50% Growth in Registered Users
MARINA DEL REY, Calif., May 25, 2000 - Bingo.com Inc. (OTC BB: BIGR)
Continuing to execute its strategy to become a premier online destination for Web-based
bingo entertainment, Bingo.com announced today it has surpassed yet another
milestone of 30 million bingo cards played and 150 thousand 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, CEO 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 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 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.