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Elite Data Services Inc. (DEAC)

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Last Post: 12/10/2016 9:26:06 PM - Followers: 56 - 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
#2636   It can be explosive again, just like recently. bman 12/10/16 09:26:05 PM
#2635   DEAC EXPLOSIVE CHART>>>>>Look how fast and easy this moves. blademan 12/10/16 07:07:14 PM
#2634   Getting close to BLAST OFF here! Could get blademan 12/08/16 04:43:49 PM
#2633   watching closely. volume sends hiffleman 12/08/16 03:20:55 PM
#2632   Nice! 0008s break could send it! DEAC blademan 12/08/16 02:44:59 PM
#2631   On watch for .0008 break here. Could go fast pennyonfire 12/08/16 02:43:42 PM
#2630   Yep touched 0094 last run! Crazy mover here! blademan 12/08/16 01:48:46 PM
#2629   Agree. Can run to penny quick with volume. pennyonfire 12/08/16 01:45:13 PM
#2628   This thing flys like the wind with very blademan 12/08/16 01:16:02 PM
#2627   Nice! Bring all your friends over! :-) blademan 12/08/16 12:58:54 PM
#2626   Buying a few more of the .0007's here. pennyonfire 12/08/16 12:56:18 PM
#2625   DEAC bids lining up here and a lil blademan 12/08/16 12:49:23 PM
#2624   Just needs a little Vol kick baz124 12/08/16 12:39:22 PM
#2623   Bleeding constantly channingtatum 12/08/16 10:49:07 AM
#2622   Sell ur shares!!! channingtatum 12/08/16 10:48:59 AM
#2621   Bidders lining up here today....hmm. Getting close? DEAC blademan 12/08/16 09:46:40 AM
#2620   Well that was then, this is now. Rock blademan 12/08/16 12:05:06 AM
#2619   They did a reverse split a few years NunyaBidness 12/07/16 11:40:57 PM
#2618   .0005 is Rock Bottom. It has never been blademan 12/07/16 04:31:37 PM
#2617   This thing has been trending down for more NunyaBidness 12/07/16 04:19:21 PM
#2616   You'll be here a long time waiting for blademan 12/06/16 04:26:02 PM
#2615   Anything above .0001 seems silly to me. NunyaBidness 12/06/16 03:21:40 PM
#2614   I got it now. Mis read that. sac some money 12/06/16 09:51:28 AM
#2613   Re read PM iammrpenny100 12/06/16 09:51:07 AM
#2612   Hey I don't have PM's but I agree sac some money 12/06/16 09:50:21 AM
#2611   I hope I can add more here before sac some money 12/05/16 04:51:07 PM
#2610   A lil 0007 love eod. Hard to believe blademan 12/05/16 04:23:51 PM
#2609   Agreed! bman 12/05/16 02:50:25 PM
#2608   DEAC ready to roll.imo blademan 12/05/16 02:49:33 PM
#2607   Congrats on getting those! bman 12/05/16 02:48:03 PM
#2606   Ok, GL $ young Mooninite 12/05/16 11:54:52 AM
#2605   People gonna have to sell to .0005 or channingtatum 12/05/16 11:54:15 AM
#2604   Scoop em if u can, GL $ young Mooninite 12/05/16 11:53:07 AM
#2603   LOL 5s are printing tho channingtatum 12/05/16 11:52:31 AM
#2602   Just hit the ask already. Don't be a young Mooninite 12/05/16 11:51:34 AM
#2601   Sell ur shares and take the loss... bids alive channingtatum 12/05/16 11:40:28 AM
#2600   Lol! Right ON!! DEAC blademan 12/05/16 11:27:35 AM
#2599   Lol, no way Sir, n miss out on young Mooninite 12/05/16 11:25:24 AM
#2598   oic, thought you were Great prices at blademan 12/05/16 11:23:18 AM
#2597   What? I did well on the spike and young Mooninite 12/05/16 11:20:35 AM
#2596   Sorry for your loss...better days ahead here imo..DEAC blademan 12/05/16 11:19:31 AM
#2595   Yup $ young Mooninite 12/05/16 11:17:20 AM
#2594   Thanks for the cheapies!! DEAC blademan 12/05/16 11:15:34 AM
#2593   I already have been some... this will blow blademan 12/02/16 02:50:02 PM
#2592   I'll be averaging down soon once I get sac some money 12/02/16 02:45:43 PM
#2591   Crazy cheap down here... blademan 12/02/16 02:38:50 PM
#2590   DEAC 2m drop this 89% I like that$$$$ Pstats 12/02/16 02:00:51 PM
#2589   Tik toK Tik toK . . . young Mooninite 12/02/16 11:25:43 AM
#2588   This is crazy thin... A few slaps will blademan 12/01/16 10:23:39 PM
#2587   I don't know sorry, I only know what NunyaBidness 12/01/16 10:17:46 PM