DEQ released its 2008 third quarter results

The highlights of the third quarter are the following: Financial results show a recurring revenue of 45% increase from us$ 530,000 in the third quarter 2007 to us$ 766,000 in third quarter 2008. The Gross Profit increased a 26% from us$ 598,000 in the same period last year, to us$ 755,000 in third quarter 2008. Gross Margin grew 82% in third quarter 2008. It showed a 38% average annual growth in recurring revenue in the last three years and a slight increase in operating costs at us$ 895,000 this quarter due to Asian commercialization travel.

Operational results were the following: The acquisition of DEK international exclusive distribution license and Nevada Gaming Control Board approval for the G3. Besides, the firm appointed Michael Hackman to the Board of Directors and DEQ ranks among TOP 10 Best Technology Companies for 2008 on TSXV.

“Our financial statements are tangible proof of the solid business model we have built based on recurring revenue,” stated Earle G. Hall, president and CEO of DEQ. “In these times of uncertainty, the no capital expenditure, no risk incremental revenue proposition we have built for casinos is a very enticing way for them to create new ways to attract and retain clients. This business model together with our strong financial position places DEQ in a very strong and envious position.”