FBIG---An OTC Company on the Verge of a potentially Huge Success.
FirstBingo.com (OTC Bulletin Board: FBIG - news) is pleased to announce that it has entered into an exclusive agreement with DLT Entertainment Ltd. of New York City. Under the terms of this agreement DLT Entertainment will license the television format rights for TriviaBingo throughout the United States and the United Kingdom, reaching a potential viewer-ship base in excess of 300 million people.
Company Name: FirstBingo.com
Ticker Symbol: OTCBB: FBIG
Shares Outstanding: 22,588,000
Current Price: $0.46
52 Week High/Low: $0.156 - $1.45
We are proud to introduce FirstBingo.com (FBIG) as one of our profiled stocks. This undervalued and undiscovered stock provides a great opportunity to take advantage of a new emerging sector: Advergaming.
According to analysis of this emerging sector, online gaming is shaping up to be a very promising and effective new direction for interactive advertising and this is exactly the main focus of FirstBingo.com.
The report of KPE.com , a leading provider of digital solutions and broadband production services, on it's website points out that a new medium has begun to rise. According to Jupiter Media Metrix, in the last five years, interactive games have grown more rapidly than any other form of entertainment: its $6,5 billion in sales in 2000 put it on par with movie box office receipts. And just like moviegoers, gamers span the spectrum of age, gender, race and socio- economic demographics.
How does FirstBingo.com takes advantage of this opportunity?
FirstBingo.com is a U.S. publicly traded company (OTCBB: Symbol FBIG) currently engaged in the development and production of an innovative and exciting new trivia game. Trivia Bingo combines the skill-testing aspect of trivia with the excitement of the world's most recognized game, Bingo!
FirstBingo is the first company to combine BINGO, Trivia and the Internet.
Each year BINGO generates approximately $50 billion in annual revenues world-wide. In North America alone, more then 60 million people play BINGO each year generating annual revenues of over $15 billion. FirstBingo recognized the immense popularity of the game BINGO and they have come up with a different method to market this succesful game.
Trivia Bingo will be divided into two separate and distinct stages, an Internet Trivia Bingo game played via the Internet and the actual TV Trivia Bingo Game Show.
INTERNET TRIVIA BINGO
Internet Trivia Bingo will allow registered users to compete for a variety of prize and cash giveaways. FirstBingo has recently completed the development of its Internet Trivia Bingo game and Trivia Bingo is now operational on the Internet. Advertisements will be integrated in the game and this is exactly what Advergaming is all about. According to the report of KPE.com, Advergaming goes much further by incorporating branding directly into the gaming environment. In short, the advertising message is central to game play and Advergaming has a higher potential return on investment than any other forms of advertising because of the added value of customer information and ancillary revenue streams.
TV TRIVIA BINGO
Internet Trivia Bingo will allow registered users to qualify to participate on TV Trivia Bingo. Each week, during production of the Trivia Bingo television game show, three Internet Trivia Bingo players will be randomly drawn to appear of the television game show.
Over the next several months FirstBingo will continue to develop and finalize TV Trivia Bingo. TV Trivia Bingo will give three contestants the opportunity to compete for cash and prizes on a national television game show. FirstBingo expects to generate revenues from TV Trivia Bingo during the third quarter of fiscal year 2001.
In the beginning of April FirstBingo announced that it had concluded two definitive licensing and sales agency agreements with Tesauro Productions of Spain and TV Selection International of France. The game show format now has the potential to reach a marketplace in excess of 80 million television viewers and this is just the beginning! More deals with other countries are expected to be announced very soon.
As soon as the Street discovers FBIG, MainStream Investors will find it a great investment opportunity. The rumor mill is full of talk that there will be some major announcements made in the next month or so.
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FirstBingo expects to generate its revenues in a number of different manners. First and foremost FirstBingo is a customer loyalty program, advertiser/sponsor-supported website. FirstBingo is currently in discussions with a number of parties interested in becoming National or Regional Sponsors of Internet Trivia Bingo and TV Trivia Bingo. FirstBingo has also had discussions with a number of advertisers interested in participating in the Internet Trivia Bingo game.
In addition, FirstBingo will generate revenues from the sale of its Trivia Bingo CD, Board Game, Pay to Play and Trivia Bingo Video Terminals. The Trivia Bingo Video Terminals also promise to generate significant royalty income.
The Revenue and income projections from the businessplan of FirstBingo:
PROJECTION 2001 REVENUES:
Advertising Fees: $348,800
Video Terminal Sales: $325,000
Trivia Bingo CD Sales: $17,850
Video Terminal Loyalties: $918,400
Customer Loyalty Programs: $500,000
Pay to play Trivia Bingo: $17,440,000
TV Trivia Bingo Sales: $700,000
PROJECTION TOTAL REVENUES: $20,250,050
2001 PROJECTION TOTAL OPERATING EXPENSES: $1,239,300
2001 PROJECTION NET INCOME BEFORE TAXES: $19,010,750
PROJECTION 2002 REVENUES:
Advertising Fees: $1,352,400
Video Terminal Sales: $1,325,000
Trivia Bingo CD Sales: $124,950
Video Terminal Loyalties: $11,653,200
Customer Loyalty Programs: $2,350,000
Pay to play Trivia Bingo: $67,440,000
TV Trivia Bingo Sales: $3,000,000
PROJECTION TOTAL REVENUES:$87,245,550
2002 PROJECTION TOTAL OPERATING EXPENSES: $4,269,150
2002 PROJECTION NET INCOME BEFORE TAXES: $82,976,400
Tues. May 15 FBIG Quarterly Report (SEC form 10QSB)
Mon May 14 FBIG FirstBingo.com Signs Deal With DLT Entertainment Ltd.
Mon Apr 10 FBIG FirstBingo.com Signs Its Second Licensing Agreement:
Mon Apr 9 FBIG FirstBingo.com Signs First Deal at MIP TV Exhibition in Cannes, France:
Mon Apr 2 FBIG FirstBingo.com Will Be Featured at MIP TV in Cannes, France:
Wed Mar 14 FBIG FirstBingo.com Appoints Former Attorney General of Canada to Its Board:
Wed Feb 21 FBIG FirstBingo.com Completes Production of Its Game Show TriviaBingo:
Fri Feb 16 FBIG FirstBingo.com Appoints Chairman of the Board:
Wed Feb 14 FBIG FirstBingo.com Deploys Sales Force:
Thu Feb 8 FBIG FirstBingo.com Successful at NATPE Conference in Las Vegas:
Mon Feb 5 FBIG FirstBingo.com Enters Into a Letter of Intent With Western Broadcasting Group Inc:
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This profile is an advertisement on behalf of FirstBingo.com (FBIG.OB) whose articles and/or information appears herein and may not be construed as investment advice. All articles, notices, and other information contained herein concerning FirstBingo.com is a paid advertisement by SharpeCapital.com which has retained Momentum Traders Network to produce this advertisement. The information contained herein is based upon sources which we consider reliable but is not guaranteed by Momentum Traders Network or its officers, employees or affiliated partners.
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