Leading Independent Stock and Market Newsletter Sees Value in Bingo.com
MARINA DEL REY, Calif., Sept. 15 /PRNewswire/ -- Bingo.com Inc.
(OTC Bulletin Board: BIGR), a vertical Internet media and entertainment
company, announced today that The Kon-Lin Letter, known for years for its
leading technical and fundamental analysis, has rated Bingo.com as a "Buy" in
its September 2000 issue. The letter sited Bingo.com's unprecedented growth
rate and stickiness as reasons for its selection.
"The company has achieved phenomenal progress since launching its first
Free Bingo games in December '99 and has reached several remarkable
milestones, setting important benchmarks for Internet entertainment with its
uniquely innovative concepts," according to The Kon-Lin Letter. "BIGR appears
to be the hottest single site on the Internet and was recently named 'The
Stickiest Site on the Internet' by Nielsen/NetRatings, Inc., which is
certainly not reflected in its stock price as it trades in long-term support
where we would Add/Buy for a 1st objective up into the $2 1/2-$3 1/2 area."
Kon-Lin gives Bingo.com an ultimate price target of $6.00 to $7.00. Bingo.com
closed yesterday at $.84.
Bingo.com is diligently working towards its objective to become the
leading entertainment site through the incorporation of patent-pending
technology, to create an innovative and exciting daily user experience.
Bingo.com, which attracts a large diversified user base, has succeeded in
building brand awareness and is expanding the inventory of advertising
opportunities on its site, while continually broadening the site's content and
features. The quantifiable increase in the level of acceptance of Bingo.com
by its users has earned its title of the "stickiest" site on the Internet,
with an average per-user session in excess of 60 minutes.
"Bingo.com's success is owing to the International popularity of Bingo and
its focus on online entertainment, a sector that has fetched high valuations
in this ever-consolidating industry. The name of the game is 'eye-balls.'
The more people you have visiting your site and staying there for long periods
of time, the greater your value to advertisers. We have used innovative
technology to create what we think is a friendly and personalized community
atmosphere, which encourages lengthy visits by users," said Shane Murphy, CEO
of Bingo.com. "We are pleased to have been noticed by Konrad Kuhn, editor of
The Kon-Lin Letter, a long-standing Investment guru among low-priced stocks.
His consistent knack for picking quality under followed and undiscovered
stocks have earned his solid reputation in this sector."
Entertainment and game sites have become increasingly popular and are
showing extraordinary 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.
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 60 minutes, Bingo.com provides one of
the most enjoyable game experiences currently available on the Internet.
For more information about Bingo.com, please visit the company's Web site
at http://www.bingo.com.
Kon-Lin Research & Analysis Corp. is located at 5 Water Road, Rocky Point,
New York 11778. Subscriptions to The Kon-Lin Letter may be submitted via
e-mail: kon-lin@msn.com, via fax: 631.744.3096 or via telephone: 631.744.8536.