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Elite Data Services Inc. (DEAC)

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Last Post: 9/28/2016 12:32:28 AM - Followers: 38 - Board type: Free - Posts Today: 0

DEAC Signs Letter of Intent to Acquire Properties of Merit Inc.

EDGAR Online 3 mths ago

DALLAS, TX--(Marketwired - Mar 10, 2016) - Elite Data Services Inc. (OTC: DEAC) (the "Company") today announced that it has entered into a non-binding Letter of Intent (LOI) to acquire one hundred percent (100%) ownership interest of Properties of Merit Inc. ("POM") in a stock purchase and share exchange agreement.

POM is a mining operation owning a production interest in certain placer mining claims containing gold, silver and other precious metals in addition to rare earth elements located approximately 80 kilometers northeast of Vancouver in the lower Lillooet River Valley.

"Our due diligence team is making progress, and we look forward to completing a full analysis in the weeks to come to structure a definitive agreement," said Charles Rimlinger, CEO. "This acquisition should accelerate our ability to secure new financing, drive revenue potential, and increase shareholder value."

The LOI represents the parties' mutual intentions to complete the necessary due diligence to negotiate a definitive agreement, anticipated to be completed on or before April 15, 2016. To date, no definitive agreement has been executed, nor does any guarantee exist that it will ever be.

Forward-Looking Statements

Non-historical statements included in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements relating to the Company's future performance are subject to many factors including, but not limited to: working capital and availability of capital, implementation difficulties, impacts involving key vendors, lenders, competitors, and other risks detailed in the Company's Form 10-K for the year ended December 31, 2014, and other subsequent SEC filings. Such statements are based upon management's current beliefs and expectations 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", "should", "plan", "possible", "potential", "project", "will", and similar expressions identify forward-looking statements. There is no guarantee that the Company will enter into the agreements referenced herein, nor if we do, that successful implementation will transpire. The forward-looking statements contained herein 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.

Investor and Public Relations Contact

Elite Data Services, Inc.
Charles Rimlinger
Chief Executive Officer
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Current Price
Bid Ask Day's Range
#1489   DEAC 10-k out 130,237,299 shares outstanding of common l2 hunter 09/28/16 12:32:27 AM
#1488   10k out - $1596 of revenue last year. NunyaBidness 09/27/16 06:10:24 PM
#1487   I don't know the owners of all the NunyaBidness 08/10/16 05:13:13 PM
#1486   DEAC 2.2 mil bidding 0005. Garyst 08/10/16 11:00:40 AM
#1485   Ha Ha, love that. You are right on! BMiles 08/09/16 04:39:12 PM
#1484   Ah ok, then it's just like all of FUBAR 08/09/16 03:25:40 PM
#1483   How so? No massive volume to suggest dilution Garyst 08/09/16 02:49:45 PM
#1482   Can't help you there. I just NunyaBidness 08/09/16 02:49:41 PM
#1481   Lol. Got one that's supposedly not a scam. FUBAR 08/09/16 02:47:29 PM
#1480   Because it's a scam. NunyaBidness 08/09/16 02:46:07 PM
#1479   Agree. Up 60% 0008, thin to 002 and Garyst 08/09/16 02:42:57 PM
#1478   I just have to SMH at the trading FUBAR 08/09/16 01:58:14 PM
#1477   FUBAR 08/09/16 01:15:37 PM
#1476   I'm just puzzled why they disclosed the information BMiles 08/08/16 05:58:58 PM
#1475   The date they put on the purchase has NunyaBidness 08/08/16 04:17:30 PM
#1474   NEWS - Wonder why they never published this BMiles 08/08/16 10:24:42 AM
#1473   It will all change once we get update ..IMHO MADDSTACKER 08/01/16 03:43:22 PM
#1472   NITE is flushing traders with 1,000,000 share block BMiles 08/01/16 03:42:52 PM
#1471   Could be anytime this week.... Sure there's lots MADDSTACKER 08/01/16 03:28:26 PM
#1470   Maybe AH??? BMiles 08/01/16 03:21:34 PM
#1469   Bring that news DEAC MrCheap 08/01/16 10:07:40 AM
#1468   Let's go DEAC don't leave me hanging ... MADDSTACKER 08/01/16 09:50:26 AM
#1467   News tomorrow? MrCheap 07/31/16 04:08:14 PM
#1466   I understand like said wobmarket said was MADDSTACKER 07/29/16 06:40:17 PM
#1465   I think the truth is more useful to NunyaBidness 07/29/16 06:14:04 PM
#1464   Hey bro why don't you save the bashing MADDSTACKER 07/29/16 05:48:34 PM
#1463   Tue newsday i can wait!! MrCheap 07/29/16 05:32:31 PM
#1462   They have missed dates repeatedly in the past NunyaBidness 07/29/16 05:06:27 PM
#1461   I'm ready B .. :) MADDSTACKER 07/29/16 01:16:01 PM
#1460   PR Coming! 8K said - "anticipated to be BMiles 07/29/16 01:15:22 PM
#1459   Drop that agreement !!!!! MADDSTACKER 07/29/16 12:12:05 PM
#1458   Mornin $DEAC Wake up folks its friday MrCheap 07/29/16 09:43:04 AM
#1457 MADDSTACKER 07/28/16 06:22:24 PM
#1456   loi company and website !! MADDSTACKER 07/28/16 06:15:59 PM
#1455   WOD Market LLC ("WOD"), a Colorado MADDSTACKER 07/28/16 06:15:12 PM
#1454   From todays 8k - BMiles 07/28/16 04:23:50 PM
#1453   Agree thats what im lookin for! MrCheap 07/28/16 04:20:30 PM
#1452   Nice close no selling !!!! Maybe a 10 MADDSTACKER 07/28/16 04:01:55 PM
#1451   Nunya, I don't think anyone trades penny's looking BMiles 07/28/16 03:43:01 PM
#1450   I understand first thing I did was call MADDSTACKER 07/28/16 03:35:43 PM
#1449   MADDSTACKER, in response to your PM, yes. BMiles 07/28/16 03:33:33 PM
#1448   I think a real company is the only NunyaBidness 07/28/16 03:33:31 PM
#1447   Well we will find out soon enough ... MADDSTACKER 07/28/16 03:24:29 PM
#1446   Nothing is coming except another new business direction NunyaBidness 07/28/16 03:03:03 PM
#1445   It's coming if company takes over they are MADDSTACKER 07/28/16 02:35:10 PM
#1444   A penny would make my portfolio look nice! bman 07/28/16 02:34:17 PM
#1442   I don't need to make those phone calls, NunyaBidness 07/28/16 02:20:14 PM
#1441   Lol.... Better make some phone calls I did :) MADDSTACKER 07/28/16 02:15:26 PM
#1440   In 6 months they will just announce something different. NunyaBidness 07/28/16 02:14:59 PM
#1439   Agreed I bought in today , risk reward MADDSTACKER 07/28/16 12:23:37 PM