DEQ Systems Board of Directors announces exploration of strategic alternatives
Such strategic alternatives may include, but are not limited to an acquisition, merger or other form of business combination, a recapitalization of the Company, or other similar transactions. Previously, UGS has advised the company on financial and strategic matters.
"Our Board of Directors is focused on creating value for our shareholders and therefore we are conducting a review of strategic alternatives with UGS to ensure that we have global visibility to identify diverse and accretive gaming opportunities," stated David Ross, Chairman of the Board of DEQ.
"DEQ will continue to execute our strategy while remaining fully committed to our customers, partners, suppliers, and employees as the Board undertakes this exploratory process," stated Joe Bertolone, President and Chief Executive Officer of DEQ.
There can be no assurance that this process will result in a transaction and there is no set timetable for actions to be taken in the process. The Company does not intend to discuss or disclose any developments related to the process until the Board has approved a definitive course of action or otherwise concludes the process.
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