DEQ Issues Stock Options
LEVIS, QC, March 11, 2013 /PRNewswire/ - 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 520,000 stock options to its independent board members as part of their annual compensation in accordance with the stock option plan of the Company.
A total of 520,000 options were granted to the independent Board of Directors as follows: Mr. Michael Telesmanic, Chairman of the Board, has received 120,000 stock options and the other four independent members each received 100,000 stock options. The other independent board members are comprised of Mr. Hervé Eschasseriau, Mr. Michael Hackman, Mr. Alexandre Lattès and Mr. Jean-Claude Vachon. Each option will confer to its holder the right to subscribe one (1) common share of DEQ Systems Corp. at an exercise price of thirty-nine cents ($0.39) per share. Stock options are fully vested as of the date of grant.
DEQ Systems Corp. (TSXV: DEQ) is a customer centric company that delivers best of breed table game technology related products to the global gaming industry that adds value and increases client revenue. DEQ provides table game bonusing technology, table games, table game 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.