International gaming expert appointed to lead eQube's next
stage of growth
/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S.
NEWSWIRE SERVICES/
EDMONTON, Oct. 11, 2016 /CNW/ - eQube Gaming Limited
(TSX-V: EQG) ("eQube" or the "Company") today announced the
appointment of John Purcell as Chief
Executive Officer ("CEO") of the Company, reporting to the Chairman
of eQube's board of directors (the "eQube Board"). In the view of
the eQube Board, the Company is at a crucial stage in its growth as
a leading provider of eBingo solutions and Mr. Purcell's
appointment is expected to result in a focus on expanding eQube's
existing customer base, introducing the Company to market leading
operators in jurisdictions where it does not currently operate, and
directing an expanding product portfolio to complement the eQube
gaming system.
Mr. Purcell is a 25-year veteran of the global gaming industry
with recognized expertise in developing domestic and international
gaming markets, as well as providing industry leading expertise in
advanced gaming technologies. Prior to his appointment as CEO, Mr.
Purcell served as Chief Operating Officer of the Company.
"To be able to lead and add value to the enhancement of an
exciting company, such as eQube, is a privilege. We have the most
comprehensive suite of eBingo products in the market for gaming
operators and have proven that we add tangible value to our
customers," said Mr. Purcell. "eQube has been an understated
presence in the market with an incredible offering that has already
been adopted by leading tribal, commercial and charitable
operators. I look forward to taking on the challenge of driving
eQube to the eBingo market leading presence I know it can be,
globally".
Mr. Purcell replaces Kent Tong
who has resigned from his position as CEO, and from the eQube
Board, although he shall remain as an advisor to the eQube Board.
Mr. Tong has been appointed as Chief Operating Officer ("COO") of
the Company, reporting to the CEO. In his role as COO, Mr. Tong is
expected to continue to provide a pivotal role in the Company's
operations as well as ongoing market and technology development.
The eQube Board, management, and staff of eQube have united in
thanks to Kent Tong for his service
as President and CEO, as he laid the strong foundations of the
Company over the past 17 years.
About eQube:
eQube is a leading provider of electronic bingo (eBingo) systems
for land based gaming operators in commercial and charitable gaming
facilities. eQube has the majority market share in the Canadian
regulated bingo market, as well as the Irish market and operates
the linked bingo games in Alberta
and Ireland. Current solutions,
consisting of commercial eBingo, linked wide area bingo,
traditional bingo and automated bingo style electronic games are
complemented by enterprise class accounting and back office
reporting combined with open platform customer management data
tools. eQube's platform provides new and enhanced revenue channels
by enhancing the experience, environment and service to our
clients' customers.
eQube has been offering its eBingo and related gaming solutions
to commercial, tribal, regulatory and charitable customers
worldwide since its inception in 1999. eQube is listed on the TSX
Venture Exchange under the symbol EQG. For more information visit:
www.eqube.com
Disclaimer in Regards to Forward-Looking Statements
This news release contains forward-looking statements and
information ("forward-looking statements") within the meaning of
applicable securities laws and is based on the expectations,
estimates and projections of management of eQube as of the date of
this news release, unless otherwise stated. The use of any of the
words "expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "believe", "plans",
"intends" and similar expressions are intended to identify
forward-looking statements. Such forward-looking statements
are provided for the purpose of providing information about
management's current expectations and plans relating to the future
and include, but are not limited to, statements with respect to
future results from the changes to the Company's management team.
Investors are cautioned that reliance on such information may not
be appropriate for other purposes, such as making investment
decisions. Forward looking information provided in this news
release is also based on certain assumptions regarding expected
growth, results of operations, performance and business prospects
and opportunities. Accordingly, readers should not place
undue reliance on the forward-looking statements contained in this
news release.
Since forward-looking statements addresses future events and
conditions, such information by its very nature involves inherent
risks and uncertainties. Actual results could differ
materially from those currently anticipated due to a number of
factors and risks. These risks include that management of the
Corporation may resign or may not perform their roles as currently
expected. Readers are cautioned that the foregoing list of factors
is not exhaustive. Additional information regarding some of these
risks, expectations or assumptions and other factors may be found
in eQube's filings with the Canadian securities regulators,
available at www.sedar.com. The reader is cautioned not to place
undue reliance on these forward-looking statements. The
forward-looking statements contained in this news release are made
as of the date hereof and eQube undertakes no obligations to update
publicly or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, unless so
required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE eQube Gaming Limited