SOURCE: Elite Data Services, Inc.

Elite Data Services, Inc.

March 27, 2015 08:43 ET

Elite Data Services Secures Financing for Gaming License

DALLAS, TX--(Marketwired - Mar 27, 2015) - Elite Data Services, Inc. (OTCQB: DEAC) ("EDS" or "the Company") is pleased to announce that it has recently raised the necessary capital to secure a gaming distributor license on the island of Roatán, the largest of the bay islands of Honduras. The license is expected to catalyze the Company's current business model with a healthy revenue stream once fully implemented.

Charles Rimlinger, EDS's CEO, comments, "We are thrilled with the recent achievements. This is a long awaited update for our shareholders toward taking the Company to the next level, and we're here. We believe this expansion will give us an opportunity, in an unsaturated market, to stake our claim in the lucrative gaming industry, which I confidently believe will increase exponential growth in shareholder value."

"This license also permits us to be a distributor which gives us the ability to focus on consistent revenue generation with strategic placement partners as we work with the regulatory authorities for full implementation," adds Mr. Rimlinger.

Sarah Myers, President and COO, states, "This marks a new era for Elite Data Services attributable to our marketing efforts. This is the first step in what we hope will be an expansion of the Company into the gaming arena in Roatan."

The Company is in final negotiations to obtain this gaming license and anticipates it being finalized shortly. The Company will release updates with further details beginning as early as next week to keep shareholders informed of its anticipated finalization of this milestone event.

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. Our marketing expertise has led us to explore expansion of our business into gaming on the island of Roatán, the largest of the bay islands of Honduras.

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 December 31, 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", "expect", "potential", "project", "will", and similar expressions identify forward-looking statements. There is no guarantee that the Company will successfully enter into the agreements referenced in this release, nor if we do, that we will be successful in the implementation of this new business. 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.

Contact Information

  • Investor and Public Relations Contact
    Elite Data Services, Inc.
    Charles Rimlinger
    Chief Executive Officer
    (615) 905-4042