DraftTeam Daily Fantasy Sports Corp.
TSX VENTURE : DTS

DraftTeam Daily Fantasy Sports Corp.
Fantasy Aces, LLC

Fantasy Aces, LLC

August 24, 2015 09:00 ET

Fantasy Aces, LLC and DraftTeam Daily Fantasy Sports Corp. Provide Operations Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 24, 2015) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Fantasy Aces, LLC ("Fantasy Aces"), and DraftTeam Daily Fantasy Sports Corp. (the "Corporation" or "DraftTeam") (TSX VENTURE:DTS) are pleased to provide an operations update and exciting news for the 2015 football season. With the upcoming closing of the business combination the combined companies, Fantasy Aces ("FA") is recording impressive year over year growth in multiple categories:

As of July 31, 2015 FA has grown its membership base in the last twelve months by over 400% while increasing its prize payouts to over USD$6.2MM, which corresponds to an increase in Management Fees to over USD $600,000 . Additionally, FA game entries increased 800% during the period. With the completed merger and subsequent financing FA is poised for continued dramatic growth in all measurement categories.

On August 15, 2015, FA hosted the $250,000 Fantasy Aces World Baseball Championship at Angels Stadium in Anaheim, California. It was attended by 20 qualifying members and their guests and well-regarded DFS player "Salukifan" walked away with first place and the top prize of $100,000.

"The whole experience felt first class," commented Salukifan. "I felt like I already won before Saturday even began. The Fantasy Aces staff took the time to have meaningful conversations with me and my guests, and I appreciated and learned from every conversation with them, the other contestants and the DFS media covering the event. I highly recommend playing at Fantasy Aces and trying to qualify for one of their live events."

With NFL Season set to kick off in three weeks FA is pleased to announce plans for the 2015 NFL season which will include:

  • $500,000 Fantasy Aces Football Championship Live Final in Las Vegas
  • Expected to award in excess of $400,000 in weekly prize payouts
  • A targeted marketing budget spread across promotional affiliations with FantasyPros, FootballGuys, FootballDiehards, 4for4 and The Fake Football, plus existing promotional initiatives with RotoExperts, Rotowire, Fantasy Alarm and RotoGrinders.

Plans for the 2015 College Football season include:

  • Fantasy Aces will be one of the first DFS sites to have a College Football Live Final with the soon-to-be-announced $100,000 Fantasy Aces College Football Championship on November 21, 2015.
  • Expected to award in excess of $1,500,000 or 900% greater than 2014 in prize payouts throughout the College Football Season

"Fantasy Aces has clearly separated themselves from the pack and become a major player in the exploding daily fantasy space," says Dan Williams, Executive Vice President & Co-Founder of Fantasy Alarm Media, LLC, one of the leading news and information sites serving the DFS industry. "Fantasy Aces has a unique understanding of their customers and has demonstrated impressive growth due to their steadily growing prize payouts, range of contest types, accurate pricing, unique roster formats and once-in-a-lifetime live event experiences. We have had tremendous feedback from many of the thousands of Fantasy Alarm users who have become regular players at Fantasy Aces."

RotoGrinders.com, the most popular and influential forum-based membership site daily fantasy sports enthusiasts, has also taken note of Fantasy Aces' growth. "FantasyAces has done an incredible job leveraging the excitement of Live Championships to grow an active and loyal user base," explains Cal Spears, RotoGrinders founder and CEO. "Events like the Home Run Derby at Angels Stadium really resonate with the RotoGrinders membership. Our Rankings Database includes about 230,000 cashes from RotoGrinders members on FantasyAces over the last three months, which is the third highest total [of all DFS operators] behind FanDuel and DraftKings."

Reader Advisory

Certain information set forth in this news release contains forward-looking statements or information ("forward-looking statements"), including details about the Transaction and the Private Placement. 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, the risks that the parties will not proceed with the Transaction, the completion of the Private Placement, that the ultimate terms of the Transaction will differ from those that currently are contemplated 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.

Completion of the Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and shareholder approval. The Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied on. Trading in the securities of DraftTeam 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.

All information contained in this press release with respect to the Corporation and Fantasy Aces was supplied by the Corporation and Fantasy Aces, respectively, for inclusion herein.

This news release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such terms are defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities Act")), absent registration or an exemption from registration. The securities offered have not been and will not be registered under the U.S. Securities Act or any state securities laws and, therefore, may not be offered for sale in the United States, except in transactions exempt from registration under the U.S. Securities Act and applicable state securities laws.

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

  • DraftTeam Daily Fantasy Sports Corp.
    David M. Antony
    Chief Executive Officer
    (403) 531-1710
    dave@draftteam.com

    Fantasy Aces LLC.
    Tom Frisina
    Chief Executive Officer
    (805) 565-7850
    tom@fantasyaces.com