LEVIS, QC,
April 27 /PRNewswire-FirstCall/ - DEQ
Systems Corp. (TSXV: DEQ) ("DEQ" or the "Company"), a leading
provider of table game bonusing, jackpot and loyalty solutions,
announces today that it has modified its project announced on
April 8, 2011 to reprice 4,385,000
stock options of the Company from $0.35 to
$0.42, subject to regulatory and disinterested shareholders'
approval. All the information regarding the initial repricing of
stock option is available in the Management Proxy Solicitation
Circular dated April 7, 2011 that is
available on SEDAR at www.sedar.com or on DEQ's website in the
Invest/Corporate Information section.
Therefore, a total of 3,935,000 stock options
with an exercise price between $0.46 and
$1.45 per share, with expiry dates between 2014, and 2019,
will be repriced at an exercise price of $0.42. With the recent stock price appreciation
over the past weeks with the market reaction to the acceleration in
our product placement, the Board of Directors thought it's
important to ensure that the repricing be done at a premium to the
current stock price activity and recent important
installations.
In accordance with TSX Venture Exchange
policies, the repricing of any options held by officers and
directors of a company is subject to disinterested shareholders'
approval. Accordingly, disinterested shareholders of the company
will be asked to approve the repricing of 3,225,000 stock options
held by officers and directors as well as the 710,000 stock options
held by employees at DEQ's annual and special meeting scheduled on
May 11, 2011.
ABOUT DEQ
DEQ Systems Corp. (TSXV: DEQ) is a global provider of gaming
technology in over 30 countries. Protected by more than 20 patents
in 50 countries, DEQ specializes in progressive and random bonusing
systems for table games. DEQ's innovation and ingenuity has been to
replace the single dollar coin slot and sensor with its
internationally award winning G3™ technology. The G3
incorporates multiple credit betting, dealer hand betting and
mystery bonusing. DEQ also commercializes technology and patents
including the award winning baccarat revolution, EZ
Baccarat™ and related auxiliary products such as EZ
Trak™. DEQ is and will continue to lead innovation in
the table game bonusing segment of the global gaming market. For
further information, please visit www.deq.com
TSX Venture does not accept any responsibility
regarding the accuracy of the information contained in this press
release.
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.
SOURCE DEQ SYSTEMS CORP.