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File: DOSI PR -July 26 2016.pdf
News
FOR IMMEDIATE RELEASE
DARELLE ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER OF 2016
AND PROVIDES AN OPERATIONAL UPDATE
Vancouver, B.C. July 26, 2016 Darelle Online Solutions Inc. ("Darelle" and/or
the "Company") (TSXV:"DAR") announces its financial and operational results for the
third quarter of 2016 and provides an operational update.
The full text of Darelle's third quarter results are contained in its unaudited condensed
interim financial statements as at and for the three and nine months ended May 31,
2016 and the related management's discussion and analysis, copies of which are
available electronically on Darelle's profile on the System for Electronic Document
Analysis and Retrieval ("SEDAR") at www.sedar.com and also on Darelle's website at
www.darelle.com
The Company will host a webinar presentation on Thursday August 6 at 10:00 am
Pacific Standard Time. Management will discuss financial results and provide an
operational update on the Company. To register for the webinar please forward your
contact details to webinar@darelle.com
Third Quarter 2016 Results
The Company generated revenue of $13,000 during the period compared with
$Nil during the same three month period in 2015. The Company launched the
Online Raffle Lottery Program on April 14, 2016. Revenue realized is comprised
of set-up fees on raffles launched during the quarter.
Company launched the 2016 BC Lions Society Adventure Lottery on behalf of
the B.C. Lions Society for Children with Disabilities. The lottery includes an online
raffle ticket and a 50/50 draw. The BC Lions Society for Children with Disabilities
are selling the raffle tickets (licence # 84080) and 50/50 draw tickets (licence #
84082) online at www.darelle.com/EasterSealsBC.
Company launched the Win & Drive a 1966 Ford Mustang Lottery on behalf of
the Tapestry Foundation for Health Care. The Lottery includes an online raffle.
The Tapestry Foundation for Health Care are selling the raffle tickets (license
#83681) online at www.darelle.com/Tapestry Foundation For Health Care
Company launched The First Cause Ride 50/50 Lottery on behalf of the
Vancouver Firefighter's Charity Society. The Lottery includes an online 50/50
draw. The Vancouver Firefighter's Charity Society are selling the 50/50 tickets
(license #86340) online at www.darelle.com/Vancouver Firefighters Charity
Society
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The Company has entered into agreements to launch online raffle and/or 50/50
draws with the following organizations
o Crisis Intervention & Suicide Prevention Centre of B.C. online raffle
program
o Cystic Fibrosis Canada online raffle program
o Vancouver AIDS Society online raffle program
The Company has applied to the Saskatchewan Liquor and Gaming Authority to
become a licensed Supplier of Gaming Services in the Province of
Saskatchewan
The Company has completed the development of a Random Number Generator
(RNG). An RNG can determine a prize winner by conducting an electronic draw
using a computer application. Use of the RNG is subject to the certification and
approval of the RNG by Provincial Regulators
The Company has applied to the Liquor & Gaming Authority of Manitoba to
become a licensed Gaming Service Provider in the Province of Manitoba
About Darelle Online Solutions Inc.
Darelle Online Solutions Inc. is a British Columbia corporation with its head office in
Vancouver, British Columbia. Darelle.com is a cause-driven online marketplace
designed to bring consumers, businesses and charities to provide opportunities to buy
and sell, while benefiting the community with each transaction. The Company is listed
on the TSX Venture Exchange as a Tier 2 Technology Issuer. The Company has a total
of 66,838,147 common shares issued and outstanding.
Additional information on the company can be found at www.darelle.com
For Further Information, Contact:
Dean Bethune Kyle Kotapski
President & CEO President, Darelle Media Inc.
Phone (778) 840-3325 Phone (604) 345-0868
Email: dbethune@darelle.com Email: kkotapski@darelle.com
Certain statements in this release are forward-looking statements, including with respect
to the Company's proposed use of proceeds raised from the above-described Offering.
Forward-looking statements consist of statements that are not purely historical,
including any statements regarding beliefs, plans, expectations or intentions regarding
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the future. Such statements are subject to risks and uncertainties that may cause actual
results, performance or developments to differ materially from those contained in the
statements. No assurance can be given that any of the events anticipated by the
forward-looking statements will occur or, if they do occur, what benefits the Company
will obtain from them. In particular, there may be circumstances where for sound
business reasons, a reallocation of funds may be necessary. These forward-looking
statements reflect management's current views and are based on certain expectations,
estimates and assumptions which may prove to be incorrect. A number of risks and
uncertainties could cause our actual results to differ materially from those expressed or
implied by the forward-looking statements, as well as other factors beyond the
Company's control. These forward-looking statements are made as of the date of this
news release.
Neither the 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.
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