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BounceBackTechnologies.com, Inc. Terminates Financing Plan With bingo.com17 April 2001OCEAN SPRINGS, Mississippi –(Press Release) -- April 17, 2001--BounceBackTechnologies.com, Inc. (OTC Bulletin Board: BBTC), a Minnesota corporation headquartered in Ocean Springs, Miss., announced today that based upon the results of its due diligence, the Company has terminated the Letter of Intent between itself and bingo.com, Inc. (OTC Bulletin Board: BIGR). On March 15, 2001, the Company and bingo.com entered into a Letter of Intent which proposed a financing arrangement whereby bingo.com, for $1,250,000, was to issue the Company a 12% interest-bearing debenture subject to the Company completing a thorough due diligence. According to Jack Pilger, Chairman and CEO, ``While we still believe bingo.com to be a promising young company, our decision to terminate this financing arrangement was predicated upon the indeterminate slow-down of the internet business environment.'' BounceBackTechnologies.com, Inc. is in the business of providing marketing and advertising business solutions to the e-commerce industry and consumers alike. Additionally, the Company operates the 42,000 sq. ft. Casino Caraibe in Sousse, Tunisia, North Africa |