Fantasy Aces Daily Fantasy Sports Corp.

Fantasy Aces Daily Fantasy Sports Corp.

November 12, 2015 15:43 ET

Fantasy Aces Daily Fantasy Sports Corp. Comments on Trading Activity

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 12, 2015) - Fantasy Aces Daily Fantasy Sports Corp. (the "Corporation" or "FantasyAces") (TSX VENTURE:FAS) wishes to address the recent share trading activity and the numerous inquiries requesting the reason for the activity.

The Corporation has no material facts to report. The Corporation is aware, as reported in the news media, that New York Attorney General Eric Schneiderman has issued cease and desist orders to DraftKings and FanDuel. Both Fanduel and DraftKings are working diligently with their legal team to rebut Mr. Schneiderman's stance as they feel daily fantasy sports is not gambling and is a game of skill.

"We are aware that both DraftKings and Fanduel are vigorously challenging the cease and desist" said Tom Frisina, CEO of Fantasy Aces. "One thing that is extremely important to note is that Mr. Schneidermann's statement has absolutely zero effect on Fantasy Aces' business at this time. We continue to serve players in the State of New York and will do so until further notice. This was nothing more than a political move that we believe will soon be overturned by the courts."

About Fantasy Aces

Fantasy Aces is a leading DFS (Daily Fantasy Sports) site focused on every day skill based fantasy sports games. Fantasy Aces 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 website currently offers daily and weekly skill based fantasy sports games for six major North American sports, including the NFL, NBA, NHL, MLB, College Football and PGA. Fantasy Aces 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. Fantasy Aces charges a management fee from all entry fees collected on the website.

Reader Advisory

Certain information set forth in this news release contains forward-looking statements or information ("forward-looking statements"). By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Corporation's control, including the impact of general economic conditions, government changes of law, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility, and the ability to access sufficient capital from internal and external sources. Although the Corporation believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our public disclosure documents available at Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Corporation does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Fantasy Aces Daily Fantasy Sports Corp.
    Tom Frisina
    Chief Executive Officer
    (805) 565-7850

    Fantasy Aces Daily Fantasy Sports Corp.
    Etienne Moshevich
    Investor Relations
    (604) 681-0084