DEQ's cash position increased by us$ 9.1 million from exercised warrants

As of the issuance of this press release, DEQ has 69,350,794 issued and outstanding common shares and the exercising of the warrants and when combined with the operational cash flow, brings the current cash position of the company to just over us$ 10 million.

“It goes without saying that a strong cash position is an envious situation for a growing company” stated Earle G. Hall, DEQ's President & CEO. “2008 is a year where DEQ will expand commercially in the USA and in Asia. A solid cash position is a clear strategic advantage for a strong growth company and we are very privileged to debut 2008 and our wide scale commercialization phase in such a manner.”

On November 17th, 2006, DEQ sold 15 million units at us$ 0.40 per unit, for gross proceeds of us$ 6 million. Each unit was comprised of one share and one common share purchase warrant. Each warrant entitled its holder to subscribe to one common share at any time before the first anniversary of the closing date of this Offering at an exercise price of us$ 0.60 and any time before the second anniversary of the closing date, at an exercise price of us$ 0.80. As of the issuance of this press release, a total of 14,995,000 share purchase warrants have been exercised for cash proceeds to DEQ of approximately us$ 9 million.

Also, the company issued 1,500,000 subscription units to the underwriter. Each subscription unit entitled the underwriter, upon payment of an exercise price of us$ 0.40, to subscribe to one unit at any time before the second anniversary of the closing date. Each Unit consisted of one share and one common share purchase warrant.

Each warrant entitles its holder to subscribe to one common share at any time before the first anniversary of the closing date of this Offering, upon payment of an exercise price of us$ 0.60 and at any time before the second anniversary of the closing date, upon payment of an exercise price of us$ 0.80. As of the issuance of this press release, the underwriter has exercised 122,525 units as well as 92,120 share purchase warrants for gross proceeds of us$ 104,282.