DEQ Appoints Michael Hackman to the Board of Directors
September 18 2008 - 2:31PM
Marketwired
DEQ Systems Corp. (TSX VENTURE: DEQ), a leading provider of table
game bonusing, jackpot and loyalty solutions, announced today the
appointment of Michael Hackman to the Board of DEQ.
Mr. Hackman has more than 30 years experience in the Asian and
Australian gaming and lottery industry. His experience includes
executive management positions spanning five Australian
government-licensed casinos, specializing in the opening and
establishment of operations and the conceptualization and
implementation of wide-area networked games. In 1993, Mr. Hackman
founded the Admirals Group to provide operational management
expertise to the growing Asian and Australian gaming markets,
commencing with the gaming management contracts onboard the
Tasmanian government-owned Spirit of Tasmania ships, P&O
Cruises and Norwegian Capricorn Line.
Mr. Hackman is currently serving as managing director of
Admirals Group. The team boasts considerable experience and
expertise in all facets of gaming management, policy advice and
regulation in both Australian and international jurisdictions. As
well, Mr. Hackman is currently Vice-President of the Tasmanian
Section of the Royal Flying Doctor Service of Australia and has
been bestowed Life Membership for services to this iconic
Australian organization.
Mr. Hackman's educational expertise includes a Master of
Politics and Public Policy from Macquarie University and a Graduate
Certificate of Management from the Australian Graduate School of
Management at the University of NSW. Mr. Hackman is a Fellow of the
Australian Institute of Company Directors and is a Graduate of the
Royal Australian Air Force Officer Training School. Mr. Hackman is
a current member of the Australasian Gaming Council, the National
Association for Gambling Studies and is a committee member on the
Tasmanian Gambling Industry Group.
"Michael's outstanding reputation in Macau, Singapore, Australia
and Malaysia as well as throughout Australasia is simply
incredible," stated Earle G. Hall, President and CEO of DEQ. "It is
a privilege for DEQ
to welcome such as recognized and reputable person to the Board
of Directors. His Asian commercialization experience will be a
definite catalyst to our expansion and growth plan for this very
important market."
Marcel Lachance, co-founder, former Chief Financial Officer and
board member of DEQ has offered his seat on the Board of Directors
to make way for the arrival of Michael Hackman. The Board of
Directors accepted Marcel Lachance's resignation noting the many
important accomplishments that Marcel has made over the course of
his 10 years of dedication to DEQ. It is with great nostalgia that
the company says goodbye to Marcel remembering the countless hours
he contributed to the success of DEQ.
In accordance with the company's Board of Director's previously
disclosed compensation plan, 100,000 stock options were issued to
Mike Hackman as per the stock option plan of the Corporation. Each
option will confer to its holder the right to subscribe one (1)
common share of DEQ Systems Corp. at an exercise price of 60 cents
($0.60) per share. Stock options are fully vested as of the date of
grant.
ABOUT DEQ
Founded in 1998, DEQ Systems Corp. (TSXV: 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 2008. "2008 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