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Bingo.com the operators of a very popular online bingo community have released un-audited financial statements for their second quarter up to and including June 30th 2008. Tarnie Williams the Chief Executive officer said that the sites had taken some important steps toward returning to profitability, and although they have not yet received the license specifications necessary to advertise in the UK as yet, the site did acquire thousands of new money players.

Revenue was increased and net loss decreased and the company was able to develop further the entertainment available at Bingo.com. The focus of the company remains in launching the site in to more new markets, as well as enhancing the products they are already offering. They are expected to finalise a “Tier 1” gaming license in the last quarter of the year and the company secure $600 000, by private placement of common shares of the company, this was a non-brokered private placement of 2 million shares at $0.30 per share. Total revenue increased by 5% over the first quarter of 2008, and is up considerably over the same period last year.

Bingo.com Ltd, is the holding company of Bingo.com group. The operate within the online gaming community, offering online bingo, sweepstakes, slot machines and much more. They have more than 1 900 000 registered members who regularly make use of the site and brings players from all over the world together.