eQube Gaming Limited announces appointment of new CEO

International gaming expert appointed to lead eQube's next stage of growth


EDMONTON, Oct. 11, 2016 /CNW/ - eQube Gaming Limited (TSX-V: EQG) ("eQube" or the "Company") today announced the appointment of John Purcell as Chief Executive Officer ("CEO") of the Company, reporting to the Chairman of eQube's board of directors (the "eQube Board"). In the view of the eQube Board, the Company is at a crucial stage in its growth as a leading provider of eBingo solutions and Mr. Purcell's appointment is expected to result in a focus on expanding eQube's existing customer base, introducing the Company to market leading operators in jurisdictions where it does not currently operate, and directing an expanding product portfolio to complement the eQube gaming system.

Mr. Purcell is a 25-year veteran of the global gaming industry with recognized expertise in developing domestic and international gaming markets, as well as providing industry leading expertise in advanced gaming technologies. Prior to his appointment as CEO, Mr. Purcell served as Chief Operating Officer of the Company.

"To be able to lead and add value to the enhancement of an exciting company, such as eQube, is a privilege. We have the most comprehensive suite of eBingo products in the market for gaming operators and have proven that we add tangible value to our customers," said Mr. Purcell. "eQube has been an understated presence in the market with an incredible offering that has already been adopted by leading tribal, commercial and charitable operators. I look forward to taking on the challenge of driving eQube to the eBingo market leading presence I know it can be, globally".

Mr. Purcell replaces Kent Tong who has resigned from his position as CEO, and from the eQube Board, although he shall remain as an advisor to the eQube Board. Mr. Tong has been appointed as Chief Operating Officer ("COO") of the Company, reporting to the CEO. In his role as COO, Mr. Tong is expected to continue to provide a pivotal role in the Company's operations as well as ongoing market and technology development. The eQube Board, management, and staff of eQube have united in thanks to Kent Tong for his service as President and CEO, as he laid the strong foundations of the Company over the past 17 years.

About eQube:

eQube is a leading provider of electronic bingo (eBingo) systems for land based gaming operators in commercial and charitable gaming facilities. eQube has the majority market share in the Canadian regulated bingo market, as well as the Irish market and operates the linked bingo games in Alberta and Ireland. Current solutions, consisting of commercial eBingo, linked wide area bingo, traditional bingo and automated bingo style electronic games are complemented by enterprise class accounting and back office reporting combined with open platform customer management data tools. eQube's platform provides new and enhanced revenue channels by enhancing the experience, environment and service to our clients' customers.

eQube has been offering its eBingo and related gaming solutions to commercial, tribal, regulatory and charitable customers worldwide since its inception in 1999. eQube is listed on the TSX Venture Exchange under the symbol EQG. For more information visit: www.eqube.com

Disclaimer in Regards to Forward-Looking Statements

This news release contains forward-looking statements and information ("forward-looking statements") within the meaning of applicable securities laws and is based on the expectations, estimates and projections of management of eQube as of the date of this news release, unless otherwise stated. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking statements.  Such forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future and include, but are not limited to, statements with respect to future results from the changes to the Company's management team. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.  Forward looking information provided in this news release is also based on certain assumptions regarding expected growth, results of operations, performance and business prospects and opportunities.  Accordingly, readers should not place undue reliance on the forward-looking statements contained in this news release. 

Since forward-looking statements addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties.  Actual results could differ materially from those currently anticipated due to a number of factors and risks.  These risks include that management of the Corporation may resign or may not perform their roles as currently expected. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information regarding some of these risks, expectations or assumptions and other factors may be found in eQube's filings with the Canadian securities regulators, available at www.sedar.com. The reader is cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and eQube undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE eQube Gaming Limited

Image with caption: "eQube Gaming Limited (CNW Group/eQube Gaming Limited)". Image available at: http://photos.newswire.ca/images/download/20161011_C1200_PHOTO_EN_793275.jpg

For further information: For media inquiries, please contact: John Purcell, CEO, Email: jpurcell@eqube.com; For investor inquiries, please contact: Michael Kahn, CFO, Email: mkahn@eqube.com; Colwell Capital Corp., Graeme Dick, Email: graeme@colwellcapital.com


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