Wednesday April 10,2013 : BINGO.COM RAISES $450,000 IN NEW CAPITAL
Private placement brings in the bucks for BVI-registered company
Bingo.com has secured a private placing of one million common shares at $0.45 per share from an undisclosed, non-US private company
"The funds raised in this private placement will be used to finance the marketing launch of Bingo.com's innovative multi-platform social bingo game that has been under development for the past several months," CEO Jason Williams revealed Tuesday.
"Prior to the global launch of our unique bingo game we will perform extensive live market beta testing in select jurisdictions commencing early in the second quarter.
"The period of beta testing will enable us to refine and improve our bingo game before the global launch which is expected early in the third quarter of fiscal 2013. Testing will take place on all platforms supported by the game including phones and tablets operating Apple iOS and Google Android systems as well as online on Facebook."
Bingo.com, Ltd. is the parent company of the Bingo.com group of companies which owns an online gaming community offering multiplayer bingo, slot machines and sweepstakes.
The company operates multi-language and multi-currency internet bingo and casino enterprises as part of the Unibet partner program.