StreamTrack Enters Rapidly Growing Daily Fantasy Sports Industry; Signs Agreement with Global Gaming Network
12 March 2015 - 8:07PM
Business Wire
StreamTrack, Inc. (STTK) ("StreamTrack" or the "Company"), today
announced its entry into daily fantasy sports. Under the terms of
an exclusive Agreement with Global Gaming Network, Inc. (GBGM),
StreamTrack shall assume all of the sales and marketing of the web
and mobile based operations of ampedfantasysports.com,
ampedfantasy.com and ampedfantasy.net. StreamTrack shall assume all
revenue and cost of sales, marketing and fulfillment in connection
with the Agreement commencing immediately.
Traditional fantasy sports games have been an integral part of
the sports industry for decades. Now, the rapidly expanding “daily
fantasy” or “DFS” industry is quickly becoming the new alternative
with sports fans. Industry leaders have reported annual growth of
daily fantasy sports of close to 300% over the past several years,
with in excess of 40 million active players.
The Amped Fantasy brand will offer diverse contests to attract
fans of all kinds that will help expand the growing industry. The
mobile and web offering will include, but not be limited to free
and paid daily, weekly, pick’em, salary cap, flex or customized
roster and guaranteed prize or payout contests.
StreamTrack CEO, Michael Hill stated: “We’re extremely excited
to see what the rest of 2015 has in store as we grow the user base
of these web and mobile products. By offering both free and paid
contests in multiple formats, this allows us to eliminate barriers
for beginners that are new to daily fantasy sports. The product
will also offer more competitive contests to attract more
experienced daily fantasy players.”
Hill continued, “In the coming months we plan to rollout
additional daily fantasy sports brands by way of acquisition and
organic development to support the growing demand within this
explosive industry. Providing additional content such as scores,
news, stats and competitive video gaming will allow us to engage
fans. We believe that daily fantasy sports is just beginning to
scratch the surface of its full potential. Entering the daily
fantasy sports industry is a major move forward for StreamTrack.
With our current video and display advertising platform and
existing distribution of online and mobile traffic we plan to
capitalize on existing media. This Agreement provides StreamTrack
strategic entry into this market immediately with a fully
functional platform.”
Global Gaming Network, Inc President, Stephen Kern stated: “We
are extremely pleased to have entered into this agreement with
StreamTrack. The team at StreamTrack is extremely experienced
within the media space of lead generation and customer acquisition.
We believe they are now well positioned to enter this ever growing
industry.”
Kern went on to say, “According to the Fantasy Sports Trade
Association (FSTA), daily fantasy sports revenue in 2014 was around
1 billion dollars and is projected to grow to 17 billion by 2020.
The regulatory environment around fantasy sports is helping foster
this growth. With endorsements by professional sports organizations
including the NFL, MLB, and NBA along with credible media outlets
and organizations including Yahoo!, CBS, Rotowire, and more, daily
fantasy sports is quickly becoming commonplace. Keeping in
compliance with any applicable State and Federal guidelines is
paramount to success and with the Unlawful Internet Gambling
Enforcement Act of 2006 (UIGEA) defining fantasy sports as a skill
based game it exempted fantasy sports from restrictions on Federal
internet gaming restrictions. Furthermore, most states in the U.S.
allow daily fantasy sports with several in process of legislation
to legalize.”
About StreamTrack, Inc.
StreamTrack, Inc. (the "Company") is a digital media and
technology services company. The Company provides audio and video
streaming and advertising services through its RadioLoyalty™
Platform (the "Platform") to over 5,000 internet and terrestrial
radio stations and other broadcast content providers. The Platform
consists of a web-based and mobile player that manages streaming
audio and video content, social media engagement, display and video
ad serving capable of replacing audio ads with video ads within the
web player in a live or on-demand environment. The Company offers
the Platform directly to its broadcasters and integrates or white
labels its technologies with web-based internet radio guides and
other web-based content providers. The Company is also continuing
development of WatchThis™, a patent-pending technology to provide
web, mobile and IP television streaming services that are
e-commerce enabled within streamed content.
For more information
visit: http://www.streamtrack.com or http://www.radioloyalty.com
Forward-Looking Statements
Certain statements contained herein constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on
current expectations, estimates and projections about StreamTrack's
industry, management's beliefs and certain assumptions made by
management. Readers are cautioned that any such forward-looking
statements are not guarantees of future performance and are subject
to certain risks, uncertainties and assumptions that are difficult
to predict. Because such statements involve risks and
uncertainties, the actual results and performance of the Company
may differ materially from the results expressed or implied by such
forward-looking statements. Given these uncertainties, readers are
cautioned not to place undue reliance on such forward-looking
statements. Unless otherwise required by law, the Company also
disclaims any obligation to update its view of any such risks or
uncertainties or to announce publicly the result of any revisions
to the forward-looking statements made here. Readers should review
carefully reports or documents the Company files periodically with
the Securities and Exchange Commission.
Contact:StreamTrack, Inc.Michael HillChief Executive
Officerir@streamtrack.com+1 805-308-9151
StreamTrack, Inc.Michael Hill, +1 805-308-9151Chief Executive
Officerir@streamtrack.com