DALLAS, TX--(Marketwired - May 20, 2015) - Elite Data Services (OTCQB: DEAC) ("EDS" or "the Company) secured a gaming and distributor license on April 4, 2015 and has begun its implementation on Roatán, the largest of the bay islands of Honduras, securing its first partner under the Company's Strategic Vendor Placement ("SVP") Program.
Charles Rimlinger states, "We have been granted approval to implement 25 machines at Lands End, a boutique resort in the popular West End location of Roatán. The Company estimates that this location will gross $37,500 to $112,500 per month once all the machines are fully implemented under our SVP standards."
"Our SVP Program is designed to secure agreements with local business owners who wish to partner with us as we implement the gaming machines. Each SVP will receive a percentage of the revenues of each machine that is placed in their location. We intend to send formal invitations to local establishments, who in our judgment, would mutually benefit under our program. One of the many incentives to becoming a SVP is that we will help create an attractive environment suitable to our standards under the SVP program," comments Sarah Myers, the President of the Company, who just recently returned from Roatán on May 3, 2015.
About Elite Data Services, Inc.
Elite Data Services Inc. is a technology company that implements their software applications to market and advertise assets in 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.
Statements included in this press release, which are not historical in nature, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements relating to the future performance of the Company are subject to many factors including, but not limited to, the customer acceptance of the products in the market, the introduction of competitive products and product development, the impact of any product liability or other adverse litigation, working capital and availability of capital, commercialization and technological difficulties, the impact of actions and events involving key customers, vendors, lenders, competitors, and other risks detailed in the Company's Form 10-K for the year ended December 31, 2014, and other subsequent Securities and Exchange Commission filings. Such statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. When used in this press release, the terms "anticipate", "believe", "estimate", "expect", "may", "objective", "plan", "possible", "potential", "project", "will", and similar expressions identify forward-looking statements. . There is no guarantee that the Company will successfully enter into the agreements referenced in this release, nor if we do, that we will be successful in the implementation of this new business. The forward-looking statements contained in this press release are made as of the date hereof, and we do not undertake any obligation to update any forward looking statements, whether as a result of future events, new information, or otherwise. Further, the Company reports its financial results in accordance with U.S. generally accepted accounting principles ("GAAP"). This press release contains limited financial projections displaying management's estimations with no past performance or revenues herein associated to this business expansion. These estimates also have not taken into account foreign exchange rates or hedging transactions in conformity with GAAP principles that could deter these projections from being accurately stated except for the purpose to express management's desired benchmarks based on the limited availability available.