VANCOUVER, April 9, 2018 /CNW/ - Global Daily
Fantasy Sports Inc. ("Global or the "Company") (TSX-V:
DFS) a B2B Daily Fantasy Sports software provider is
pleased to provide the following business updates:
- Italian Network Update
- Showcase of Platform at Industry Tradeshows
- Product Update and Feature Release
- Appointment of Venture North for Investor Relation
Services
Italian Network Update
We commercially launched our Italian facing network late in
December 2017, with partners
Lottomatica and Sisal. The initial customer mandate was to migrate
the existing network of DFS players off the legacy Mondogoal system
and onto the new Global platform. We successfully accomplished this
and deprecated the Mondogoal system. The migration was achieved
without a primary focus on marketing and currently we are
averaging 350 slates/contests per week,
approximately 12,500 weekly contest entries with weekly
unique users of approximately 3000 players. We expect the current
liquidity to grow as marketing becomes more prevalent with our
partners and as we add more operators to the network.
Integration with our third customer Microgame is near completion
and the technical teams are in the testing phase. Marketing
communication with existing network partners has begun and the
expectation is for Microgame to go live this current quarter and
before the commencement of the 2018 FIFA World Cup Russia™. This
integration provides Microgame's market-leading poker and bingo
networks full access to Global's DFS platform enabling Microgame to
offer a complete DFS solution across its 34 customers and more than
90 brands in the Italian market.
Showcase of Platform at Industry Tradeshows
Global successfully showcased its product and platform at the
2018 ICE Totally Gaming™ conference in February in London, England and also at Enada in Ramini,
Italy in March. Attendance
at these shows was part of the Company's marketing plan designed to
target a wide net of established gaming operators and to further
expand our Italian facing DFS network. Global's product and
strategy was well received and we anticipate further customer
announcements to ensue. We plan to showcase our product and
platform at the SBC Betting on Sports conference in London, September
18-21, 2018
Product Update and Feature Release
Since our launch, the product has been well received by our
customers. The product is built with a clear focus in mind of
new markets and players. Our development philosophy is
predicated on user education and maintaining a healthy player
ecosystem. Our goal is to help users more easily move through the
player lifecycle, and transition them from entering there first
contest through becoming intermediate and eventually advanced
players. One example of Global's commitment to nurturing a robust
player base is our industry unique Head-to-Head matching system.
All users automatically possess a skill ranking which is updated
each time they participate in a one-on-one contest; Global's
proprietary algorithm uses these rankings to assign users the most
appropriate opponents.
In addition, Global's product is lineup centric which puts the
focus on the lineup rather than individual contests. The focus on
lineups is intuitive enough for new users to feel immediately
comfortable, while still providing enough strategic depth and
customization to present an enduring challenge for even the most
experienced players. Building one ideal roster is inherently the
most natural and immersive activity for new users; while at the
same time advanced options and multi-entry exist to help advanced
players most efficiently get their lineups into multiple
contests. This provides users the flexibility to increase
participation, without continuously having to choose new
lineups.
We are currently offering both Salary Cap and Quick Pick draft
types across six different European football leagues. All of
our operators are given the option to offer these contest types and
leagues as either ring-fenced contests that are exclusive to their
players, or as part of networked events where liquidity is shared
across all operators, offering larger prize pools while limiting
exposure.
Global is pleased to announce the release of a key new feature
to our DFS product. Our guided Lobby Assistant, an industry
first, will help transition the onboarding of new players. The
Lobby Assistant is a guided process that educates and trains
players through the funnel of selecting a contest, building a line
up, and entering contests. This development will prove especially
useful to many of our operating partners whose players are not
familiar with DFS. Providing a curated experience will reduce
player churn and increase the potential to recognize more
revenue.
Appointment of Venture North Capital Inc
Global is also pleased to announce that it has engaged Venture
North Capital Inc. ("Venture North") to provide strategic investor
relations and shareholder communications services. Venture North is
a full service capital markets consulting firm, headquartered in
Toronto, Canada and has experience
executing strategic investor relations outreach campaigns on behalf
of TSX, TSX-V and CSE listed growth companies. Mr. Bill Mitoulas, MD of Venture North will have
responsibility for our file. Venture North will be focused on
increasing investor awareness while introducing Global to its
network of investment advisors, investment dealers, institutions
and other financial professionals in Canada, US, and Europe.
Under the terms of the engagement, which is for an initial
six-month period, Venture North will be paid $6,500 per month. It will also be granted 250,000
options having an exercise price of $0.35, with a two-year term. Options will vest at
a rate of 50,000 immediately and 50,000 thereafter quarterly in
arrears. This engagement is subject to TSX-V approval.
About Global Daily Fantasy Sports Inc.
Global Daily Fantasy Sports Inc. (TSX-V: DFS) is a licensed and
regulated provider of fantasy sports software with offices in
Malta, Toronto and Vancouver. Its platform is a
multi-tenant gateway that allows operators to offer their customers
a world class Daily Fantasy Sports software solution. The platform
allows for seamless integration at the operator level without
having to share or compromise any sensitive customer data. Joining
the Company's network allows operators to capitalize on a mature
infrastructure, with shared liquidity, that was built specifically
for regulated market environments. As a true B2B global network,
the Company is a SaaS product that offers a turn- key solution for
sportsbook operators, land-based operators, media groups, and big
database companies to participate in the daily fantasy sports
industry.
Per: "Darcy
Krogh"
Darcy Krogh, President and
CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Global Daily Fantasy Sports Inc.