Bingo.com Incorporated Announce Merger with Bingo.com Limited

Online Bingo site Bingo.com Incorporated recently announced that it has completed a merger with its wholly owned subsidiary, Bingo.com Limited. The company's main product is the online Bingo portal Bingo.com. This service offers free games which include multiplayer bingo, video poker, sweepstakes, slot machines as well as other games of chance.

Following the completed merger Bingo.com Incorporated will now become part of Bingo.com Limited, which is mainly based in the tax-friendly and lenient Anguilla, British West Indies. Tax concerns were the main consideration before the merger, with Anguilla being a tax free zone for corporate ventures. This means that the company will not be hampered by many tax cuts unlike other countries which have more stringent rules regarding taxes.

Starting on April 7, Bingo.com Limited shares began trading under the name "BNGOF," the company's new ticker symbol. As part of the merger, Bingo.com Incorporated shareholders will automatically become Bingo.com Limited shareholders with no additional action required in the part of the shareholders.

With this being said, should the shareholders of Bingo.com Incorporated wish to trade share certificates of Bingo.com Incorporated for shares certificates of Bingo.com Limited, they will need to file a transmittal letter to complete the action.