SOURCE: Elite Data Services, Inc.

Elite Data Services, Inc.

June 01, 2016 09:00 ET

DEAC Co-Launches New Website to Showcase Recent Gold Mining Venture

DALLAS, TX--(Marketwired - Jun 1, 2016) - Elite Data Services Inc. (OTC: DEAC) (the "Company"), a newly restructured technology driven management company, today announced that it had co-launched a new website (http://www.propertiesofmeritinc.com/) to showcase its recent move into a gold mining operation in Canada managed by Properties of Merit Inc. ("POM"), a Nevada based mining corporation which has secured gold and precious metals production interests in British Columbia.

The new website provides an overview of POM's production interest in mining river claims located approximately 80 kilometers northeast of Vancouver, Canada in the lower Lillooet River Valley, as described in the posted geological report available on the website.

Through recent geological research in Lillooet River Valley, one of the most resource-rich mining sites in all of British Columbia, independent test results confirm the presence of gold and other precious metals in addition to rare earth elements.

CEO Charles Rimlinger stated, "We are excited about this new mining opportunity. With gold prices increasing approx. 20% since January 1, 2016, and estimates that gold prices could soon reach $1,500 per ounce from recent industry related new articles, the timing seems right for us. We encourage everyone to visit the new http://www.propertiesofmeritinc.com/ website and get familiar with our mining venture."

The Company anticipates the potential of achieving significant revenues and increased shareholder value in 2016-2017 from extensive commercial mining of the river claims, if adequate financings and new equipment can be obtained on a timely manner per the definitive agreement.

On May 20, 2016, the Company and POM executed a definitive agreement to acquire Properties of Merit Inc. To date, no closings have occurred and there is no guarantee that any, or all three of the scheduled closings will occur, which are subject to certain performance requirements of both parties as set forth in the definitive agreement.

Please refer to Current Report Form 8K dated May 24, 2016 filed by the Company with the Securities and Exchange Commission for more information on the Company's recent events.

About Elite Data Services, Inc.

Elite Data Services Inc. ("Company"), a Florida corporation, is a technology driven management company which owns and operates businesses in areas of online marketing and gaming operations, and the pending potential acquisition of a separate new business development project in gold and precious metals mining. The Company is comprised of two (2) subsidiaries: Elite Data Marketing LLC, and Elite Gaming Ventures LLC, and a pending potential acquisition of an ownership interest in Properties of Merit Inc., with operations in the U.S., Canada and the island of Roatan, Honduras.

About Properties of Merit Inc.

Properties of Merit Inc. ("POM"), a Nevada based mining company, which has secured production interests in certain placer mining river claims containing gold and other precious metals in addition to rare earth elements located approximately 80 kilometers northeast of Vancouver, Canada in the lower Lillooet River Valley.

Forward-Looking Statements

Non-historical statements included in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements relating to the Company's future performance are subject to many factors including, but not limited to: working capital and availability of capital, implementation difficulties, impacts involving key vendors, lenders, competitors, and other risks detailed in the Company's Form 10-K for the year ended December 31, 2014, and other subsequent SEC filings. Such statements are based upon management's current beliefs and expectations subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. When used in this press release, the terms "anticipate", "believe", "estimate", "expect", "may", "should", "plan", "possible", "potential", "project", "will", and similar expressions identify forward-looking statements. There is no guarantee that the Company will enter into the agreements referenced herein, nor if we do, that successful implementation will transpire. The forward-looking statements contained herein are made as of the date hereof, and we do not undertake any obligation to update any forward looking statements, whether as a result of future events, new information, or otherwise.

Contact Information

  • Investor and Public Relations Contact

    Elite Data Services, Inc.
    Charles Rimlinger
    Chief Executive Officer
    (615) 905-4042
    info@edscompanies.com