eQube Gaming Limited Announces Update on Recent Activities
/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRE SERVICES/
EDMONTON, AB, Feb. 8, 2017 /CNW/ - eQube Gaming Limited (TSX-V EQG) ("eQube" or the "Company") announces the launch of a number of product variants for the international bingo markets, launched at the ICE show, in London, UK over the 7, 8, and 9 of February. eQube introduced its new products for international deployment to the approximately 30,000 visitors from over 90 countries, with a substantial presence at the largest gaming trade show in the world.
eQube also announces the sale of product to the Spanish bingo market with product ordered for deployment in Andalucia, Spain. This is eQube's first foray into the important Spanish bingo market.
eQube has received USD$1,000,000 in full satisfaction and release of all claims under a previously announced contract to provide electronic bingo operational and management systems for a major bingo facility. The contract was terminated when the facility decided to focus on non-bingo revenue.
John Purcell, Chief Executive Officer of eQube commented "eQube continues to provide opportunities for operators in multiple jurisdictions and will continue to provide value to our client partners to deliver the best of breed products and solutions in the ever growing international bingo market."
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 a majority market share of the Canadian regulated eBingo market, is the leading provider to the Irish digital bingo market and now operates the largest linked bingo game in Western Canada. Current solutions, consisting of commercial eBingo, linked bingo, social games and ancillary systems, are deployed in North America and Europe. eQube's open platform suite of tools provides customers with new revenue channels to deliver and enhance traditional bingo income for lottery, tribal and other gaming organizations.
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 potential future business relationships with the Facility. 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 the inability of the parties to implement any future business relationships.
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
For further information: For media inquiries, please contact: John Purcell, CEO, Email: [email protected], Phone: 353 (0) 21 431 6776; For investor inquiries, please contact: Mike Kahn, CFO, Email: [email protected], Phone: 416-260-4323; Colwell Capital Corp., Graeme Dick, Email: [email protected], Phone: 403-561-8989; eQube Gaming Ltd. (EQG:TSX-V)
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