June 16, 2011
ANGUILLA, B.W.I., June 16, 2011 / Bingo.com, Ltd. (OTC BB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced that it has appointed Jason Williams as President and CEO of the Bingo.com organization. Mr. Tarrnie Williams, who has been Chairman, President, and CEO of the Company since 2001, will continue to serve as Chairman of Bingo.com’s board of directors. Other matters approved at today’s Annual General Meeting, held in The Valley, Anguilla, included the election of Ebba Ljungerud, Head of Maria Bingo within the Unibet Group, to the Company’s board of directors; the reappointment of the current Bingo.com board members excepting Petter Nylander, the previous Unibet Group representative; the appointment of Davidson & Company LLP, Chartered Accountants as independent auditors for the Company for the 2010 fiscal year; and other general business items which all passed as proposed.
“It’s now been over a decade since I assumed control of Bingo.com and I’m confident the organization is once again on the path to financial success,” said Tarrnie Williams. “Therefore, the board and I agree that the time has come for Jason Williams to assume the roles of President and CEO of Bingo.com. Jason, a member of the management team since 2001, has been leading our operations in Europe for the past four years as Bingo.com’s Vice President of Business Development and Marketing Director. We’re confident Jason has the skills, vision, and experience to make Bingo.com a success. I look forward to working with Jason in the years to come and will continue to assist him in my role as Chairman.”
“I would like to thank the Bingo.com board for selecting me to lead the organization,” said Jason Williams. “While many challenges remain, I believe that the foundations have now been laid to return Bingo.com to profitability. I plan to continue our targeted marketing efforts and work closely with our platform provider Unibet to grow the Bingo.com player base and increase our player lifetime values. Bingo.com has tremendous potential and I welcome the challenge of delivering positive financial returns to our investors and shareholders. Finally, I would like to welcome Ebba Ljungerud to our board and look forward to working with her on the development of Bingo.com.”
Jason Williams has served as Vice-President, Business Development for Bingo.com since September 2001 and Marketing Director of Bingo.com since 2009. Mr. Williams has been responsible for spearheading the marketing and new business initiatives of Bingo.com including the partnership with Unibet, PLC. Previously, Mr. Williams was a Business Development representative at Blue Zone Inc., a Vancouver technology company and a Business Analyst with RBC Dominion Securities in Toronto. Mr. Williams has a bachelor of Commerce degree from the University of Victoria and has undertaken a Masters of Business Administration from Warwick University in the United Kingdom.
Ms. E. Ljungerud has served as Head of Maria Bingo within the Unibet Group and is responsible for white labels as well as Unibet’s own bingo and casino sites, since May 2010. She has over ten years of experience from the media industry working as Marketing Director as well as Executive Vice President for Swedish companies, focusing mainly on print and online media. She has worked in the gaming industry since 2007 and has international experience from several different gaming brands. Ms. E. Ljungerud holds a degree in Economics from Lund University, Sweden.
Bingo.com, Ltd. (OTC BB: BNGOF) is the parent company of the Bingo.com group of companies which own the popular online gaming community http://www.bingo.com. The Bingo.com website offers multiplayer bingo, slot machines, sweepstakes, and more. Players come together from around the world to chat, share, play and win at Bingo.com. With over 1,995,000 registered users http://www.bingo.com is one of the most recognized and most visited bingo entertainment destinations on the Internet. Bingo.com operates its multi-language and multi-currency bingo and casino system as part of the Unibet partner program (http://www.poweredbyunibet.com).
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by the company) contains statements that are forward-looking, such as statements relating to anticipated future success of the company. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of the company. For a description of additional risks and uncertainties, please refer to the company’s filings with the Securities and Exchange Commission. Specifically, readers should read the Company’s Annual Report on Form 10-K, filed with the SEC on March 21, 2011, and the prospectus filed under Rule 424(b) of the Securities Act on March 9, 2005 and the SB2 filed July 17, 2007, for a more thorough discussion of the Company’s financial position and results of operations, together with a detailed discussion of the risk factors involved in an investment in Bingo.com, Ltd.
For more information contact:
- Henry Bromley
- (264) 461-2646