Follow us on Twitter has released its financial results for the three months up to June 30th 2010 and despite posting a loss of $27,977, it marks a vast improvement for the bingo site compared to the previous three months and the same period last year. The site also saw revenue decrease a remarkable 76 per cent on the same period last year.

The second quarter of 2010 also saw change software provider again, this time to the Unibet platform after a deal was struck for Unibet to acquire a 26 per cent stake in for $2.25 million.

The loss figure of $29,977 is a marked improvement on the $344,806 deficit posted in the first three months of this year and the $266,702 loss that had in the second quarter of last year.

The huge fall in revenue from $1.5 million in the same period last year to just under $370,000 in the past three months was mostly blamed on the loss of gaming activity as the company changed software provider to Unibet.

Tarrnie Williams, CEO of said, ” The second quarter of 2010 was an eventful quarter for We secured an equity investment of $2,250,000 from Unibet thereby significantly strengthening the balance sheet and ensuring sufficient capital to meet our revised business plan for the next few years. In addition, sold two subsidiaries, no longer required for the revised business plan, for $250,000, recording a profit of $177,832 on their sale.”

Williams added, “We are pleased that our loss is considerably reduced but we will continue to suffer losses for the next few quarters until our revised business plan is fully operational.”

The future of is widely expected to be bright with the site not solely restricted to the UK online bingo market but being able to offer a bingo product worldwide thanks to the deal in place with Unibet.