Elite Data Services Inc (OTCBB:DEAC) received a gaming and distributor license in the first week of April and has commenced its implementation on Roatán, securing its first associate under the Strategic Vendor Placement Program.
Charles Rimlinger, the CEO said that the company has been given approval to install 25 machines at Lands End which is a boutique resort in the Roatán. This location is expected to generate revenue of $37,500 to $112,500 per month. The estimates are applicable only after all the machines are fully installed as per the SVP standards.
The management view
Sarah Myers, the President of Elite Data said that the SVP plan is develop to secure deals with local business owners. These are the groups that wish to partner with company in the implementation of the gaming machines. Each Strategic Vendor Placement will get a percentage of the revenues of every single machine installed in their location.
Myers added that they have plans to send formal invites to local firms, who would mutually benefit from SVP Program. Also, one of the many reasons to become a SVP is that the management will help develop an attractive environment ideal to company’s standards under the SYP plan.
Elite Data Services Inc (OTCBB:DEAC) provide its services in the industry of software applications. It develops it own application to advertise and market assets in which company’s has control. It uses an advanced set of patented technologies and concentrates on advertising and marketing solutions that generates revenue on prevailing businesses in various sectors, including but not confined to, gaming, automotive and hospitality. With a wide technology portfolio, Elite Data is positioned to offer an innovative new approach to the advertising and marketing model.
In last trading session, the stock price of Elite Data Services declined more than 8% to close the trading session at $0.360. The decline came at a share volume of 427,027 compared to average share volume of 51,711.