Fantasy Aces Daily Fantasy Sports Corp.
TSX VENTURE : FAS

Fantasy Aces Daily Fantasy Sports Corp.

October 19, 2015 09:00 ET

Fantasy Aces Daily Fantasy Sports Corp. Will Not Be Applying for a Gaming License and Strongly Supports Its Industry in Allowing all Players in Nevada and Elsewhere to Play DFS

ALISO VIEJO, CALIFORNIA--(Marketwired - Oct. 19, 2015) - Fantasy Aces Daily Fantasy Sports Corp. (the "Corporation" or "Fantasy Aces") (TSX VENTURE:FAS) announces that upon further review of the ruling by the Nevada Gaming Control Board (NGCB) to restrict Daily Fantasy Sports (DFS) players from participating on Fantasy Aces' or other industry member sites without a specific license from the NGCB, Fantasy Aces wishes to amend its statement published on October 16th 2015 on this subject. Fantasy Aces will not apply for a gaming license and will strongly support the Fantasy Sports Trade Association and other member industry sites in pursuing a solution allowing all DFS players in Nevada and throughout North America to engage in our industry's legal and widely popular fantasy sports entertainment.

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 FantasyAces.com 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, 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 www.sedar.com. 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.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved or disapproved the contents of this press release.

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
    tom@fantasyaces.com

    Fantasy Aces Daily Fantasy Sports Corp.
    Dave Antony
    Director
    (403) 531-1710
    dave@fantasyaces.com