SOURCE: Elite Data Services, Inc.

Elite Data Services, Inc.

December 11, 2014 09:10 ET

Elite Data Services Announces Change in Executive Leadership

DALLAS, TX--(Marketwired - Dec 11, 2014) - Elite Data Services (OTCQB: DEAC) ("EDS" or "the Company") today announced that Steven Frye has stepped down from his roles as a Company Officer and Director. The EDS Board of Directors has duly appointed Charles Rimlinger as Chief Executive Officer and Director, Stephen Antol as Chief Financial Officer, and Sarah Myers (currently serving the Company as Chief Operating Officer and Director) as President of the Company.

Mr. Frye commented, "My appointment as an Officer and Board Member by the EDS Board was always with the agreed-upon intention to help guide the company through its formative phases in order to establish a solid foundation for EDS's future. However, my past business experiences have always been primarily equity market and not managerially oriented. Therefore, handing off the reins at the proper timing was always part of our broader plan. As the Company enters this exciting new era, it is integral that it is under the leadership of a CEO with international expertise and extensive managerial experience. I could not be more excited for the Company and it has truly been a pleasure serving both the company and its shareholders."

Mr. Rimlinger has spent the majority of his professional career in marketing and development, serving as Director of International Development and Marketing for BendPack, Inc., a multinational manufacturing Company headquartered in California. Mr. Antol has over 36 years of diversified experience in the field of corporate finance and administration, serving as Chief Financial Officer for El Capitan Precious Metals, Inc., NOVAHEAD Inc., Lou Register Furniture, Gold and Minerals Company, Inc., and as Corporate Controller and Corporate Treasurer for Giant Industries Inc.

Mr. Rimlinger commented, "I am honored to take on the role of President and CEO during this important time for the company. EDS is a great business, and I look forward to working closely with the Board and the entire EDS management team as we build an even stronger future for the Company."

"The Board, and all of us at EDS, are fully focused on continuing our recent expansions," stated Sarah Myers, President/COO of Elite Data Services. "We are addressing our challenges head-on and are confident that the actions underway will enable us to move the Company forward with great success. EDS has a clear strategic direction in our vertical integration that we believe will create significant additional value for EDS shareholders. We are committed to ensuring that the Company fully capitalizes on these strengths, and we look forward to continuing our dialogue with shareholders as we execute on our plans."

The Company remains focused on continuing to run its business and is committed to executing its strategic priorities, including the planned advancement into the hospitality and gaming industry through its contracted acquisition of the only dual casino and gaming license on Roatan. The Company is also currently in the process of negotiations with three resort properties located in Roatan, the largest of the Honduran Bay Islands, that would strengthen the Company's strategy in its marketing and advertising business model.

Shareholders are encouraged to view our SEC 8-K material event filing. Please visit http://www.sec.gov/edgar.shtml#.VIk6G4vTVWw

About Elite Data Services, Inc.
Elite Data Services Inc. is a technology company that implements their software applications to market and advertise assets in which they own and control. The company utilizes an advanced set of proprietary technologies and focuses on marketing and advertising solutions that generate revenue on existing businesses in sectors, including but not limited to, automotive, hospitality, and gaming. With an extensive technology portfolio enhanced with its content production resources and software development expertise, EDS is positioned to deliver an exciting new approach to the marketing and advertising model that replaces traditional client based contracts with secured asset value and increased revenues based on their proprietary technologies.

Forward-Looking Statements
Statements included in this press release, which are not historical in nature, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements relating to the future performance of the Company are subject to many factors including, but not limited to, the customer acceptance of the products in the market, the introduction of competitive products and product development, the impact of any product liability or other adverse litigation, working capital and availability of capital, commercialization and technological difficulties, the impact of actions and events involving key customers, vendors, lenders, competitors, and other risks detailed in the Company's Form 10-K for the year ended September 30, 2013, and other subsequent Securities and Exchange Commission filings. Such statements are based upon the current beliefs and expectations of the Company's management and are 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", "objective", "plan", "possible", "potential", "project", "will", and similar expressions identify forward-looking statements. The forward-looking statements contained in this press release 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.

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