DraftTeam Daily Fantasy Sports Corp.

DraftTeam Daily Fantasy Sports Corp.

March 30, 2015 09:00 ET

DraftTeam Daily Fantasy Sports Corp. Provides Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 30, 2015) - DraftTeam Daily Fantasy Sports Corp. ("DraftTeam" or the "Corporation") (TSX VENTURE:DTS) is pleased announce the launch of their marketing initiatives for the upcoming MLB baseball season. In addition to the Opening Day $25,000 Contest, the Corporation has been expanding their marketing initiatives through the following activities.

Mr. Scott Chap has recently joined DraftTeam, Scott has an extensive background in online marketing through the online poker industry. He has been the manager of marketing initiatives in the past with significant success.

DraftTeam is also pleased to announce their affiliate/marketing arrangement with Roto Sports Inc. Roto Sports Inc, through their online property, RotoWire.com is one of the premium sources for fantasy sports information. Rotowire will be providing DraftTeam members with up to the minute information on all fantasy sports.

DraftTeam is also pleased to have signed an agreement with RotoRob, a trusted Fantasy sports writer. Through his industry leading articles and information at www.rotorob.com, DraftTeam members will be able to follow RotoRob's fantasy analysis.

The Corporation has also granted options to acquire 2,150,000 common shares of the Corporation ("Common Shares") to various directors, officers, and consultants of the Corporation. The options have an exercise price of $0.15 per Common Share and expire on that date that is five years from the date of grant. The Corporation has determined that exemptions from the various requirements of TSXV Policy 5.9 are available for the granting of the options.

About DraftTeam

DraftTeam focuses on daily and weekly skill based fantasy sports games. DraftTeam has developed proprietary software which allows users to create fantasy teams from the player rosters of actual sports leagues and then use their teams to compete against other users in various categories such as points scored, yards gained, goals, assists or home runs registered, depending on the specific sport. The DraftTeam.com website currently offers daily and weekly skill based fantasy sports games for the four major sports in North America, which includes NFL, NBA, NHL and MLB. DraftTeam also offers a variety of entry fee contest options for its members to play, in addition to free roll tournaments to attract new members to the site. DraftTeam charges a management fee from all entry fees collected on the website.


Forward-Looking Information - This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning the Corporation's business activities and the timing of receipt of final approval of the TSXV. The forward-looking statements and information are based on certain key expectations and assumptions made by Sabre and DraftTeam, including the timing of receipt of regulatory approvals. Although Sabre and DraftTeam believe that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because Sabre and DraftTeam can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: risks related to the ability to attract retail customers; changing consumer preferences; potential intellectual property rights claims; ability to access sufficient capital from internal and external source; failure to obtain required regulatory and other approvals; and changes in legislation. There are risks also inherent in the nature of the Transaction, including failure to realize anticipated synergies or cost savings; risks regarding the integration of the two entities; incorrect assessments of the values of the other entity; and failure to obtain the required regulatory and other third party approvals. Accordingly, readers should not place undue reliance on the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Corporation's operations or financial results are included in reports on file with applicable securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). The forward-looking statements and information contained in this press release are made as of the date hereof and Sabre and DraftTeam undertake no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.


Contact Information

  • DraftTeam Daily Fantasy Sports Corp.
    David M. Antony
    Chief Executive Officer
    (403) 531-1710