MONTREAL, April 27 /CNW Telbec/ - 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
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 on May 11, 2011.
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
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
SOURCE DEQ SYSTEMS CORP.
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