Fantasy Aces Daily Fantasy Sports Corp.

Fantasy Aces Daily Fantasy Sports Corp.

November 19, 2015 09:00 ET

Fantasy Aces Daily Fantasy Sports Corp. Issues Corporate Update

ALISO VIEJO, CALIFORNIA--(Marketwired - Nov. 19, 2015) - Fantasy Aces Daily Fantasy Sports Corp. (the "Corporation" or "Fantasy Aces") (TSX VENTURE:FAS)(OTC PINK:FASDF) is pleased to provide investors with a corporate update as well as provide commentary on some of the recent macro events regarding the daily fantasy sports industry.

There has been numerous media reports related to the potential changes to the regulatory environment for the daily fantasy sports industry, Fantasy Aces wants to clearly state its position in relation to these potential industry changes. At present none of the proposed changes including Eric Schneiderman's (New York's Attorney General) injunction against DraftKings and FanDuel have any bearing on Fantasy Aces's business at this time. Fantasy Aces continues to operate in 44 states including New York and believes these current active states will increase over time as the Daily Fantasy Sports industry becomes better understood by all the state legislators. Fantasy Aces is prepared for any regulation that is brought to the industry going forward.

"We fully believe the daily fantasy sports industry will continue to grow exponentially over the coming years as regulations are put in place. We welcome regulation and feel it will be extremely beneficial to the DFS industry as it will provide players and companies alike with the necessary confidence that the proper checks are put in place. We don't have any hesitation or concerns over being regulated because as a public company, we are already prepared for many of the regulations that have been mentioned by the various states, for example timely financial reporting and making sure we have a certified back-end software to ensure non-qualified players are excluded, as well as providing detailed information related to our Officers and Directors. We continue to monitor and adjust our contest activity to be responsive to the changing market and will continue to do so to make sure we stay compliant with all rules and regulations. This is a huge opportunity and we are excited to showcase our growth to investors over the coming quarters." - Tom Frisina, CEO of Fantasy Aces.

To highlight the growth we have seen in 2015, below are the company's performance improvements for the same period between 2014 to 2015.

September and October 2014 to 2015:

Total Deposits: Up 268%; 2014 - $267,000 2015 - $984,000
Game Entries: Up 345%; 2014 - 77,000 2015 - 343,000
Revenue: Up 534%; 2014 - $50,000 2015 - $317,000
Prize Payouts: Up 567%; 2014 - $614,000 2015 - $4,100,000

As demonstrated above Fantasy Aces has shown tremendous growth over the past year and expects to continue with this grow in the coming periods, even with the impending regulatory changes to the industry.

About Fantasy Aces

Fantasy Aces is a leading DFS (Daily Fantasy Sports) site focused on everyday 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 the 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, industry conditions, currency fluctuations,, 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.

Trading in the securities of Fantasy Aces Daily Fantasy Sports Corp. should be considered highly speculative.

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.

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