LEVIS, QC, July 21, 2014 /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 issuance of 250,000 stock options to Mr. Joseph E. Bertolone, President and Chief Executive Officer of the Company. 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 cents ($0.40) per share. Stock options will be vested 20% per year over a five-year term starting from the first anniversary date of the granting of the stock options.
Also, the Company would like to announce that the increase of its stock option plan from 6,900,000 to 7,165,000 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.
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
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: Francois Proulx, Chief Financial Officer, DEQ Systems Corp., p: (418) 839-3012, e: [email protected]; Marie-Josée Paquin, Marketing and Communications Manager, DEQ Systems Corp., p: (418) 839-3012, e: mailto:[email protected]