Bingo.com Announces Third Quarter Results

ANGUILLA, BRITISH WEST INDIES--(Marketwired - Nov. 12, 2014) - Bingo.com, Ltd. (OTCQB:BNGOF), owner of Trophy Bingo, an innovative, non-gambling, social bingo product, and the online gaming community http://www.bingo.com, today announced its unaudited financial results for the third quarter ended September 30, 2014. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.

Recent Bingo.com highlights include:

• Worldwide launch of Trophy Bingo in the Google Play Store and Apple App Store.
• Launch of Bingo.com's mobile casino games for players on phones and tablets.
• $700,000 private placement financing at $0.70 per share.
• Total revenue for the quarter ended September 30, 2014, was $385,601, a decrease of 11% from revenue of $431,185 in the second quarter of 2014.
• Sales and marketing expenses were $180,319 for the quarter ended September 30, 2014, a decrease of 12% from expenses of $205,825 in the second quarter of 2014.

"The third quarter of 2014 saw inroads into our mobile strategy in both of our business segments," said Jason Williams, Bingo.com's CEO. "In our European gambling business, our technology supplier delivered us with a mobile casino system which is now live in eligible countries for all visitors who come to www.bingo.com on phones or tablets. We intend on focusing our marketing efforts in the fourth quarter on growing our mobile customer base."

"In our social bingo business, the third quarter saw Trophy Bingo's launch in the Google Play Store for Android devices worldwide. Since the close of the third quarter, Trophy Bingo has also launched in the Apple App Store and the game remains in a period of live development and tuning as we prepare for large scale marketing efforts once our performance metrics reach our target levels. We anticipate increased revenues from Trophy Bingo each month with the major global campaigns commencing in early 2015."

Net loss for the three months ended September 30, 2014, amounted to ($458,910), a loss of ($0.01) per share, an increase in net loss compared to a net loss of ($350,351) or loss of ($0.01) per share in the second quarter of 2014 and an increase in net loss compared to net loss of ($96,956), income of ($0.01) per share, for the same period in 2013. Net income for the third quarter of 2014 before amortization of Trophy Bingo and the Trophy Bingo development expenses was $4,098, compared to a net income of $51,282 before amortization of Trophy Bingo and the Trophy Bingo development expenses in the second quarter of 2014.