DEQ Updates on Board Composition
May 28 2008 - 2:13PM
Marketwired
LEVIS, QUEBEC ("DEQ" or the "Company"), a leading provider of
table gaming bonusing, jackpot and loyalty solutions, today
announced that DEQ shareholders elected three new members to the
Board of Directors at the Annual General Meeting of shareholders
held earlier today in Quebec City, Quebec.
Of the 69,907,919 common shares issued and outstanding of the
Company, 29,380,453 were represented at the meeting (in person or
by proxy). A proxyholder representing shareholders holding
21,499,687 or 73.2% of the total shares represented at the meeting
voted in favour of the three candidates as directors which had not
been proposed by the management to the shareholders in the
management proxy circular. All other matters put before the
shareholders were approved as per said circular.
Jean Lambert, outgoing chairman stated "We welcome these new
directors which will add core gaming and capital markets expertise
to the board of directors of DEQ. We believe that the constitution
of a truly international board of directors is what DEQ needed at
this point, to more effectively address the US, European and Asian
market opportunities."
The new Board of Directors consists of the following new and
re-elected members:
- New Members of the Board of Directors
Mike Telesmanic
Mr. Telesmanic has more than 30 years of International Gaming
Industry experience. He is currently serving as the Principal
Director of National Gaming Development Group which develops casino
projects on a global level. Previous positions held include Vice
President Table Games, Foxwoods Resort Casino, CEO Genting PTY
Casino Strategy Firm and CEO Adelaide Casino, South Australia. Mr.
Telesmanic holds a BA in Administration from Santa Clara University
as well as extensive formal training Casino Management and
Operations.
Alexandre Lattes
Mr. Lattes is presently serving as CEO of COGEVAL since 2004.
Based in Paris COGEVAL is private investment firm. Prior to this
appointment, Mr. Lattes served as a financial analyst for several
French brokerage firms including Gilbert Dupont Groupe and Credit
du Nord. Mr Lattes currently serves on the Board of Directors of
Maison Antoine Baud, which is listed on the Marche Libre in France.
Mr. Lattes is a member of the SFAF, French Society of Financial
Analyst.
Herve Eschasseriau
Mr. Eschasseriau holds a License and Masters Degree as well as a
DEA in Corporate Law from Sorbonne University in France as well as
a Masters Degree in Business Administration from the Paris
Institute of Political Science. Mr. Eschasseriau is currently
serving as the President of GGA in Paris which is an insurance
brokerage firm specialized foreign and domestic insurance in
technology. Previous positions held by Mr. Eschasseriau include
Fiscalist at Peat Marwick Mitchell (now KPMG) in Dallas, Texas as
well as Private Wealth Manager at DR Private Wealth Management in
Paris France.
- Re-elected Members
Jean-Claude Vachon, President of Gestion J.C.V. Inc. a Private
Investment Firm.
Marcel Lachance, C.A., Former CFO of DEQ
Earle G. Hall, President and CEO of DEQ
"We would like to thank the outgoing directors for their
dedication and guidance over the past years," said Earle G. Hall,
President and CEO of DEQ. "With the recent approval of the G3
System by the Nevada Gaming Commission, the Company is now moving
into a new phase of its history, with a strong sales focus and the
support of top tier distribution partners. The new directors will
add incremental, significant casino gaming industry and capital
markets expertise to the current team and we look forward to their
leadership and counsel as we tackle the tremendous market
opportunities in the United States, Europe and Asia."
Jean Lambert, former Chairman, Richard Garneau, former Auditing
Committee Chair and Frank Ricciuti, former Corporate Governance
Chair have been retained as consultants for a period of three (3)
months to ensure a professional and harmonious transition with the
new members.
ABOUT DEQ
Founded in 1998, DEQ Systems Corp. (TSX VENTURE: DEQ) is a
leader in the table game bonusing technology field. DEQ's patents,
products and features include side bet bonusing games with
progressive and random jackpot prizes, slot machine style mystery
bonusing, multiple credit and denomination betting flexibility,
dealer hand betting, electronic credit bank, electronic rake,
baccarat hand tracking, multimedia animation and sound effects. DEQ
has an extensive patent portfolio that is recognized in more than
50 countries such as the USA, Macau, Australia and Canada. DEQ's
bonusing solutions and products are present in more than 200
casinos in over 30 countries. For further information, please visit
www.deq.com
Forward-looking statements contained in this Press Release
involve known and unknown risks, uncertainties and other factors
that may cause actual results, performance and achievements of the
Company to be materially different from any future results,
performance or achievements expressed or implied by the said
forward-looking statements. DEQ Systems Corp. has been selected in
the TSX Venture 50 in 2007. "2007 Venture 50" is a trademark of TSX
inc. and is used under license. TSX Venture does not accept any
responsibility regarding the accuracy of the information contained
in this press release.
Contacts: DEQ Systems Corp. Earle G. Hall President & CEO
418-839-3012 earle.hall@deq.com DEQ Systems Corp. Francois Proulx
Chief Financial Officer 418-839-3012 francois.proulx@deq.com