DEQ Systems Corp.
TSX VENTURE : DEQ

DEQ Systems Corp.

April 17, 2007 16:01 ET

DEQ Systems Corp: Report

LEVIS, QUEBEC--(CCNMatthews - April 17, 2007) - DEQ Systems Corp. ("DEQ") (TSX VENTURE:DEQ) announces that it has filed a Default Status Report concerning its inability to file its annual financial statements and its MD&A for the period ended November 30, 2006 by the filing deadline of March 30, 2007.

According to this Default Status Report, there was no material change in the information contained in the Default Notice subsequent to the filing of such notice on April 3, 2007. The Company did not fail to fulfill its stated intentions in such notice (notably to file its annual financial statements and its MD&A for the period ended November 30, 2006 no later than April 30, 2007), or its obligation to file its unaudited interim financial statements for the three-period ended February 28, 2007 due no later than April 30, 2007. Any other material information concerning the affairs of the Company has been properly disclosed.

The Company's auditors and the management have indicated, in the Default Notice issued last April 3, that additional time would be required in order to revaluate accounting principles and measures concerning financing facilities granted in the Severn Project in October 2005 and December 2006. The Company's objective is still to file its annual financial statements and MD&A for the period ended November 30, 2006 no later than April 30, 2007. The management of the Company is currently subject to a management cease trade order until the matter is resolved.

About DEQ Systems Corp.

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.

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