DEQ Announces Results of Annual and Special Meeting and Organizational Changes

May 28, 2015, 09:23 ET from DEQ SYSTEMS CORP.

LEVIS, QC, May 28, 2015 /PRNewswire/ - DEQ Systems Corp. (TSX-V: DEQ) ("DEQ" or the "Company") is pleased to announce that each of the director nominees listed in the management information circular of DEQ dated March 31, 2015 (the "Circular") were elected as directors of DEQ. The vote was conducted at DEQ's annual and special meeting of shareholders, which took place on May 27, 2015 in Québec City. All other matters set out in the Circular were approved by shareholders at the meeting.

Following the conclusion of the meeting, and after a discussion with the members of the board of directors of DEQ (the "Board"), Mr. Joseph M. Telesmanic, Chairman of the Board, stepped down from the Board. He will continue to act as a consultant to the Board. The Board wishes to thank Mr. Telesmanic for his invaluable contributions to DEQ and dedication to the Company during his tenure, and wishes him well in his future endeavors.

DEQ is pleased to announce that its Board has appointed Mr. David D. Ross as an independent director of the Company to fill the vacancy left by Mr. Telesmanic. Mr. Ross served as Chief Executive Officer and Director of Affinity Gaming from 2011 to 2014. He previously served as the Chief Operating Officer - Gaming and as a member of the Office of the Chief Executive Officer for Herbst Gaming Inc., a predecessor of Affinity Gaming. Prior to joining Herbst Gaming Inc. in May 2009, Mr. Ross spent 25 years with Coast Casinos, now a division of Boyd Gaming Corp., serving in a variety of management positions. Most recently he served as Coast Casinos' Chief Operating Officer from 2004-2008. Mr. Ross earned a B.A. in Business Management and a M.S. in Hotel Administration from the University of Nevada, Las Vegas.

"I am very excited about DEQ's future and privileged to be a member of its Board," stated Mr. Ross. "DEQ's loyal customer base, table systems and proprietary table game offerings provide a great platform to spring board into new markets and customers. DEQ's pristine balance sheet and strong financial stability position the company well for continued success."

The Board is now composed of the following four members: Messrs. Joseph E. Bertolone, Earle G. Hall, Alexandre Lattès and David D. Ross, two of whom are independent within the meaning of National Instrument 52-110, namely Messrs. Lattès and Ross. Mr. Ross will act as Chairman of the Board and as the Whistleblower Officer. The audit committee will now consist of Messrs. Lattès (Chair), Ross and Bertolone, the governance and compensation committee will consist of Messrs. Ross (Chair), Lattès and Hall, and the compliance committee will consist of Messrs. Lattès (Chair), Hall and Bertolone. 

ABOUT DEQ 

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 our G3™ Table Progressive System and our EZ Baccarat™ live and online Proprietary Table Game content. 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.  


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.



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