June 18, 2001
Bingo.com Moves Towards Profitability; Relocation to Canada Drastically Reduces Overhead
VANCOUVER, British Columbia, June 18 /PRNewswire/ — BINGO.COM LTD. (OTC Bulletin Board: BNGOF.OB – news) a fast growing entertainment site and application service provider (ASP), today announced that they are moving operations to Vancouver in an effort to reduce the company’s operating expenses.
Shane Murphy, Chairman, CEO and President of Bingo.com, said, “The Company can employ the same caliber of professional staff in Vancouver at a reduced cost. Although the team that worked so hard for the Company in California was second to none the Company’s priority is profitability. While advertising revenue continues to be strong the Company is gearing up for the launch of its much-anticipated pay to play skill based bingo game. We are extremely excited about the launch of our upcoming pay to play game and the enormous opportunity that it presents for Bingo.com. By creating the lowest cost professional infrastructure possible the Company will be in a position to maximize its profitability.”