CYOP CYOP Systems International Inc. Acquires Ownership of BiG'r Bingo, Bingo.com Retains Perpetual License
VANCOUVER, Canada, May 24, 2002 / Bingo.com, Inc. (OTCBB: BIGR), operator
of the Internet's pre-eminent bingo portal, today announced the sale of their
skill-based bingo game, BiG’r Bingo. CYOP Systems International Inc.
(CYOP) has acquired all rights to the BiG’r Bingo game including the
software, the web site located at www.bigrbingo.com, the trademark “BiG’r Bingo”, and rights and responsibilities to the BiG’r Bingo customer database.
In exchange for ownership of the BiGr Bingo game, CYOP has agreed to absorb all past and
on-going software maintenance charges relating to BiGr Bingo. In addition, CYOP has granted
Bingo.com a perpetual worldwide license to the skill-based bingo game, BiGr Bingo.