LEVIS, QC, Sept 24, 2014 /CNW Telbec/ - DEQ Systems Corp. (TSXV: DEQ) ("DEQ" or the "Company"), a leading provider of table game bonusing, jackpot and loyalty solutions, is pleased to announce the renewal of its long-term, non-exclusive distribution agreement with DEK International ("DEK"). Under the Agreement, DEK will continue to distribute the Company's G3 System and table top technology solutions until 2020. As of May 31, 2014, DEK generated more than $1 million of annual recurring revenue for the Company, focused primarily in the Latin America market.
"Renewing our long-term relationship with DEK represents another key step in securing DEQ's global distribution strategy for the next several years. We expect continued growth in key markets, such as Mexico, Peru and Columbia. DEK has been our partner for more than 10 years and is well established in Latin America with a strong market presence in over 90 casinos, located in 20 countries", stated Joseph E. Bertolone, President & CEO of DEQ Systems Corp.
"We are pleased and enthusiastic about the renewal of the agreement with DEQ until 2020. The confidence shown by DEQ in our capabilities of sales and distribution as well as the excellence of service we provide to our customers will allow us not only to strengthen our strategic positioning in the territory but also to expand to newly available markets creating important growth. By combining the uniqueness and exceptional quality of DEQ's table bonusing products, fruit of a real engagement in innovation, along with customer recognition and efficiency of our distribution channels, DEK is the leading provider of table bonusing products in our territories", stated Jean-Paul Sabini, Chief Executive Officer of DEK International.
DEQ | Overview
DEQ Systems Corp. (TSXV: DEQ) is customer-centric delivering solutions to the global gaming industry with best-of-breed table-game technology related products which add value and increase client revenue. DEQ provides table game bonusing technology, table games, baccarat results tracking, and progressive jackpot connectivity solutions to more than 300 casinos in 30 countries around the world. DEQ also 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: Joseph E. Bertolone, President & Chief Executive Officer, DEQ Systems Corp., p. (775) 450-0115, e. [email protected] ; François Proulx, Chief Financial Officer, DEQ Systems Corp., p: (418) 839-3012, e: [email protected]