Budding online bingo software provider World Bingo League Co. Inc. announced its acquisition of software and additional technology from Digital Bingo Network Inc. This equity only transaction was part of a letter of agreement between the two companies. In exchange for its acquisitions, World Bingo League issued 3.6 million of its shares to Digital Bingo Network Inc. and its shareholders.

Acquired assets include a complete platform and algorithms, to be used for creating the game generator technology that will serve as the basis for World Bingo League's planned software offering. Digital Bingo Network's technology has previously been used for online gaming facilities as well as for providing live bingo game telecasts.

World Bingo League' final product intends to include live web-cast ball calling, interactive chat and a new variation of progressive jackpot.