Bingo.com Surpasses 30 Million Bingo Cards Played; 50% Growth in Registered Users.Business Editors/High Tech Writers MARINA DEL REY Del Rey may refer to:
Bingo.com Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BIGR) Continuing to execute its strategy to become a premier online destination for Web-based bingo entertainment, Bingo.com Thursday announced it has surpassed yet another milestone of 30 million bingo cards Bingo cards are used to play various bingo games, including U.S. style bingo and UK style Housie. Cards are usually made of cardboard or non-reusable paper, but more and more bingo halls are beginning to use computerized cards. played and 150,000 registered users. Since the beginning of the year, Bingo.com has experienced an average monthly growth rate for new registered users of approximately 65 percent, which can be directly attributed to the company's highly innovative content development strategy. Bingo.com logs in excess of 450,000 unique visitor sessions per month, with an average visitor session length of more than 60 minutes. The company's rapid growth since launching its first games just six months ago is further reflected in its advertising sales success, in which more than 50 national advertisers are displayed on the site at any given time. "The milestone of reaching 30 million Bingo cards played truly emphasizes Bingo.com's success in building brand awareness, which continues to create significant revenue opportunities," said Shane Murphy, chief executive officer of Bingo.com. "We intend to add to this positive momentum in the coming weeks with additional marketing and promotional programs designed 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>. our popularity. This operational milestone also shows that we are well on our way to achieving our objective of becoming a truly unique online entertainment destination and through the creation of a profit driven business model, we expect to establish greater equity value for our shareholders." 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. With an average per-user session in excess of 60 minutes, Bingo.com provides one of the most enjoyable game and community experiences 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 here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" or to reflect the occurrence of unanticipated events. |
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