Working directly with the management team of DEQ will be William Schmitt, who prior to joining ICR in 2006 was a leading gaming analyst on Wall Street with CIBC World Markets.
The agreement with ICR is for a 12 month period, starting on March 8. Under the terms of the agreement, subject to TSX Venture Exchange approval, ICR will receive a monthly cash retainer less than US$ 10,000 per month. ICR will be providing service to establish a meaningful dialogue with investors and a select group of sell-side analysts with the goal of increasing awareness of the company in the US capital markets.
“ICR was highly recommended to DEQ by a well-known figure of the international gaming industry and Bill Schmitt was specifically identified as the expert that could begin the important task of getting DEQ the recognition it deserves. Schmitt has over 17 years of experience covering the gaming industry and was responsible for lead research coverage of over 20 gaming companies, including Wynn Resorts, Harrah’s Entertainment, Station Casinos, IGT, WMS and Bally Technologies among others,” said Earle Hall, President and CEO of DEQ Systems.