Business
Darelle Provides Operational Update
Vancouver, British Columbia--(Newsfile Corp. - October 2, 2017) - Darelle Online Solutions ...
About this update from Darelle Online Solutions Inc.
[{"type":"text","content":"Darelle Provides Operational UpdateVancouver, British Columbia--(Newsfile Corp. - October 2, 2017) - Darelle Online Solutions Inc. (TSXV: DAR) (\"darelle\" and/or the \"Company\") today provided an operational update. On August 22, 2017, the Company announced the launch of its' mobile ticket delivery system (\"MTD System\"). The MTD System utilizes smart phones and tablets instead of fixed hardware to provide supporters with a more cost-effective solution to sell and deliver raffles and/or 50/50 tickets. The removal of the hardware cost associated with traditional Electronic Raffle Systems (ERS) will allow many more charitable and non-profit organizations to host raffle and 50/50 draws. Since initial launch the Company has been successfully using the MTD System in the delivery of ongoing raffles and offers the service as a standard option for all new raffles. The MTD System can be used in conjunction with traditional offline and online ticket sales allowing for the greatest flexibility for organizations.During the fiscal year ended August 31, 2017, the Company processed raffle ticket proceeds, in excess of $600,000. During the month of September 2017, the Company launched four new raffles with combined projected proceeds in excess of $650,000. October will see the launch of even more and with the addition of November and December launches projected ticket sales could exceed $2,000,000 during the first four months of the 2018 fiscal year. \"We are seeing organizations return for their second raffle now which is the ultimate testimonial\", says Kyle Kotapski, President of Darelle Media Inc. \"The growth of the platform in the province of British Columbia has met our expectations. Geographic expansion across Canada is in our immediate plans.\"Chase the Ace Raffle PlatformThe Company recently announced the development of a \"Chase the Ace\" raffle service offering. Chase the Ace raffles are a combination of a traditional and a progressive 50/50 raffle, where one participant will win a percentage of the proceeds from the primary draw, normally 20% and the opportunity to draw a card to win the progressive portion, normally 30%. If they draw the Ace of Spades they win the additional progressive jackpot and if not, it is carried over and the same process repeated at the next draw until the progressive pool is won. Someone wins at every ...