Bingo.com Closes $2,250,000 Private Placement from Unibet

Bingo.com, owner of popular online gaming community today announced it has closed a private deal from Unibet Group plc of 15 million common shares at $0.15 per share to raise net proceeds of $2,250,000. After the deal was made 25.9% of Bingo.com became represented by the private shares. Those shares were placed with Unibet Group plc, which is a non-U.S. resident under Regulation S exemptions.

Tarrnie Williams, Bingo.com’s CEO said, “Bingo.com is pleased to have secured a private placement from Unibet,” Bingo.com will now have the resources to support its brand in a number of emerging online bingo markets. With one of the World’s leading gaming operators as both an investor and operational partners Bingo.com is looking forward to taking on a leading role in the expansion of online bingo worldwide.”

Petter Nylander, CEO Unibet has said, “Investing in Bingo.com, one of the strongest bingo brand names in the industry, is exciting for us. We believe in the power of the Bingo.com URL and believe that Bingo.com will be a leader in online bingo for years to come. We look forward to expanding our businesses together in existing and new markets.

Based on leading software, social media features and all the components needed to offer a turn-key gaming solution, Unibet has developed an online gaming platform (http://www.poweredbyunibet.com) and offers partners to be part of a bingo & casino network.

About Bingo.com
Bingo.com, Ltd is the parent company of the Bingo.com group of companies which own the popular online gaming community http://www.bingo.com. The Bingo.com group offers,slot machines, multiplayer bingo, sweepstakes, and more. Players from around the world come together to chat, share, play and win at Bingo.com. With over 1,975,000 registered users http://www.bingo.com is one of the most popular and most visited bingo entertainment destinations on the Internet.

About Unibet
In 1997 Unibet was created and is an online gambling company that is listed on NASDAQ OMX Nordic Exchange in Stockholm. Unibet is one of the largest privately-owned gambling operators in the European market and provides services in 27 languages through www.unibet.com. Today, Unibet has more than 4.1 million customers in over 100 countries. Unibet is a member of the EGBA, European Gaming and Betting Association, RGA, Remote Gambling Association in the UK and is certified by G4, Global Gaming Guidance Group.