ANGUILLA, BRITISH WEST INDIES — (Marketwired) — 04/08/13 — Bingo.com, Ltd. (OTCQB: BNGOF), owner of the popular online gaming community , today announced it has closed an additional private placement of one million common shares at $0.45 per share to raise net proceeds of $450,000. The shares have been placed with a non-US private company.
“The funds raised in this private placement will be used to finance the marketing launch of Bingo.com-s innovative multi-platform social bingo game that has been under development for the past several months,” commented Jason Williams, Bingo.com-s CEO. “Prior to the global launch of our unique bingo game we will perform extensive live market beta testing in select jurisdictions commencing early in the second quarter. The period of beta testing will enable us to refine and improve our bingo game before the global launch which is expected early in the third quarter of fiscal 2013. Testing will occur on all platforms supported by the game including phones and tablets operating Apple iOS and Google Android systems as well as online on Facebook.”
For full details of the Companies operations and financial results, please refer to the Securities and Exchange Commission website at or the Bingo.com website at .
About Bingo.com
Bingo.com, Ltd. (OTCQB: BNGOF) is the parent company of the Bingo.com group of companies which own the popular online gaming community . 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. The Bingo.com website has attracted millions of visitors from over 200 countries and 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.unibet.com). Bingo.com, Ltd. (OTCQB: BNGOF) trades on the OTCQB, the venture marketplace for companies that are current in their reporting with a U.S. regulator. Investors can find real time quotes and market information for the Company at http://www.otcmarkets.com/stock/BNGOF/quote.
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 29, 2013, 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.
Contacts:
Bingo.com, Ltd.
Henry Bromley
(264) 461-2646
(264) 498-3805 (FAX)
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