LEVIS, QC, July 24, 2013 /CNW Telbec/ - DEQ Systems Corp. (TSXV: DEQ) ("DEQ" or the "Company"), a leading provider of table game bonusing, jackpot and loyalty solutions, announces today the resignation of Mr. Earle G. Hall as President and Chief Executive Officer of DEQ. Francois Proulx, DEQ's Chief Financial Officer, has been appointed by the Board of Directors to assume the CEO position on an interim basis. Mr. Hall has agreed to a transition period with the interim CEO to ensure an effective handover of all strategic initiatives. In addition, Mr. Hall is committed to remain an active member of the Board of Directors in the areas of strategic initiatives and corporate awareness as well as participating in the special committee for the recruitment of a new Chief Executive Officer.
"We are very sorry to see Earle step down as CEO of DEQ" stated Mike Telesmanic, Chairman of the Board of DEQ. "Earle's vision, leadership and entrepreneurial spirit have guided DEQ through its restructuration, financing and product diversification phases as well as positioning the company for long-term growth and profitability. We are all grateful for the tremendous accomplishments he has achieved in building DEQ into an internationally recognized leader in its market segment and his vision, drive and can-do attitude will be missed. He has left a world-class legacy as CEO that the entire DEQ team will continue to build upon to enhance shareholder value. At the same time, we are very happy of his decision and motivation to remain a very active member of the board of directors. His desire to be part of the next phase of the growth of DEQ in a more strategic and advisory role is a clear indication of his belief in DEQ and his desire to be a contributing factor to our success."
"Mission accomplished!" stated Earle G. Hall. "I was given the mandate when I joined DEQ to transform DEQ into a leader in its field and I am very confident that I have, with the amazing team I had the good fortune to work alongside, accomplished that and much more. DEQ is now a strong, viable, financially solid company and I believe that it is time for me to move on to new challenges and projects. However, I do plan to be a very active board member to ensure that there is continuity, stability and cohesion during this transition period as well as contribute what I can to assist the board and management to prepare for the next phase of growth and strategic positioning. I am very confident that Francois is more than capable to lead the team in the interim period. Also, I would particularly like to thank all the shareholders for their support through the trying economic times as well as the support of management and team members. DEQ is a one-of-a-kind team that has become an internationally recognized leader in our market. Finally, I am proud to say I leave DEQ with the processes and a deep bench of many talented people that will ensure that DEQ continues to innovate and grow."
DEQ Systems Corp. (TSXV: DEQ) is a customer-centric company that delivers to the global gaming industry best-of-breed table-game technology-related products that add value and increase client revenue. DEQ provides table-game-bonusing technology, table games, baccarat results tracking, and jackpot connectivity solutions to more than 275 casinos in 30 countries. DEQ is an intellectual-property-focused company that has an extensive patent portfolio of more than 20 patents recognized in 50 countries. For further information, please visit www.deq.com
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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.
For further information:
DEQ Systems Corp.
p. (418) 839-3012
Earle G. Hall
p: (418) 558-1236