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 disclosed 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
options 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. 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.
Earle G. Hall, President and CEO
of DEQ reports: "The market reaction to the acceleration in our
product placement has prompted the Board of Directors to increase
the exercise price of the repricing to $0.42 to ensure that DEQ demonstrates the proper
respect for our shareholders."
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 onMay 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(TM) 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(TM)
and related auxiliary products such as EZ Trak(TM). 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.