Bingo.com Surpasses 10 Million Bingo Cards Played; Bingo.com Sets Internet Benchmark of 60-Minute Average User Session.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), a vertical Internet media and entertainment company, Thursday announced that it has reached several important operational milestones, including surpassing 10 million bingo cards played, registering its one hundred thousandth user and setting a new Internet See Web 2.0 and Internet2. benchmark for per average user sessions A count of how many times all users access a Web site regardless whether the same person came back several times during the measurement period. If a user leaves and returns within a short time, some systems count those sessions as one. Contrast with unique visitors. See also user session. at 60 minutes. Bingo.com's rapid growth can be credited to management's highly focused, cost-efficient development strategy, which has produced an entertaining user experience on a robust and scalable technology platform. By creating a highly scalable solution, Bingo.com can quickly and cost-effectively expand its service to meet the growing demand for its games and to leverage the inherent opportunities that Bingo.com's 60-minute average user session presents. In three short months, Bingo.com has achieved dramatic growth following a fundamental shift in its business model in late 1999 from a speculative and legally questionable wagering concept, to a non-waging, free play vertical entertainment business strategy. Since the beginning of the year, Bingo.com has developed unique bingo games using JAVA software; established a value-added technology alliance with eCal Corp., a leading electronic calendar technology developer; and has begun what Bingo.com expects will be a long and prosperous relationship with Cox Interactive, a top-tier on and offline sales and marketing firm that specializes in single-site representation advertising programs. "Reaching 10 million Bingo cards played this soon is indicative of the company's remarkable potential to deliver in the Internet media and entertainment market," said Shane Murphy 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. "We have been dedicated to creating value through diligent planning and careful execution of a very specific plan. We will continue to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. this momentum to create additional shareholder value with the launch of new products and innovative services in the coming month." Entertainment and game sites have become increasingly popular and are 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 bingo-based games and enjoy the chance to win points, which can translate into a variety of prizes. Bingo.com is creating a value based Web site, which will be backed by an extensive database of registered users and their buying preferences. With an average per-user session in excess of 50 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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