Bingo Nation, Inc. (OTCQB: BLTO) specializes in freemium marketing, tribal gaming, and lottery games through its interactive technology products. Shares of the gambling and entertainment company are rallying 17.42% through afternoon trading on Monday, April 3, 2017. Over the past month, Bingo Nation, Inc. has seen average daily volume of 125,816 shares. However, volume of 494,149 shares or dollar volume of $1.03 million, has already exchanged hands in Monday trading.
Shares of Bingo Nation, Inc. are climbing today, after the company announced it has appointed a new president and CEO of the company. The move comes as Robert Coleridge’s recent resignation from the positions, citing personal reasons. David Matheson has been appointed by the Board of Directors to serve as the new president and CEO. Here is the full press release detailing of the newly appointed president and CEO:
Bingo Nation, Inc. Press Release:
LAS VEGAS, NEVADA–(Marketwired – Mar 31, 2017) – Bingo Nation, Inc. (BLTO) (the “Company”) announced acceptance of its Board of Directors for the resignation of Robert Coleridge from the Board and executive offices of President and Chief Executive Officer for sake of his personal reasons. Mr. Coleridge’s resignation will take effect upon the final approval date of the Company’s forthcoming March 31, 2017 yearend financial statements. Further, the Board has appointed David Matheson as the Company’s next President and Chief Executive Officer effective today.
David Matheson commented: “We thank Robert for his assistance in agreeing to provide continuity in the Company’s yearend financial and reporting duties. We also respect his decision to step down from the Board and our executive in putting the best interests of the Company ahead of those of himself.”
About Bingo Nation, Inc.
Bingo Nation specializes in tribal gaming, freemium marketing, lottery and interactive technology-based products focused on building memorable brand experiences and more attainable jackpots with better entertainment value. Our portfolio includes innovative proxy-player tribal gaming management, interactive advertising, and game sales via self-serve kiosks, smartphones, and tracking via secure cloud-based customer accounting systems. For more information, please visit www.BingoNationUSA.com.