Paltronics Selects DEQ Systems as its Exclusive Table Game Bonusing Partner
Las Vegas, NV and Chicago, IL – May 15, 2007 – DEQ Systems Corp. (TSXV: DEQ), a worldwide provider of gaming technology products and Paltronics Inc., a world-leading manufacturer of centralized casino gaming system solutions and display technology today announced that they have entered into a strategic alliance.
Paltronics will license DEQ’s table game bonusing patent portfolio and incorporate DEQ’s patented and exclusive bonusing features into its One Link® table game bonusing systems.
Under terms of this alliance Paltronics will make an up-front payment of U.S. $500,000 to guarantee the first year’s royalties to DEQ. A royalty schedule for three years has been agreed upon for current Paltronics’ product replacement and new product rollout that includes any or all of DEQ’s patented and exclusive bonusing features.
DEQ’s cutting edge table game bonusing features include multiple credit betting and denomination flexibility, side bet bonusing games with progressive and random jackpot prizes, mystery bonusing, electronic credit bank, electronic rake and baccarat tracking and scoring as well as multimedia animation and sound effects.
Paltronics will combine selected DEQ features with its One Link Table system® and its One Link Media system®, augmenting its table offerings by adding a wide range of additional benefits to its centralized One Link® system.
“DEQ’s bonusing and wagering patents are revolutionary as evidenced by the blue chip industry operators that have adopted them. These patents create new incremental revenue for the casinos, offer fresh approaches to table games and more exciting ways to play, said Angelo Palmisano, president and chief executive officer of Paltronics, Inc. “With table games on the rise and an increasingly international client base, this is the ideal time for Paltronics to enter into an alliance with a company of DEQ’s caliber. DEQ’s patent portfolio is a perfect compliment to our jackpot and media system product line,” he added.
Earle G. Hall, president and chief executive officer of DEQ stated, “Paltronics and DEQ share a similar philosophy and that makes us ideal business partners. By leveraging our combined strengths, we will deliver a state-of-the-art bonusing solution with media and management features unlike any the industry has seen to date. We are very proud to welcome this former competitor as our leading business partner in our quest to bring the slot machine bonusing philosophy to the table game segment of the market.”
About DEQ
Founded in 1998, DEQ (TSXV: DEQ) has pioneered the table game bonusing technology field. DEQ’s patents, products and features include side bet bonusing games with progressive and random jackpot prizes, slot machine style mystery bonusing, multiple credit and denomination betting flexibility, dealer hand betting, electronic credit bank, electronic rake, baccarat hand tracking, multimedia animation and sound effects. DEQ has an extensive patent portfolio that is recognized in more than 50 countries such as the USA, Macau, Australia and Canada. DEQ's bonusing solutions and products are present in more than 200 casinos in over 30 countries.
About Paltronics
Founded in 1992, Paltronics’ revolutionary gaming technology creates efficiencies and drives excitement on the casino floor. First to market with premium-quality LED screens, bonusing technology, progressive and table systems, Paltronics has developed the only system that manages slots, tables and media in one elegant solution. A well-established international company with offices and affiliates in Las Vegas, Chicago, Atlantic City, Johannesburg, Sydney and London, Paltronics has built an impressive blue chip customer base and a reputation for technical excellence and innovation.
For more information:
Contact: Terri Cooper, Paltronics Inc.
Phone: 1.877.461.5465
Contact: Earle G. Hall, DEQ Systems Corp.
Email: earle.hall@deq.com
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