Bingo.com Ltd. has secured Private Investment Capital of over one million US Dollars, by selling about 1.3 million shares at $0.75 per share. Bingo.com, operator of www.bingo.com, plans to use the money to expand their web portal and possibly acquire other companies.

"With the completion of this private placement, Bingo.com has positioned itself to expand its user base and increase revenue by taking advantage of global market opportunities," remarked Tarrnie Williams, CEO of Bingo.com.

Bingo.com offers free video poker, slot machines, several types of timed and untimed multiplayer bingo games, and sweepstakes offering cash and prizes.