DEQ Reports Revenue of $2.4 Million for the 2016 Second Quarter

LAS VEGAS, NV and LÉVIS, QC, July 28, 2016 /PRNewswire/ – DEQ Systems Corp. (TSXV: DEQ) (“DEQ” or the “Company”) announced today the filing of its second quarter financial results for the period ended May 31, 2016. The consolidated financial statements are available on SEDAR (www.sedar.com) and DEQ’s website and should be read in conjunction with this press release. A conference call will be held on Monday, August 01, 2016 at 5:30pm EDT to present and discuss these results. Those interested in participating should dial toll free 1 (877) 223-4471 or 1 (647) 788-4922. Please note that the conference call replay will be available until August 15, 2016 by dialing 1 (416) 621-4642 or 1 (800) 585-8367. The conference ID # for the replay is 58303825.

2016 SECOND QUARTER RESULTS AND HIGHLIGHTS:

Financial Metrics

“As we have discussed over the last several quarters, we continued our planned investments in jurisdictional and product licenses and sales personnel. These increases to operating costs are reflective of the necessary staffing in order to drive a competitive and growing business in regulated marketplaces. The Company is anticipating higher product placements in Macau, however is experiencing delays in casino property openings due to the regulatory approvals process. We do, however, expect these new placements to be forthcoming, and will provide revenue growth in the upcoming quarters. Since March of 2016, the company has continued its corporate and product licensure expansion and investment efforts and has applied for corporate licenses in 6 new North American regulated jurisdictions (5 of those non tribal) and has submitted over 31 approval requests for its recently released and existing products in both new and existing jurisdictions. I am very encouraged as we continue to grow our global and North American footprint, and our presence and reach will be beneficial to our margins in the future,” stated Joe Bertolone, President and Chief Executive Officer of DEQ.”

 

 

 

 

ABOUT DEQ

DEQ Systems Corp. (TSXV: DEQ) is one of the market leaders in Table Game Systems, Proprietary Table Games, 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.

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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