Here is a PR from another online bingo company that gets into the
potential revenues of this industry...FYI
Forrester Research had recently estimated that the Worldwide Internet Commerce could reach as high as $3.2 Trillion dollars U.S. by the year 2003. Network Gaming International Corporation is a developer of interactive high-speed electronic bingo software for both the Internet and bingo industry. network-bingo.com
Sector: Internet, Entertainment,
Gaming
COMPANY PRESS RELEASE
Network Gaming Announce Initial
Test Launch of its Internet Bingo Game
Network Gaming International Corp. ("Network Gaming") is pleased to announce the Pre-Opening of its "Free" Internet Bingo Game to start on April 12, 1999 at 6:00 P.M. PST. The initial launch will be for test purpose to assure the quality of the games' operation on the Internet. In the next two weeks, the system will be field tested with up to 10,000 online real and simulated players. During this period, the Company will
continue to make modifications, and add game features and enhancements. The Company invites shareholders and interested bingo players to participate in the initial testing of our high speed Internet bingo game.
After the completion of the Pre-Opening launch testing, the "Free" Internet Bingo Games are expected to start before the end of this month.
The Network Bingo prize structure provides for $1,000 US to be awarded to the top player of the week, and the next top 100 players will receive a $100 gift certificate for merchandise products. Starting on August 1, 1999 a progressive bingo prize of $2,500 increasing to $50,000 can be won by a bingo player who completes a bingo line in the first "four" numbers called in any bingo game. This latter prize will be funded from
a percentage of the advertising revenues. Accordingly, a bingo player can play "Free" bingo games and win prizes of $2,500 or more.
In addition, bingo players at the "Network-Bingo web site" will accumulate points which entitles them to receive up to three levels of price discounts on 300 merchandise items to be featured in the company's
merchandise area. These discounts are expected to range from 15% to 35% off the retail list prices.
As part of its marketing strategy, Network Gaming will be publishing a 150-page catalogue of the merchandise available to its Bingo Club members. The initial print of 20,000 catalogues will be available in June, and be distributed at upcoming trade and investment conferences that the company will be attending.
The company will shortly start an aggressive marketing campaign to promote its "Free" Internet Bingo web site. This is expected to register many bingo players and the company currently projects to achieve 5 million impressions per month by the end of the first 90 days.
A large number of players are expected to compete for the many prizes, and to accumulate points for substantial merchandise discounts.
The Network Bingo's web site will appeal to many players combining the interests for both gaming activities with the opportunity for merchandise purchases. The expected player demographics will include customers who visit other web sites such as Amazon.com (Nasdaq:AMZN - news), Anchor Gaming Inc. (Nasdaq:SLOT - news), Atlantic International Entertainment Ltd. (OTC BB:AIEE), Bid.com International Inc. (TSE:Bii - news), Bingo.com (OTC BB:BIGG), Cryptologic Inc. (TSE:CRY - news), Cybergames Inc. (OTC BB:CYGA), Cyberian Outpost Inc. (Nasdaq:COOL -
news), Dion Entertainment Corp. (TSE:DIO - news), Ebay Inc. (Nasdaq:EBAY - news), GLC Limited (Nasdaq: GLCCF - news), Geocities (Nasdaq:GCTY - news), Global Games Corp. (OTC BB:GLOW), Harrah's Entertainment Inc. (NYSE:HET - news), IGN Internet Global Network Inc. (OTC BB:IGNIF), Ivillage Inc. (Nasdaq:IVIL - news), Onsale Inc. (Nasdaq:ONSL - news), Starnet Communications International Inc. (OTC BB:SNMM), Ticketmaster Online (Nasdaq:TMCS - news), and Ubid Inc. (Nasdaq:UBID -news).
Forrester Research had recently estimated that the Worldwide Internet Commerce could reach as high as $3.2 Trillion dollars U.S. by the year 2003. Network Gaming International Corporation is a developer of interactive high-speed electronic bingo software for both the Internet and bingo industry. |
