LAS VEGAS, Jan. 19, 2016 /CNW Telbec/ - DEQ Systems
Corp. (TSXV: DEQ) ("DEQ" or the "Company") today announced that the
Board of Directors has engaged Union Gaming Securities ("UGS") to
explore a variety of strategic alternatives intended to maximize
shareholder value. Such strategic alternatives may include,
but are not limited to an acquisition, merger or other form of
business combination, a recapitalization of the Company, or other
similar transactions. Previously, UGS has advised the company on
financial and strategic matters.
"Our Board of Directors is focused on creating value for our
shareholders and therefore we are conducting a review of strategic
alternatives with UGS to ensure that we have global visibility to
identify diverse and accretive gaming opportunities," stated
David Ross, Chairman of the Board of
DEQ.
"DEQ will continue to execute our strategy while remaining fully
committed to our customers, partners, suppliers, and employees as
the Board undertakes this exploratory process," stated Joe Bertolone, President and Chief Executive
Officer of DEQ.
There can be no assurance that this process will result in a
transaction and there is no set timetable for actions to be taken
in the process. The Company does not intend to discuss or
disclose any developments related to the process until the Board
has approved a definitive course of action or otherwise concludes
the process.
ABOUT DEQ
DEQ Systems Corp. (TSXV: DEQ) is a market leader in Table Games,
Progressive Systems, live and online Proprietary Table Games
content and Utility solutions.DEQ's systems and games are installed
in over 300 casinos, in 30 countries around the world. The
combination of our services, industry leading products and revenue
generation capabilities make DEQ a leader for innovation in the
table game bonusing segment of the global gaming market. For
further information, please visit www.deq.com.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This news release may contain certain forward-looking
information within the meaning of applicable securities
legislation. Forward-looking information can, but may not always,
be identified by the use of words such as "seek", "anticipate",
"plan", "continue", "estimate", "expect", "may", "will", "project",
"predict", "potential", "targeting", "intend", "could", "might",
"would", "should", "believe", "objective", "ongoing", "assumes",
"goal" and similar references to future periods or the negatives of
these words and expressions. Forward-looking statements are based
on management's current expectations and are subject to a number of
risks, uncertainties, and assumptions, including market and
economic conditions, future plans and strategies, projections,
anticipated events and trends and regulatory changes that affect
us, our customers and our industries. Forward-looking statements
contained in this press release include, without limitation,
statements pertaining to potential strategic alternatives and
transactions that DEQ may pursue. Additional information about
these assumptions and risks and uncertainties is contained under
"Business Risks and Uncertainties" in DEQ's latest management's
discussion and analysis, which is available on SEDAR at
www.sedar.com, and in other filings that DEQ has made and
may make with applicable securities authorities in the future.
The forward-looking statements contained in this news release
are expressly qualified in their entirety by this cautionary
statement. Investors are cautioned not to put undue reliance on
forward-looking statements. All forward-looking statements in this
press release are made as of the date of this press release. DEQ
does not undertake to update any such forward-looking information
whether as a result of new information, future events or otherwise,
except as required by law.
SOURCE DEQ SYSTEMS CORP.