03:38:29 EDT Fri 26 Apr 2024
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or Name
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DEQ Systems Corp
Symbol DEQ
Shares Issued 71,682,315
Close 2015-05-28 C$ 0.20
Market Cap C$ 14,336,463
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DEQ Systems holders elect directors at AGM

2015-05-28 09:33 ET - News Release

Mr. David Ross reports

DEQ ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING AND ORGANIZATIONAL CHANGES

Each of the director nominees listed in the management information circular of DEQ Systems Corp. dated March 31, 2015, was elected as director of DEQ. The vote was conducted at DEQ's annual and special meeting of shareholders, which took place on May 27, 2015, in Quebec City. All other matters set out in the circular were approved by shareholders at the meeting.

Following the conclusion of the meeting, and after a discussion with the members of the board of directors of DEQ, Joseph M. Telesmanic, chairman of the board, stepped down from the board. He will continue to act as a consultant to the board. The board wishes to thank Mr. Telesmanic for his invaluable contributions to DEQ and dedication to the company during his tenure, and wishes him well in his future endeavours.

DEQ is pleased to announce that its board has appointed David D. Ross as an independent director of the company to fill the vacancy left by Mr. Telesmanic. Mr. Ross served as chief executive officer and director of Affinity Gaming from 2011 to 2014. He previously served as the chief operating officer, gaming, and as a member of the office of the chief executive officer for Herbst Gaming Inc., a predecessor of Affinity Gaming. Prior to joining Herbst Gaming Inc. in May, 2009, Mr. Ross spent 25 years with Coast Casinos, now a division of Boyd Gaming Corp., serving in a variety of management positions. Most recently he served as Coast Casinos' chief operating officer from 2004 to 2008. Mr. Ross earned a BA in business management and an MS in hotel administration from the University of Nevada, Las Vegas.

"I am very excited about DEQ's future and privileged to be a member of its board," stated Mr. Ross. "DEQ's loyal customer base, table systems and proprietary table game offerings provide a great platform to spring board into new markets and customers. DEQ's pristine balance sheet and strong financial stability position the company well for continued success."

The board is now composed of the following four members: Joseph E. Bertolone, Earle G. Hall, Alexandre Lattes and Mr. Ross, two of whom are independent within the meaning of National Instrument 52-110, namely Mr. Lattes and Mr. Ross. Mr. Ross will act as chairman of the board and as the whistleblower officer. The audit committee will now consist of Mr. Lattes (chair), Mr. Ross and Mr. Bertolone, the governance and compensation committee will consist of Mr. Ross (chair), Mr. Lattes and Mr. Hall, and the compliance committee will consist of Mr. Lattes (chair), Mr. Hall and Mr. Bertolone.

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