FantasyAces Daily Fantasy Sports Corp. Provides Operations Update and Launch of NHL Season
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 7, 2015) - FantasyAces Daily Fantasy Sports Corp. (the "Corporation" or "FantasyAces") (TSX VENTURE:FAS) is pleased to provide an operations update through the first four weeks of the NFL season. FantasyAces continues to record impressive year over year growth in multiple categories.
For the month of September 2015, FantasyAces has had total prize payouts of just under $2MM, an increase of 880% over September 2014. Additionally, in calendar 2015 for the nine month period ending September 30, gross revenue increased 1200%, game entries 680% and tournament payouts 1300% compared to the same nine month period in 2014.
The puck is set to drop on the 2015 NHL season and FantasyAces is excited for the upcoming months. Its plans include:
-- $50,000 FantasyAces Hockey Championship Final
-- Awarding in excess of $2,000,000 in prize payouts during the season
-- A marketing budget aimed towards aggressively growing its hockey fan-
The busiest period for daily fantasy sports is in full swing. In addition to the football season which is well underway, NHL season starts tonight and NBA is only a few short weeks away. With the recently completed merger with DraftTeam, the Corporation is sufficiently capitalized for 2015 with massive site growth expected for 2016 and beyond.
"Although the growth we've been able to showcase so far has been really good, it's only the beginning," says Tom Frisina, CEO of FantasyAces. "Our performance numbers mentioned above prove our industry standing and portray our Corporation on a very rapid trajectory for today and tomorrow. Now that our financing is behind us, we can focus on continuing this rapid growth curve while delivering the industry's most attractive playing experience as acknowledged by our user base. With the industry exploding in this manner, there is every reason to expect FantasyAces will continue its performance momentum as our industry expands so rapidly."
"I am personally very excited with the growth the Corporation has shown since we began our merger discussions back in May," says Dave Antony, until recently CEO of DraftTeam and today a senior Board member of FantasyAces. "With the abundance on all national networks of the heavy daily fantasy sports marketing spends, 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."
FantasyAces is one of the few Daily Fantasy Sports Companies offering Live Final Events for all major sports, and through Monday this week has filled 13 of 40 seats to the $500,000 Live Football Championship to be held at the Palms Las Vegas. There are still 27 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.
FantasyAces 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. FantasyAces 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. FantasyAces charges a management fee from all entry fees collected on the website.
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, 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 FantasyAces 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.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Chief Executive Officer