Bingo.com Becomes an Anguilla, B.W.I. Registered Company
via COMTEX
April 6, 2005
VANCOUVER, British Columbia, Apr 06, 2005 (BUSINESS WIRE) --
Bingo.com, Inc. (OTCBB:BIGR), announced today that effective April 6, 2005, it has completed the merger with its wholly owned subsidiary Bingo.com, Ltd. The surviving corporation of the merger is Bingo.com, Ltd. which is domiciled in Anguilla, British West Indies. All of the outstanding common shares of Bingo.com, Ltd. were registered by the Company and Bingo.com, Ltd. under an S-4 registration statement dated March 3, 2005. The S-4 registration statement which went effective on March 8, 2005, provides full particulars of the merger and may be viewed at the Securities and Exchange Commission website www.sec.gov/.
The principal reason for the Company's merger with its subsidiary Bingo.com, Ltd. was to facilitate the Company's reincorporation under the International Business Companies Act of Anguilla, B.W.I. Anguilla, B.W.I. is a corporate tax free jurisdiction. Effective Thursday, April 7, 2005, the shares of Bingo.com, Ltd. will trade under the new ticker symbol "BNGOF". Shareholders of Bingo.com, Inc. automatically become shareholders of Bingo.com, Ltd. without having to take further action. However, shareholders wishing to exchange Bingo.com, Inc. share certificates for share certificates of Bingo.com, Ltd. may request a transmittal letter from the Company.
"Bingo.com's steady growth and increased profitability made it prudent for the company to change its domicile to the tax free jurisdiction of Anguilla, B.W.I., a British Dependent Territory," remarked Tarrnie Williams, CEO of Bingo.com.
About Bingo.com
Bingo.com operates the popular web portal www.bingo.com offering free games including multiplayer bingo, video poker, sweepstakes, slot machines, and more. With over 1,000,000 registered users and more than 800 new users everyday, www.bingo.com is one of the most recognized and most visited Bingo entertainment destinations on the web.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by the company) contains statements that are forward-looking, such as statements relating to anticipated future success of the company. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of the company. For a description of additional risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission. Specifically, readers should read the Company's Annual Report on Form 10-KSB, filed with the SEC on March 21, 2005, and the prospectus filed under Rule 424(b) of the Securities Act on March 9, 2005, for a more thorough discussion of the Company's financial position and results of operations, together with a detailed discussion of the risk factors involved in an investment in Bingo.com, Inc.
Bingo.com, Inc. (OTC Bulletin Board:BIGR)
SOURCE: Bingo.com, Inc.
Bingo.com, Inc. Henry Bromley (604) 694-0300 ir@bingo.com www.bingo.com
Copyright Business Wire 2005
