DraftTeam Daily Fantasy Sports Corp.

DraftTeam Daily Fantasy Sports Corp.
Fantasy Aces, LLC

Fantasy Aces, LLC

September 16, 2015 09:00 ET

Fantasy Aces, LLC and DraftTeam Daily Fantasy Sports Corp. Provide Operations Update Following Launch of NFL and College Football Seasons

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 16, 2015) -


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 through the beginning weeks of NFL and NCAA football seasons. With the September 30 scheduled closing of the business combination the combined companies, Fantasy Aces ("FA") is recording impressive year over year growth in multiple categories.

Through the first two weeks of September 2015, FA has had total prize payouts of approximately $1 million, an increase of 780% over the same 2014 period. Additionally, in 2015 for the period July 1 through September 14, gross revenue increased 977%, game entries 500% and tournament payouts 910%.

The busiest period for the daily fantasy sports just began in the last two weeks. In addition to the football season now underway, golf season is still running for the next few weeks and the NBA and NHL seasons are set to launch in the next 45 days. The Company is very excited about the growth it has experienced in 2015 and expects to continue to grow with the same significant rates throughout the remainder of 2015 and beyond.

"We are extremely excited with the growth FA has shown over the last two weeks," says Dave Antony, CEO of DraftTeam. "With DraftKings and FanDuel heavily marketing over all the major networks, we've seen tremendous excitement and user growth on our site. We're looking to penetrate a multi-billion dollar market and are working to cement ourselves as the third largest and the only pure-play publicly traded fantasy sports site in the market today. I truly believe we're only at the beginning stages of what this industry will turn into over the next few years and I'm excited to be a part of it."

Fantasy Aces is one of the few Daily Fantasy Sports Companies that offer Live Final Events for all major sports, and on week 1 of NFL play, FA is happy to announce that three of the seats to the $500,000 Live Football Championship to be held at the Palms Las Vegas were awarded. There are still 37 more seats to be awarded through the season. Seats to the College Football Live Championship to be held in Newport Beach, California continue to be awarded each weekend, as well.

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

    Fantasy Aces LLC.
    Tom Frisina
    Chief Executive Officer
    (805) 565-7850