LAS VEGAS, July 8, 2015 /CNW/ - DEQ Systems Corp. (TSX-V: DEQ) ("DEQ") and Talisman Group ("Talisman") announced today that they have jointly settled the lawsuit filed in the Federal Court in Las Vegas disclosed in the January 23, 2015, DEQ Press Release.
Representatives of both DEQ and Talisman stated that they would continue to work jointly to accelerate the marketing and distribution of the EZ Baccarat table game and EZ Trak™ electronic scoring system, the EZ Baccarat progressive, online game and electronic terminal applications to casino operators worldwide.
Joe Bertolone, President and CEO of DEQ stated, "Since I've been with DEQ, the relationship between the Talisman Group and our management team has been excellent DEQ and Talisman have been strategically working together to leverage the EZ Baccarat brand and its future. This settlement resolves some legacy matters and the distractions and costs associated with litigation. We will now continue to focus on DEQ's evolution. The EZ Baccarat brand and solutions are expected to be key players in our growth."
EZ Baccarat has over 700 table games installed throughout the US, Canada and Macau. In April of 2014, DEQ announced a deal with LT Game, a subsidiary of Paradise Entertainment Limited (SEHK: 1180) to distribute EZ Baccarat throughout Asia. The EZ Baccarat online game launched on the GameAcccount Network™ (ISE: GAME) Simulated Gaming™ platform in March.
"With the settlement, DEQ and Talisman enter a new era with EZ Baccarat, the leading baccarat brand in the world. We expect the brand, in its various distribution channels, will now expand at an accelerated rate," said Robin Powell, Principal at Talisman.
About DEQ Systems Corp.
DEQ Systems Corp. (TSXV: DEQ) is a market leader in Table Game Systems, live and online Proprietary Table Games content and Table Top Utility solutions. DEQ markets industry leading brands such as the G3™ Table Progressive System and the EZ Baccarat™ live and online Proprietary Table Game. DEQ's systems and games are installed in over 300 casinos, in 30 countries around the world. For further information, please visit www.deq.com
About Talisman Group
EZ Baccarat® is a game created and developed by Robin Powell and Francisco "TJ" Tejeda of the Talisman Group. EZ Baccarat is a revolutionary method of accelerating the speed of baccarat by eliminating the commission. The EZ Baccarat method bars a three-card total of seven and is trademarked as the "Dragon 7™". Players can also make optional side wagers called Dragon 7 and Panda 8. The Dragon 7 is when the Banker wins with a total of seven consisting of three cards and pays 40 to 1. The Panda 8 is when the Player wins with a total of eight consisting of three cards and pays 25 to 1.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE DEQ SYSTEMS CORP.
For further information: Joe Bertolone, President & Chief Executive Officer, DEQ Systems Corp., p: (775) 450 - 0115, e: [email protected] ; Chris Benak, Chief Financial Officer, DEQ Systems Corp., p: (702) 553 - 4431, e: [email protected]