Southridge Capital Enters Into A $5 Million Equity Purchase Agreement With Elite Data Services, Inc.

RIDGEFIELD, Conn., July 30, 2015 /PRNewswire/ -- Stephen Hicks, Chairman and CEO of Southridge Capital, announced that Southridge Partners II LP ("Southridge"), an institutional investor, entered into an equity purchase agreement with Elite Data Services, Inc. DEAC, based in Dallas, Texas.

Elite Data Services Inc. is a technology company that implements their software applications to market and advertise assets which they own and control. The company utilizes an advanced set of proprietary technologies and focuses on marketing and advertising solutions that generate revenue on existing businesses in sectors, including but not limited to, automotive, hospitality, and gaming. With an extensive technology portfolio enhanced with its content production resources and software development expertise, EDS is positioned to deliver an exciting new approach to the marketing and advertising model that replaces traditional client based contracts with secured asset value and increased revenues based on their proprietary technologies.

Hicks says, "We are committed to investing in companies like Elite Data Services that are providing innovative offerings in the industries they serve."

Southridge Capital is dedicated to helping clients achieve their intended goals. 

About Southridge Capital: Southridge Capital is a diversified financial holding company specializing in direct investment and advisory services to small and middle market companies. Since 1996 the structured finance team has made direct investment of over $1.8 billion into growth companies globally. Our expertise lies in our ability to customize a financing plan for the prospective client and then execute on that plan without fail. For more information, visit: http://www.southridge.com

CONTACT: Anu Kher, 1-212-8439240, akher@rubensteinpr.com

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SOURCE Southridge Capital