ALISO VIEJO, CALIFORNIA -- (Marketwired) -- 11/26/15 -- Fantasy Aces Daily Fantasy Sports Corp. (the "Corporation" or "Fantasy Aces") (TSX VENTURE: FAS)(OTC PINK: FASDF) has filed its quarterly financials for the period ending September 30, 2015. It is important to note that these financials do not include the results of operations of the combined companies, as the merger between DraftTeam Daily Fantasy Sports and Fantasy Aces LLC closed after the quarter end on October 5, 2015.
The operating results presented in the financial statements do not show the revenue of the combined entity due to the date of the closing of the merger, but, the combined entities had a total of CDN of $785,216 in revenue, a significant increase over the prior year. This increase is due to the very successful marketing program that Fantasy Aces has undertaken in 2015 as well as the overall increase in the DFS industry this year.
Fantasy Aces has seen impressive year-over-year growth in 2015 through Q3 of greater than 500% in gross revenue, prize payouts, deposits and game entries.
Fantasy Aces' retention and conversions from user signups to depositors is among the highest in the DFS industry, which provides further validation of the Corporation's site features, user interface and customer service, which is highly respected by industry players.
"Despite the obvious macro headlines we've all been seeing, we're very happy with the continued progress and rapid success we've achieved over the last few months," says Tom Frisina, CEO of Fantasy Aces. "Our user base and deposits have grown tremendously over the last several quarters and we don't see any signs of it slowing down. As we've said all along, we welcome regulation in the industry and believe it will bode very well for companies and players alike. 2016 will be a very exciting year for Fantasy Aces and we look forward to showcasing our growth to our shareholders."
Fantasy Aces is one of the few DFS companies to hold Live Championship Finals for all major sports. It held its Live Final for college football this past weekend in Newport Beach, California. The event included the winners of 13 qualifying contests, who won an all-expenses-paid trip to participate in the one-day, head-to-head competition for a $40,000 grand prize and $100,000 in total tournament prizes.
"The experience was absolutely amazing," stated TheSiege, the college football Live Final champion. "From the boat trip on Friday night, to a nice dinner, to the all-day experience at American Junkie it was awesome. Hope to be back next year to defend the title."
The next Live Final takes place on December 13, when 40 qualifying contestants will travel to Newport Beach to compete in the $500,000 NFL Championship.
Fantasy Aces sees continued growth for the Corporation through:
-- Launch of its iOS App for iPhone in December 2015. It has been described by industry influencers who have seen the prototype to be one of the best online site adaptations to the mobile world when compared to other daily fantasy sports mobile apps. -- Expansion into two new sports in 2016, which will complement its current offerings of six sports, which includes NFL, NBA, MLB, PGA, CFB and NHL.
About Fantasy Aces
Fantasy Aces is a leading DFS (Daily Fantasy Sports) site focused on everyday 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 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.
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, currency fluctuations" 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.
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.
Fantasy Aces Daily Fantasy Sports Corp.
Chief Executive Officer