LEVIS, QC,
July 24, 2013 /CNW Telbec/ - DEQ
Systems Corp. (TSXV: DEQ) ("DEQ" or the "Company"), a leading
provider of table game bonusing, jackpot and loyalty solutions,
announces today the resignation of Mr. Earle G. Hall as President and Chief Executive
Officer of DEQ. Francois Proulx,
DEQ's Chief Financial Officer, has been appointed by the Board of
Directors to assume the CEO position on an interim basis. Mr. Hall
has agreed to a transition period with the interim CEO to ensure an
effective handover of all strategic initiatives. In addition,
Mr. Hall is committed to remain an active member of the Board
of Directors in the areas of strategic initiatives and corporate
awareness as well as participating in the special committee for the
recruitment of a new Chief Executive Officer.
"We are very sorry to see Earle step down as CEO
of DEQ" stated Mike Telesmanic,
Chairman of the Board of DEQ. "Earle's vision, leadership and
entrepreneurial spirit have guided DEQ through its restructuration,
financing and product diversification phases as well as positioning
the company for long-term growth and profitability. We are all
grateful for the tremendous accomplishments he has achieved in
building DEQ into an internationally recognized leader in its
market segment and his vision, drive and can-do attitude will be
missed. He has left a world-class legacy as CEO that the entire DEQ
team will continue to build upon to enhance shareholder value. At
the same time, we are very happy of his decision and motivation to
remain a very active member of the board of directors. His desire
to be part of the next phase of the growth of DEQ in a more
strategic and advisory role is a clear indication of his belief in
DEQ and his desire to be a contributing factor to our success."
"Mission accomplished!" stated Earle G. Hall. "I was given the mandate when I
joined DEQ to transform DEQ into a leader in its field and I am
very confident that I have, with the amazing team I had the good
fortune to work alongside, accomplished that and much more. DEQ is
now a strong, viable, financially solid company and I believe that
it is time for me to move on to new challenges and projects.
However, I do plan to be a very active board member to ensure that
there is continuity, stability and cohesion during this transition
period as well as contribute what I can to assist the board and
management to prepare for the next phase of growth and strategic
positioning. I am very confident that Francois is more than capable
to lead the team in the interim period. Also, I would particularly
like to thank all the shareholders for their support through the
trying economic times as well as the support of management and team
members. DEQ is a one-of-a-kind team that has become an
internationally recognized leader in our market. Finally, I am
proud to say I leave DEQ with the processes and a deep bench of
many talented people that will ensure that DEQ continues to
innovate and grow."
ABOUT DEQ
DEQ Systems Corp. (TSXV: DEQ) is a
customer-centric company that delivers to the global gaming
industry best-of-breed table-game technology-related products that
add value and increase client revenue. DEQ provides
table-game-bonusing technology, table games, baccarat 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.