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Microcap & Penny Stocks : Bingo.com Ticker BIGR (formerly BIGG) -- Ignore unavailable to you. Want to Upgrade?

To: Baz Luhrman who wrote (29)	1/26/1999 9:47:00 AM
From: Old Stock Collector	Read Replies (2) \| Respond to of 1119

NEWS! Monday January 25, 10:27 pm Eastern Time Company Press Release Bingo.com Announces Definitive Agreement With Stratford Internet Technologies and Mindquake Software to Develop the World's First Free Bingo-based E-mail Community and Destination Site TALLAHASSEE, Fla.--(BUSINESS WIRE)--Jan. 26, 1998--Bingo.com (OTC BB:BIGG - news), a high technology Internet Company, announced today that they have signed a definitive agreement hiring Stratford Internet Technologies and Mindquake Software to develop the first FREE Bingo-based e-mail community. The total cost to develop the Bingo.com destination site is estimated at U.S. $1.3 Million. This agreement marks a new milestone for the Company, after purchasing the domain name Bingo.com for an aggregate purchase price of U.S. $1.1 Million. Of this purchase price, $200,000 is payable in cash on or before January 27, 1999, in addition to the issuance of 500,000 common shares of the Company, and an ongoing quarterly payment equal to 4% of the gross revenue of the Company. Robert Craig, president of Stratford Internet Technologies stated: ''We are extremely excited to be working with Bingo.com. The word ''bingo'' is an internationally recognized and identifiable word. We expect we can develop a globally accepted destination site on the Internet around this entity. With the concept of FREE e-mail, the domain name ''Hotmail.com'' was sold to Microsoft (NASD:MSFT - news) for a price of U.S. $400 Million. and the domain name ''shopping.com'' was purchased by Compaq Computers (NY:CPQ) for U.S. $220 Million. Other destination sites that have recently raised public awareness are ''TheGlobe.com'' (NASD:TGLO - news) and ''Geocities.com'' (NASD:GCTY - news).'' Stratford Internet Technologies is an Internationally acclaimed, award winning Internet marketing and design firm located in Vancouver, BC, Canada. Stratford's development team created the award winning discovervancouver.com destination site and has just recently been awarded the Internet website design and marketing contract for Ballard Power Systems (NASD:BLDPF - news) to add to their repertoire of over 150 corporate clients. Mindquake Software is a world class software development firm located in Vancouver, BC specializing in Internet software solutions. It boasts a track record of working with clients such as Pivotal Software and SegaSoft Networks, a subsidiary of Sega Gaming. The destination site ''Bingo.com'' is expected to be operational by April 30, 1999 and will be launched in conjunction with a national radio and media campaign as the world's first free ''bingo-based'' e-mail/web page community. Bingo.com will combine news and lifestyle information in a fun and exciting interactive environment surrounding the age-old game of Bingo. ''Bingo.com'' plans to be the future home of the million dollar jackpots, with exciting promotional draws and FREE giveaways. For additional company information, contact Michael Curlook toll-free at 877/322-4646. The statements in this press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934 and are subject to the safe harbor created by these sections. Actual results may differ materially from Bingo.com's expectations and estimates. -------------------------------------------------------------------------------- Contact: Bingo.com Michael Curlook, 604/687-2000 Toll-free: 877/322-4646 www.bingo.com --------------------------------------------------------------------------------