LEVIS, QC, Dec. 23 /CNW Telbec/ - DEQ Systems Corp. (TSX-V: DEQ) ("DEQ" or the "Company"), a leading provider of table game bonusing, jackpot and loyalty solutions, announces today the issuance of 35,000 stock options to Mr. Earle G. Hall as part of his annual compensation as a board member. On November 30, 2009, Mr. Hall received 65,000 stock options instead of the normal amount of 100,000 stock options due to insufficient stock options available in the approved plan. Each option will confer to its holder the right to subscribe one (1) common share of DEQ Systems Corp. at an exercise price of forty-six cents ($0.46) per share. Stock options are fully vested as of the date of grant.
Also, the Company would like to announce that the increase of its stock option plan from 5,300,000 to 6,500,000 common shares has been approved by the TSX Venture Exchange. This represents less than 10% of the issued and outstanding common shares of the Company.
Founded in 1998, DEQ Systems Corp. (TSXV: DEQ) is a leader in the table game bonusing technology field. DEQ's patents, products and features include side bet bonusing games with progressive and random jackpot prizes, slot machine style mystery bonusing, multiple credit and denomination betting flexibility, dealer hand betting, electronic credit bank, electronic rake, baccarat hand tracking, multimedia animation and sound effects. DEQ has an extensive patent portfolio that is recognized in more than 50 countries such as the USA, Macau, Australia and Canada. DEQ's bonusing solutions and products are present in more than 200 casinos in over 30 countries. 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.
For further information: For further information: Earle G. Hall, President & CEO, DEQ Systems Corp., (418) 839-3012, firstname.lastname@example.org; Francois Proulx, Chief Financial Officer, DEQ Systems Corp., (418) 839-3012, email@example.com