Bingo.com, Ltd.
OTC Bulletin Board : BNGOF

Bingo.com, Ltd.

October 04, 2005 15:00 ET

Bingo.com Purchases Yankee Bingo

ANGUILLA, BRITISH WEST INDIES--(CCNMatthews - Oct. 4, 2005) - Bingo.com, Ltd. (OTCBB:BNGOF), operator of the Internet's pre-eminent bingo portal, is pleased to announce that it has purchased the popular cash bingo web site www.yankeebingo.com.

Bingo.com has completed an asset purchase of this site which includes the player cash deposits, URL, and player database for a sum to be determined by the number of active players in the database and the amount of revenue they generate for the Company over the next 12 months. Active players from this site will immediately have their accounts credited in the Bingo.com system and begin playing in the Bingo.com cash games.

"The acquisition of Yankee Bingo is another important step in Bingo.com's development as a online cash bingo business," commented Tarrnie Williams, the Company's CEO. "Bingo.com is completely focused on growing our active database of cash players through all available means including marketing and cash bingo website acquisition."

About Bingo.com

Bingo.com, Ltd. operates the popular web portal www.bingo.com offering free and cash games including multiplayer bingo, video poker, sweepstakes, slot machines, and more. With over 1,200,000 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, Ltd.

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