Shareholders Approve All Proposed Resolutions
VANCOUVER, Canada, October, 10, 2002 / Bingo.com, Inc. (OTC BB: BIGR), operator of the
Internet's pre-eminent bingo portal, held its annual general meeting in Vancouver on
Tuesday, October 8th, 2002. Sixty-seven percent of the shareholders were represented
either in person or by proxy and passed all the proposed resolutions by at least a 97%
majority.
Mr. Peter A. Crossgrove and Mr. Tarrnie M. Williams, the CEO, were reappointed as the
directors of the Company and Davidson and Company continue as the Company's auditors.
The shareholders also approved, by over 97%, proposals authorizing the Board of Directors
to effect a reverse split of the company's common stock at a ratio of up to one-for-five
and to increase the number of authorized shares of the company's common stock to 100,000,000
shares, should such actions appear to be in the best interest of the company in the future.
The shareholders were also advised at the meeting of the Company's no-cost acquisition of a
UK subsidiary, Bingo.com (UK) plc which has no significant operations at the moment.