DALLAS, Nov. 13, 2014 /PRNewswire/ -- Elite Data Services, Inc. [OTCBB:DEAC] (hereafter "EDS") is pleased to announce its recent advancement into the hospitality and gaming industry and has entered into a contract to acquire the only dual casino and gaming license on Roatan, the largest of the Bay Islands of Honduras. The Company is also currently in the process of negotiations with three resort properties located in Roatan that would strengthen the Company's strategy in its marketing and advertising business model.
"The Company's decision to enter into the hospitality and gaming sector has been carefully evaluated and we are excited to add this new market to our existing technology sectors. Our business model has always been to market and advertise assets in which are wholly owned and controlled by EDS -- this addition is a perfect advancement in that direction," quotes Sarah Myers, Chief Operations Officer of Elite Data Services.
"We've expanded the ways we implement our technology beyond being a traffic and user-push instrument for others," stated Steven Frye, CEO of Elite Data Services. "Our goal is to recognize revenues all the way from the lead/traffic area down to the actual consumer. This type of vertical integration is what we believe is the key to our future success and differentiation."
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are made in accordance with the Private Securities Litigation Reform Act of 1995. Our actual results may differ materially from those implied in these forward-looking statements as a result of many factors, including, but not limited to, overall industry environment, customer acceptance of our products, delay in the introduction of new products, further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of permits or licenses by regulatory or governmental authorities, termination or non-renewal of customer contracts, competitive pressures and general economic conditions, and our financial condition. These and other risks and uncertainties are described in more detail in our most recent annual report on Form 10-K and other reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur, except as required by applicable laws, and you are urged to review and consider disclosures that we make in the reports that we file with the Securities and Exchange Commission that discuss other factors germane to our business.
Chief Executive Officer
Dr. James Ricketts
Vice President of Investor Relations, Chairman
SOURCE Elite Data Services, Inc.