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November 19, 2013

Avatar Ventures Signs Memorandum of Understanding With Fantasy Sports Website Fantrax.com

CARSON CITY, NV, Nov 19, 2013 (Marketwired via COMTEX) -- Avatar Ventures Corp. (otc pink:ATAR) ("Avatar" "ATAR" or the "Company") is pleased to announce that it has signed a nonbinding Memorandum of Understanding with Vauntek Inc. operating as Fantrax ("Fantrax.com"), a Fantasy Sports Website.

The Memorandum of Understanding contemplates a share exchange agreement between the parties wherein Fantrax.com will become a wholly owned subsidiary of Avatar or other arrangements will be made satisfactory to the parties. The transaction contemplated will be contained in a definitive agreement that is expected to be completed on or before February 15, 2014.

Edward Minnema, President and CEO of ATAR, commented, "We are thrilled to sign this memorandum of understanding between the parties. Fantrax.com is a premium Fantasy sports website with a substantial user base. Fantrax.com is a company with increasing revenues and we believe that once complete this transaction will benefit both Fantrax.com and Avatar shareholders. This is a very exciting time for all the parties involved and we look forward to giving our existing and future shareholders a rare opportunity for growth while at the same time assisting Fantrax.com with added exposure thus adding to its membership base. We are optimistic that the parties will reach a definitive agreement prior to February 15 2014."

According to a Forbes August 20, 2013 article citing statistics from The Fantasy Sports Trade Association, they estimate that 32 million Americans spend $467 per person or about $15 billion(USD) in total playing fantasy sports. Roughly, $11 billion (USD) flows toward football alone. These figures don't count ad revenue for fantasy hosting sites. The NFL's annual revenue falls just under $10 billion currently. So the "derivative" market has grown larger than the foundational market.

Lee Kleiner, President and CEO of Fantrax.com, stated, "Fantrax.com looks forward to working with Avatar towards a definitive agreement that is mutually beneficial to both parties. Fantrax.com is committed to technical innovation and responsive customer service. Our "League Manager" product -- the most widely used product in the industry -- is far superior to our competition and we are constantly introducing new features that aren't available on competitor sites. Our goal is to become the world's #1 fantasy sports destination."

About Avatar Ventures Corp. Avatar Ventures Corp. founded in 2006 is a public company currently investigating revenue producing business ventures including those in the high tech sector. With an advantageous share structure and through the building of a solid management team, the company will endeavor to provide increased shareholder value and at the same time minimize dilution so as to provide maximum return for shareholders. We invite current and prospective shareholders to contact us and learn more about our company by calling Ed Minnema or emailing him at the contact info below. Avatar Ventures Corp. has registered a new website address, www.avatarvcorp.com, which is currently under construction.

About Fantrax.com:

By developing the most powerful and sophisticated Commissioner/League Manager product ever released, Fantrax.com has strategically positioned itself as the most comprehensive fantasy sports website in the industry. Intuitive functionality and cutting-edge customization features allow fantasy sports experts and novices alike to manage their leagues with more flexibility, ease-of-use and convenience than any other league manager product. The feature comparison chart and testimonials speak for themselves. Fantrax.com operates fantasy leagues for NFL, MLB, NBA, NHL, NCAA football & basketball, NASCAR, PGA and Premier League Soccer.. Fantrax.com is the first company ever to offer a full-fledged commissioner product for this wide an array of sports and leagues. Combined with the most detailed real-time stat and analytic/reporting capabilities, a growing list of original content and a wide variety of salary cap and draft games, as well as soon-to-be-released daily games for all sports, Fantrax.com is a complete one-stop shop for fantasy sports fans around the world.

Safe Harbour Statement: This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," or planned, "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
February 15, 2013

Soccer, Football, Futbol, Calcio...
Call It What You Want - The World's Favorite Sport Is Now On Fantrax!

Toronto, Canada, February 15, 2013 - Fantrax, the world's best fantasy sports website, is proud to introduce fantasy soccer leagues and games for Europe's 'Big Five': England's Premier League (EPL), Italy's Serie A, Spain's La Liga, Germany's Bundesliga and France's Ligue 1.

"Soccer is the world's most popular sport, with a very passionate fan base, yet until now there hasn't been a fantasy sports site that allowed people to set up and manage their own leagues - only league-run contests involving millions of participants," says Lee Kleiner, President and CEO of Fantrax. "But what's missing from these massive contests is the most compelling reason for participating in fantasy sports - the social aspect. Fans enjoy setting up leagues with their friends, creating rivalries, showing off their management prowess, and of course, adjusting the rules to their own personal preferences. Competing against strangers using a fixed, arbitrary set of rules just isn't as much fun."

With more features and customizability than any other fantasy sports website, Fantrax offers the only commissioner product that allows users to tailor their experience to their preferred level of complexity. Commissioners and managers have the flexibility to create exactly the kinds of leagues they want.

"During our beta test of the current soccer season, we evaluated constructive feedback from our league managers - everyone from the most hard core experts to casual novices - to develop and refine the game so that it specifically caters to fantasy soccer users," says Kleiner.

"Next season, when we release the 'super' version, all of the same sophisticated features, options and acclaimed customer service that have made Fantrax the number one choice among serious fantasy sports fans will be available for the world's top soccer leagues."

In addition to industry-leading flexibility, Fantrax offers managers time-saving automated tools and applications that make managing leagues easy & fun. An intuitive user interface provides instant access to league standings, live scoring, stats, player news, and much more. Plus, participants who enjoy playing classic daily and weekly cash games are eligible to win hundreds of cash prizes.

"Fantrax is committed to technical innovation and responsive customer service," says Kleiner. "We're always listening to what our users want, and constantly introducing new features that aren't available on competitor sites. "Soccer is just the beginning, and we will soon be adding more global sports. Our goal is to become the world's #1 fantasy sports destination."

Promote your leagues to the pinnacle and play Big 5 Fantasy Soccer on Fantrax. Because the world's most popular sport deserves the world's best sports fantasy website.

About Fantrax:
By developing the most powerful and sophisticated commissioner product ever released, Fantrax has strategically positioned itself as the most comprehensive fantasy sports website in the industry. Intuitive functionality and cutting-edge customization features allow fantasy sports experts and novices alike to manage their leagues with more flexibility, ease-of-use and convenience than other league manager product. Our feature comparison chart and testimonials speak for themselves (come have a look at Fantrax.com). Fantrax operates fantasy leagues for NFL, MLB, NBA, NHL, NCAA football & basketball, NASCAR, PGA and, new for this year, the Big 5 European soccer leagues - EPL, Bundesliga, La Liga, Serie A, and Ligue 1. Fantrax is the first company ever to offer a full-fledged commissioner product for this wide an array of sports and leagues. Combined with the most detailed real-time stat and analytic/reporting capabilities, a growing list of original content and a wide variety of salary cap and draft games, as well as soon-to-be-released daily games for all sports, Fantrax is a complete one-stop shop for fantasy sports fans around the world.


January 17, 2013

Fantasy Sports Trade Association Selects Fantrax as 2012 Finalist for
Best League Commissioner Product

FSTA Industry Award Recognizes Technical Innovation

The Fantasy Sports Trade Association (FSTA) has selected Fantrax as one of five finalists for its most prestigious annual industry award - Best League Commissioner Product.

The nomination recognizes outstanding technical innovation in the area of league manager products, also known as fantasy commissioner products. Fantrax earned its nomination largely by offering more features, flexibility and sports leagues than any other fantasy sports website, thereby catering to the greatest combination of user preferences.

"It's an honor to once again be nominated for this award alongside industry giants such as CBS Sports and NFL.com," says Kleiner. "I'm extremely proud of the Fantrax team for developing what I truly believe to be the best commissioner product with only a fraction of the resources available to those organizations. Being recognized for our technical innovation is a testament to the dedication that we have poured into this product for the past seven years."

"Fantrax is always listening to what our users want," says Lee Kleiner, President and CEO of Fantrax. "Development of our commissioner product, in fact our entire platform, is driven by feedback from tens of thousands of our users, over multiple seasons, in multiple sports. That's why it's constantly improving."

In addition to industry-leading flexibility, Fantrax offers managers a wide array of time-saving automated tools. An intuitive user interface makes league management accessible to every level of fantasy sports enthusiast, from absolute novice to seasoned pro.

FSTA Award winners will be announced at the industry winter conference on January 22, 2013, in Las Vegas. For Fantrax, this is its second nomination in the Best Commissioner Product category.

About Fantrax:

By developing the most powerful and sophisticated commissioner product ever released, Fantrax has strategically positioned itself as the most comprehensive fantasy sports website in the industry. Intuitive functionality and cutting-edge customization features allow fantasy sports experts and novices alike to manage their leagues with more flexibility, ease-of-use and convenience than other league manager product. Our feature comparison chart and testimonials speak for themselves (come have a look at Fantrax.com). Fantrax operates fantasy leagues for NFL, MLB, NBA, NHL, NCAA football & basketball, NASCAR, PGA and, new for this year, the Big 5 European soccer leagues - EPL, Bundesliga, La Liga, Serie A, and Ligue 1. Fantrax is the first company ever to offer a full-fledged commissioner product for this wide an array of sports and leagues. Combined with the most detailed real-time stat and analytic/reporting capabilities, a growing list of original content and a wide variety of salary cap and draft games, as well as soon-to-be-released daily games for all sports, Fantrax is a complete one-stop shop for fantasy sports fans around the world.