DEQ releases its 2008 first quarter results

First quarter highlights are: A 29 % increase in recurring revenue to us$ 611,000 compared to fourth quarter 2007. A 41% increase in gross profit from us$ 466,141 in fourth quarter 2007 to us$ 658,311 in first quarter 2008.

Increase from 750 to 815 of Leased Table Equivalent systems. 24 % average annual growth in recurring revenue in the last three years. Continued stable operating costs at us$ 815,000 for the quarter. Solid cash position above us$ 10 million with no interest bearing debt.

“During the first quarter of 2008, our efforts were focused on paving the way for our US commercialization. We completed the technical phase of our Nevada G3 field trial, filed operating permits in over five other states and signed letters of interest with strategic clients,” stated Earle G. Hall, President and CEO of DEQ.

“All of our product lines are experiencing traction in the US and we are very encouraged by our customers' feedback. We are now well positioned to penetrate North America's most significant gaming market. Once the expected Nevada authorization is received, our already established partnership should lead to a quick deployment of our G3 system in the Las Vegas table game market.”