LEVIS, QC, Nov. 30, 2011 /PRNewswire/ - DEQ Systems Corp. (TSX-V: DEQ) ("DEQ" or the "Company"), a leading provider of table game bonusing, jackpot and loyalty solutions, announces today the issuance of 500,000 stock options to its independent board members as part of their annual compensation. Also, the Company's stock option plan has been amended to increase the number of common shares available for stock option grants under the plan from 6,500,000 to 6,900,000 common shares, which represents less than 10% of the issued and outstanding common shares of the Company. The amendment to the stock option plan remains subject to the approval of the TSX Venture Exchange.
A total of 500,000 options were granted to the independent Board of Directors as follows: Mr. Michael Telesmanic, Chairman of the Board, has received 100,000 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. Alexandre Lattès, Mr. Michael Hackman 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 twenty-five cents ($0.25)per share. Stock options are fully vested as of the date of grant.
ABOUT DEQ
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 add value and increase 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.
