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BingoWorkz Ltd and GameWave Solutions Inc to Merge
San Jose, Costa Rica — The two fastest growing companies in the online bingo business have just signed an agreement to merge. BingoWorkz Ltd (World Bingo Network) and GameWave Solutions Inc (GameWave) will merge to form GameWorkz, a one stop shop for bingo software, technology and operations. The merged company will immediately become the biggest online bingo operator with over 50 licensees signed to the network.
The new company will be headquartered in San Jose, Costa Rica, with research and development based in Toronto, Canada, sales in London, England, and customer support operating from Perth, Western Australia. GameWorkz currently has over forty full time employees, and this number is set to double by the early part of next year as their aggressive development plans begin to take shape.
Two of the biggest online casino groups have already closed deals with GameWorkz to become part of the World Bingo Network, and a number of others are showing serious intent. GameWorkz has a unique business model. It offers licensees the opportunity to set up an independent, stand-alone bingo site if they choose to do so, or the opportunity to join the World Bingo Network where players from an infinite number of sites world wide all play in one single bingo game simultaneously. Prizes on the networked games are far bigger than any competitive sites can manage. Consequently, players and potential operators are going where the money is and GameWorkz currently has partnership integration work stretching through to the end of 2002.
Growth over the next eighteen months is expected to remain robust, with the new company projected to more than double in size every six months. Development plans are equally hectic with a number of revolutionary development projects in the pipeline, and an aggressive expansion planned into other areas of online ‘soft gaming’.