Bingo.com Announces Its ``Crack the Vault'' Contest With $100,000 Cash Prize.Business Editors and High-Tech Writers MARINA DEL REY Del Rey may refer to:
Bingo.com Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BIGR), Tuesday announced a promotional campaign aimed at building site traffic and registration activity for its free-play bingo Web site. The promotion, called "Crack the Vault Combo-Match" has a $100,000 cash prize for the person who can accurately guess the combination to the "cyber-vault". Visitors can register for free to get a chance to guess the correct numbers to crack the vault containing $100,000 in cash. "This marks the next step in the evolution of our business plan," said Shane Murphy, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bingo.com. "Although we primarily utilize free-play bingo games to bring traffic to the site, Bingo.com Inc. is a data accumulator A hardware register used to hold the results or partial results of arithmetic and logical operations. (processor) accumulator - In a central processing unit, a register in which intermediate results are stored. first and foremost, with the goal of attracting large volumes of traffic and then collecting demographic information about our registered members. This provides valuable information to a potential advertiser to serve highly targeted advertising that is demographically specific. This comprehensive data in turn maximizes the value of the advertising space on the Bing.com site." Bingo.com has contracted the services of SCA (Single Connector Attachment) An 80-pin plug and socket used to connect peripherals. With a SCSI drive, it rolls three cables (power, data channel and ID configuration) into one connector for fast installation and removal. Promotions for the "Crack the Vault Combo-Match" campaign. A policy underwritten by Lloyds of London Lloyds of London A marketplace in London for underwriting syndicates. insures the contest, which is operated much like a lottery. In the event that someone guesses the correct combination to the cyber-vault, the insurance policy will pay the $100,000 winning prize. Entertainment and game sites have become increasingly popular showing unprecedented growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. and value within the World Wide Web. Bingo.com is leveraging its Internet presence into a more comprehensive game arena where visitors will be able to play a variety of games and enjoy the chance to win Bingo Bucks, which are redeemable for a variety of prizes and cash. Bingo.com is creating a value based Web site backed by an extensive database of registered users and their buying preferences. With an average per-user session in excess of 40 minutes, Bingo.com provides one of the most enjoyable game experiences currently available on the Internet. For more information about Bingo.com, visit the company's Web site at www.bingo.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors including the ability of the company to successfully commercialize its new technologies as well as risk factors set forth under "Factors Affecting Future Operating Results" in the company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and such other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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