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Elite Data Services Inc. (DEAC)

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Last Post: 1/16/2017 11:39:36 AM - Followers: 76 - Board type: Free - Posts Today: 2

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.

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Current Price
Bid Ask Day's Range
#2805  Sticky Note $DEAC NEW DD POST! 01/12/2017 NEW COMPANY NOW fuego10 01/14/17 10:10:54 AM
#2666  Sticky Note New CEO DEAC Major Big Wig HDOGTX 01/12/17 04:09:04 PM
#2648  Sticky Note DEAC 8k out RM HDOGTX 01/12/17 03:43:40 PM
#2822   Where did you read about her being involved? deafcone 01/16/17 11:39:35 AM
#2821   So Elite Data Services bought Properties of Merit. RossMcLochNess 01/16/17 10:50:45 AM
#2820   dc, It's all possible, Look at the stickied fuego10 01/14/17 07:49:19 PM
#2818   I think .10+ within a month. All depends deafcone 01/14/17 07:01:07 PM
#2817   ssm, niceeeeee !! fuego10 01/14/17 05:51:40 PM
#2816   Oh yeah I know. I've been in this sac some money 01/14/17 04:44:31 PM
#2815   sacsomemoney, New Company here as of 01/12/17 as fuego10 01/14/17 04:18:47 PM
#2814   Yep yep Tutu 01/14/17 03:51:05 PM
#2813   Ahhh yes you're right. MLK day. So Tuesday sac some money 01/14/17 03:44:59 PM
#2812   Market is closed I think Tutu 01/14/17 03:44:01 PM
#2811   Monday should be an interesting day. I would sac some money 01/14/17 03:24:52 PM
#2810   Good deal looking to see. 01 soon Tutu 01/14/17 02:42:22 PM
#2809   thanks hux, a nice DD post w/ HDOGTX's fuego10 01/14/17 10:33:15 AM
#2808   Good post huxley 01/14/17 10:29:01 AM
#2807   Thanks Tutu, I posted it in the stickies fuego10 01/14/17 10:25:17 AM
#2806   Good morning and good post Tutu 01/14/17 10:20:18 AM
#2805   $DEAC NEW DD POST! 01/12/2017 NEW COMPANY NOW fuego10 01/14/17 10:10:54 AM
#2804   $DEAC Only 130 mil shares OS, 500 milly fuego10 01/14/17 09:25:21 AM
#2803   $DEAC, Name Change & very likely Symbol Change fuego10 01/14/17 09:21:36 AM
#2802   $DEAC Taryn Watson, President WOD Market, WELLS FARGO, fuego10 01/14/17 09:15:58 AM
#2801   $DEAC Now look at who is listed as fuego10 01/14/17 09:12:21 AM
#2800   $DEAC Look at the new CEO!..... fuego10 01/14/17 09:08:25 AM
#2799   10 bagger!!! Weeee channingtatum 01/14/17 02:41:29 AM
#2798   Nice DEAC chart PISTOL PETE :) BERKSHIRE AGENT 01/13/17 11:15:24 PM
#2797   $DEAC Chart $Pistol Pete$ 01/13/17 09:54:50 PM
#2796   Not a bad day waiting game now for BERKSHIRE AGENT 01/13/17 04:53:51 PM
#2795   pennyonfire, Looking forward to that! fuego10 01/13/17 03:55:34 PM
#2794   CDEL still hiding u lil rat! fuego10 01/13/17 03:54:57 PM
#2793   I'm liking that buddy! fuego10 01/13/17 03:54:01 PM
#2792   This went up a lot with very little sac some money 01/13/17 03:52:22 PM
#2791   On Watch for more filings and NEWS soon. pennyonfire 01/13/17 03:52:10 PM
#2790   Or is CDEL done already, all that profit fuego10 01/13/17 03:50:08 PM
#2789   C'mon CDEL, u chicken sheet, lose all that fuego10 01/13/17 03:48:25 PM
#2788   yep! next week we continue the pennies! $DEAC fuego10 01/13/17 03:40:26 PM
#2787   Pac Man goes chomp chomp chomp, chase my HDOGTX 01/13/17 03:39:46 PM
#2786   CDEL finally dropping those 1.5 milly shares its fuego10 01/13/17 03:38:22 PM
#2785   let that sack ask 1.5mil blocker out, then HDOGTX 01/13/17 03:33:08 PM
#2784   True that!! The float here is TASTY baz124 01/13/17 03:22:25 PM
#2783   With this low float boom coming fluxambassador 01/13/17 03:09:02 PM
#2782   Let's go Tutu 01/13/17 01:44:51 PM
#2781   Bid building slowly, starting to turn DEAC fuego10 01/13/17 01:43:02 PM
#2780   Yea i wasn't playing that game I got Tutu 01/13/17 01:37:37 PM
#2779   Someone is hungry for sub penny shares HDOGTX 01/13/17 01:32:36 PM
#2778   Hope so Tutu 01/13/17 01:30:30 PM
#2777   Nice ~ 2.5 milly on the bid, should fuego10 01/13/17 01:29:02 PM
#2776   Wow!! 2.5m at .004 bidding Pstats 01/13/17 01:27:59 PM
#2775   DEAC high ass .0085 today on EOD! Great Pstats 01/13/17 01:19:18 PM
#2774   Flippers drying out, look for action towards EOD HDOGTX 01/13/17 01:10:48 PM
#2773   Only $500k market cap here at .0048 Reters 01/13/17 01:08:57 PM
#2772   Solid support. deafcone 01/13/17 12:46:26 PM