Debt Holder Increases Position
VANCOUVER, Canada, May 28, 2002 / Bingo.com, Inc. (OTCBB: BIGR), operator
of the Internet's pre-eminent bingo portal, today announced that Bingo, Inc.,
an unrelated company, has purchased the $750,000 debenture previously held
by Redruth Ventures Inc.
Bingo, Inc. now holds 100% of the $1,250,000 convertible debenture dated April
16, 2001.
We are pleased with the progress that Bingo.com has been making, commented Donald Curtis,
Managing Director of Bingo, Inc. Their cost cutting measures have proven successful, and we
are excited about the future.
Tarrnie Williams, CEO of Bingo.com, Inc., is a potential beneficiary of Bingo, Inc.