DEQ Systems Corp.
TSX VENTURE : DEQ

DEQ Systems Corp.

October 27, 2006 10:52 ET

DEQ Files a Final Short Form Prospectus

LEVIS, QUEBEC--(CCNMatthews - Oct. 27, 2006) - DEQ Systems Corp. (TSX VENTURE:DEQ) announces that it has obtained a final receipt from the securities regulatory authorities of the provinces of British Columbia, Alberta, Ontario and Quebec for its final short form prospectus filed on October 26, 2006. This prospectus qualifies the proposed offering of a minimum of 10,250,000 and a maximum of 15,000,000 units of DEQ for gross proceeds of a minimum of $4,100,000 and a maximum of $6,000,000. This offering is being made through Canaccord Capital Corporation on a best effort basis in accordance with an agency agreement dated October 26, 2006.

Each unit, at a price of $0.40, consists of one common share of DEQ and one warrant. Each warrant will entitle its holder to subscribe to one common share, at any time before 5:00 p.m. (Montreal time) on the first anniversary of the closing of this offering, at an exercise price of $0.60 and, then, at any time before 5:00 p.m. (Montreal time) on the second anniversary of the closing of this offering, at an exercise price of $0.80.

The securities offered under this short form prospectus have not been and will not be registered under the United States Securities Act of 1933 (the "US Securities Act"), as amended, and, except in certain limited circumstances, may not be offered or sold within the United States of America or to US persons (as that term is defined in the US Securities Act). This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About DEQ

DEQ is a worldwide provider of gaming technology products including multiple bet electronic side-betting systems. DEQ's products are present in 200 casinos located in more than 30 countries around the world. DEQ has developed and holds an extensive international patent portfolio that is the basis of the current product line.

Forward-looking statements contained in this Press Release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.

TSX Venture does not accept any responsibility regarding the accuracy of the information contained in this press release.

Contact Information