More Than One Million Average Player Minutes Per Day
MARINA DEL REY, Calif., June 01, 2000 - Bingo.com Inc. (OTC BB: BIGR),
a vertical Internet media and entertainment company, announced today that
it will surpass yet another milestone today of 40 million bingo cards played
and an average of more than one million player minutes spent on the site daily.
The company is also launching its newest game, Tiki Bingo, today. It is available to registered
users and can be played at http://www.bingo.com.
"We intend to capitalize on this amazing growth through existing advertising arrangements
under which we receive revenues based on the number of times an advertisement
is displayed throughout our site, commonly referred to as cost per thousand
impressions, or CPMs," said Shane Murphy, CEO of Bingo.com. "We will also
leverage this explosive growth into new relationships with potential sponsorship
arrangements under which advertisers sponsor a game or portion of one on our
Web site in exchange for which we receive a fixed payment. In addition, we
will attempt to elevate our brand through strategic partnership arrangements
under which our potential strategic partners will offer co-branded versions
of our games on their Web sites and display advertising in connection with
the use of our games, in return for which we receive revenues from the related
advertising. Bingo.com is experiencing an extraordinary popularity, which
should prove extremely profitable for us if we can manage to keep up with
demand."
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 and other 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.