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

To: DizzyG who wrote (287)	2/8/1999 10:52:00 PM
From: hammer	Read Replies (3) \| Respond to of 1119

As committed Dizzy - here you go. My Visit to BIGG. I took the afternoon of February 2, 1999 to visit with BIGG in Vancouver. I arrived at 12:30PM and left at 4:30 PM Having met with Chris Sargent and Darren Little while they were employed with GGNC we were quickly able to pass through the pleasantries and get down to business. Darren was out of the office so I began the meeting with Chris. Their offices are on the 7th floor of a beautiful high rise in downtown Vancouver. They occupy on a sub-lease of 5 years a set of offices with 5 private offices, a reception area, and a lunch room. For a company still two weeks old the typical office confusion was happening. Telephones ringing, computers being set up, office furniture being moved in. I sat down with Chris and began firing questions at him. He was able to answer most of my questions, those that he could not answer will be posted in their business plan. Company Management and Titles Darren Little CEO and President Chris Sargent President of Corporate Communications Rob Richer Investor Relations Bob McKay CMA Angela Office Manager Stock Numbers 25,000,000 shares Authorized 9,000,000 Outstanding 1,000,000 Float My conversation with Chris was primarily centered around the legitimacy of Bingo as a business. Can it make money and be received by the investment community. He laid out some pretty basic numbers for me to consider. BINGO.com feels that with 100 players on 24 hours/day they will generate on average $67,500,000 of revenue, which will equate to$ 27,675,000 dollars of gross income. Bingo has a much higher pay back to the company than other forms of online gambling - with the jackpot receiving 50%, royalties receiving 4%, and charities receiving 5% of the proceeds. And that's only 100 players online! In addition to Bingo income, the traffic to the sight will be excessive and will bring banner advertisement income - certainly a distant second revenue stream but a contribution. There is also the licensing of their proprietary Java software to others. We talked about the necessity to communicate their goals, plans, and growth pattern to the investment community soon because all they have now is a vision, software under development, and a $6.00 priced stock. Chris said there web site will be up soon (Feb. 14th last PR) and the business plan will be available to investors by the end of this week. As far as attracting investors they have several promotional campaigns happening as they approach the April 30th launch of their working BINGO site. Bob Mckay is working on being Blue-Skyed and fully reporting. NASDAQ is not only a desire, but a short term goal. BIGG will meet the per share trading price requirement easily (in his opinion) and the other items need to be dealt with but are not big obstacles. Chris introduced me to all the other guys - I chatted with each of them but the majority of my time was with Chris. I was impressed with the whole team. I liked Bob a lot - the typical CMA, mature, professional, numbers kinda guy. The rest of the team was fairly young - mid 30's I'd guess. After talking with Chris - he took me down to meet the team at Stratford. Stratford is handling a majority of the Web business side of things. The are designing the web identity, the pages, the e.mail server, linking the chat rooms, news services, search engines, orchestrating the advertising and promotional campaign, setting up the e-commerce - basically doing everything except building the game itself and by the feel of their energy have a HIGH motivation to make this thing fly long term. I met with the lead project engineer - there are a total of 10 working on the project - 5 being full time. During my visit they were working on BINGO items, we stood around the computers and they both walked me through the items currently underway - basically the BINGO 101 course - a layout of their vision. I then began asking about the numbers - Stratford agreed with Chris's estimates and said their anticipation from the initial response is over 100,000 Bingo playing customers - more solid number would be projected as the web site is up and running He said that within the first two weeks of the Bingo.com address working, with no advertisement, no real web page, no nothing they had already received 4,000 sign-ups. I left there pretty pumped. Stratford in my mind, as a partner, build a tremendous amount of credibility to BIGG - these guys are not screwing around on a Darren scam as some posters have alleged. These guys see the potential perhaps more than anyone else. I obviously was not included on any of the non-public happenings of BIGG. But even now, much of what I said is not yet known by the public because they are so new. MUCH will be coming out as they unravel their web page. The PR push will come before and after the web page - Chris said they have just started getting investors excited about BIGG. *In Summary - It's awfully tough to by a non-reporting penny at $6.00. I can buy that for 10 cents a share all day long. But I can't by BIGG for 10cents a share so I'm faced with a decision. My decision is LONG all the way but I have the benefit of visiting their facility and seeing first hand the undertaking in progress. I think this thing will fly fore many reasons: 1) Experienced management with an internet gaming and bingo background 2) High gross margins 3) BIGG is partnered with some pretty big guns - Stratford and some solid investment brokers 4) Management in place who's sole purpose in life is building investor credibility and value with numbers and facts 5) The real (not us day traders) investment community watching and waiting (for how long we don't know?) 6) A vision in a new industry with BINGO being the first significant player with a desire to break out of the pack

To: DizzyG who wrote (287)	2/8/1999 11:05:00 PM
From: hammer	Read Replies (1) \| Respond to of 1119

Thanks for the list of Bingo sites - I'd like some time to go through them and take a look. My gut response is that many of these do not accept real money bingo contests - maybe I'm wrong. In any case I think BINGO.COM has a unique nitch here - they are creating the first Bingo portal, a community of bingo lovers. Take a look at my report and you will notice they have already 4,000 sign-ups in the first three weeks - and that is without any advertising what so ever. People are making fun of the address bingo.com but it seems to be working wonders. They as well will have private bingo games where a group of bingo lovers can meet and play, chat, etc etc through the night if they wish. The web sight I previewed was really quite interesting - it looked like it supplied the content of a yahoo with search engines, news, sports, stock info. etc etc - a one stop home page if you will. Their idea is to get people hooked at doing there basic net travels at Bingo.com and every (I think it is) 30 minutes they will have a surprise jackpot bingo contest. I just don't see BIGG as the average bingo site - of course much of this must be unveiled in the web page due out the 14th, and the business plan due out at the end of this week. Chris said we could call and request a copy of the business plan to be mailed out.