DEQ Names New Chairman and Issues Stock Options
May 29 2008 - 2:53PM
Marketwired
LEVIS, QUEBEC ("DEQ" or the "Company"), a leading provider of
table game bonusing, jackpot and loyalty solutions, announces today
the appointment of Mike Telesmanic as Chairman of the Board of
DEQ.
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's academic background includes undergraduate studies in
Administration from Santa Clara University as well as extensive
formal training Casino Management and Operations.
Other Board of Director appointments include:
- Herve Eschasseriau, Director and President of the Governance
Committee
- Marcel Lachance, Director and President of the Audit
Committee
"As a leading edge provider of high tech gaming solutions, it is
a true privilege to have Mike Telesmanic accepts the position of
chairman" stated Earle G. Hall, President and CEO at DEQ. "His
international track record and experience will be a definite
catalyst to our USA, European and Asian initiatives. As well, the
combined experience and expertise of the new and re-elected board
members and committee chairs will definitely be a strategic
advantage as we execute our 2008-2009 business plan."
As well, the Company issued 225,000 stock options in accordance
with the stock option plan of the Corporation to the three new
directors elected at the annual shareholders' meeting on May 28th
2008. Each of the three (3) new board members (Mike Telesmanic,
Alexandre Lattes and Herve Eschasseriau) has been granted 75,000
stock options, for a total of 225,000 stock options. Each option
will confer to its holder the right to subscribe one (1) common
share of DEQ Systems Corp. at an exercise price of one dollar
twenty two cents ($1.22) per share. Stock options are fully vested
as of the date of grant.
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