.com) which highlights our focus, strategy, and team. In addition, we continue to make progress with the Trophy Bingo marketing strategy which will be put into action when the enhanced version of the game is released early in the third quarter. We believe we are in a good position to acquire users from the bingo and casual player demographics into Trophy Bingo within our target acquisition prices,” continued Williams.
ANGUILLA, B.W.I., February 19, 2015 / Shoal Games Ltd. (OTCQB: SGLDF) http://www.shoalgames.com (previously Bingo.com, Ltd.) (“the Company”), owner of Trophy Bingo, an innovative, non-gambling, social bingo game, http://www.trophybingo.com, today announced its unaudited financial results for the fourth quarter and the year ended December 31, 2014. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Shoal Games 2014 highlights include:
- Total income for the year ending December 31, 2014 was $5,062,233 compared to a loss of $787,863 for the year ending 2013.
- Total revenue from continuing operations increased to $32,470 for the year ended December 31, 2014, an increase of 23% over revenue from continuing operations of $26,398 for the same period in the prior year.
- Sale of the URL www.bingo.com and gambling business to Unibet Group plc for $8 million.
- Three separate financings in 2014 for a total of 2,750,000 common shares raising $1,400,000 in total.
- Soft Launch of Trophy Bingo, our social casino game in the fourth quarter of 2014.
“2014 was a busy and pivotal year for Shoal Games,” commented Jason Williams, the Company’s CEO. “We successfully divested the Company of the domain name www.bingo.com and the associated online gambling business in exchange for $2,000,000 cash and the return of 15,000,000 of Shoal Games’ common shares which have since been cancelled. This transaction allowed us to successfully exit the online gambling industry which we believe to be mature and facing increasing threats from taxation, regulation, and competition.”
ANGUILLA, B.W.I., January 26, 2015 / Shoal Games Ltd. (OTCQB: SGLDF) (“the Company”), owner of Trophy Bingo, an innovative, non-gambling, social bingo product, http://www.trophybingo.com, today announced it has changed its name to “Shoal Games Ltd.” effective January 22, 2015. The Company’s new trading symbol on the OTCQB is “SGLDF” effective at the open of business on January 27, 2015. The Company’s new CUSIP number is G8111D103.
The Company also announces that Ms. Ebba Ljungerud, the board representative for Unibet Group, plc has resigned as a director of the Company effective today.
“We are pleased to have completed this step of our corporate reorganization and wish to thank Ms. Ljungerud for her contribution to the previous phase of the Company’s development.” said Jason Williams, Shoal Games Ltd.’s CEO. “We will be making further announcements in the coming weeks as we continue through the current transition of our business.”