DEQ's G3 Gets Final Approval by Nevada Gaming Control Board
09 Maggio 2008 - 4:26PM
Marketwired
LEVIS, QUEBEC , a leading provider of table game bonusing,
jackpot and loyalty solutions, announced today that the Nevada
Gaming Control Board ("NGCB") has approved DEQ's G3(TM) system for
commercialization in the state of Nevada. A conference call will be
held on Monday, May 12th, 2008 at 4h00 p.m. (EST) by management to
discuss this announcement.
"With over 360 casinos, more than 5500 table games and
approximately $12 Billion dollars in annual gaming revenue, Nevada
is the world's premier market for gaming technology
commercialization" stated Earle G. Hall, President & CEO of
DEQ. "This recognition and approval from the world's most respected
gaming commission is the most important achievement in our
company's history and a considerable milestone in our
commercialization."
"With our strategic partners, Station Casinos and Caesars
Entertainment, as well as prestigious clients such as Wynn,
Venetian and MGM, we are very enthusiastic about penetrating this
highly concentrated and lucrative market" stated Marco Estrela,
DEQ's Chief Marketing Officer. "The G3(TM) is an incremental
revenue driver for casino tables. Current technology can only offer
a maximum of seven dollars per round in side betting revenue. DEQ's
multiple credit and player/dealer bet approach offers significant
revenue increase potential when compared to the current
products."
As a result of this NGCB approval, DEQ will receive a onetime
royalty payment of US$1 million in addition to the recurring patent
royalties disclosed in the five (5) year agreement with Stations
Casinos.
Conference Call
A conference call will be held Monday on May 12th, 2008 at 4h00
p.m. (EST) to discuss this announcement. Those interested in
participating should dial (416) 644-3427 or toll free 1 (800)
588-4942. A visual presentation (PowerPoint) will be available
Monday on DEQ's website (www.deq.com) in the section News Room /
Info@DEQ to support the call content.
ABOUT THE G3(TM)
The G3(TM) is a linkable bonusing, jackpot and loyalty
server-based system that brings an entire suite of important
bonusing processes to table games, providing casinos with increased
revenues and additional player participation. With the G3(TM),
players can place multiple side bets on their own hands but also on
the dealer's hand. The system also has several bonuses such as the
Magic Card(TM) and the Lucky Player(TM) which are both high
frequency prizes, awarded to keep the players' interest. The G3(TM)
replaces existing bonusing systems with exciting, user friendly
applications and is adaptable to any live table game such as poker,
blackjack or baccarat.
ABOUT DEQ
Founded in 1998, DEQ Systems Corp. (TSX VENTURE: DEQ) is a
leader in the table game bonusing technology field. DEQ's patents,
products and features include side bet bonusing games with
progressive and random jackpot prizes, slot machine style mystery
bonusing, multiple credit and denomination betting flexibility,
dealer hand betting, electronic credit bank, electronic rake,
baccarat hand tracking, multimedia animation and sound effects. DEQ
has an extensive patent portfolio that is recognized in more than
50 countries such as the USA, Macau, Australia and Canada. DEQ's
bonusing solutions and products are present in more than 200
casinos in over 30 countries. For further information, please visit
www.deq.com
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. DEQ Systems Corp. has been selected in
the TSX Venture 50 in 2007. "2007 Venture 50" is a trademark of TSX
inc. and is used under license. TSX Venture does not accept any
responsibility regarding the accuracy of the information contained
in this press release.
Contacts: DEQ Systems Corp. Earle G. Hall President & CEO
418-839-3012 earle.hall@deq.com DEQ Systems Corp. Marco Estrela
Chief Marketing Officer 418-839-3012 marco.estrela@deq.com
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