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LEVIS, QUEBEC -- (Marketwired) -- 10/23/14 -- DEQ Systems Corp. (TSX VENTURE: DEQ) ("DEQ" or the "Company") announces the filing of its third quarter financial results for the period ended August 31, 2014. The Consolidated Financial Statements are available on SEDAR (www.sedar.com) and DEQ's website. A conference call will be held on Friday, October 24, 2014 at 9am EST to present and discuss these results. Those interested in participating in the call should dial toll free 1 (877) 223-4471 or +1 (647) 788-4922. A presentation will be available on DEQ's website in the Investors/Financial Reports/Presentation section to support the call content.

2014 Third Quarter Results:

Financial Metrics

--  Revenue

    --  Twelve-Month Period:

        --  17% increase in total recurring revenue to $7,270,000 as
            compared to $6,227,000 for the same period ended August 31,
            2013.

    --  Nine-Month Period:

        --  18% increase in product rental revenue to $4,691,000 in 2014 as
            compared to last year.

        --  13% increase in total recurring revenue to $5,468,000 in 2014 as
            compared to last year.

        --  11% increase in total revenue to $5,613,000 in 2014 as compared
            to last year.

    --  Third Quarter:

        --  7% increase in product rental revenue to $1,542,000 in Q3-2014
            as compared to last year.

        --  2% increase in total recurring revenue to $1,778,000 in Q3-2014
            as compared to last year.

        --  3% increase in total revenue to $1,810,000 in Q3-2014 as
            compared to last year.

--  Operating Expenses before non-cash items

    --  3% decrease in operating expenses to $5,406,000 for the twelve-month
        period ending August 31, 2014 as compared to the same period last
        year.

    --  1% increase in operating expenses to $4,086,000 for the nine-month
        period ending August 31, 2014 as compared to the same period last
        year.

    --  Stable operating expenses of $1,303,000 in Q3-2014 as compared to
        $1,308,000 in Q3-2013.

--  EBITDA

    --  EBITDA of $1,187,000 for the twelve-month period ending August 31,
        2014 as compared to $72,000 for the same period ending August 31,
        2013, an increase of $1,115,000.

    --  EBITDA of $860,000 for the nine-month period ending August 31, 2014
        as compared to $278,000 for the same period in 2013, an increase of
        $582,000.

    --  EBITDA of $305,000 in Q3-2014 as compared to $156,000 in Q3-2013, an
        increase of $149,000.

--  Cash Position and Cash Flow

    --  During the third quarter of 2014, the Company increased its cash
        position by $351,000 from $1,332,000 as of May 31, 2014 to
        $1,683,000 as of August 31, 2014.

    --  Positive cash flow from operating activities before working capital
        items of $316,000 in Q3-2014 as compared to $158,000 in Q3-2013, due
        to the increase in EBITDA for the quarter.




Statement of Earnings
(unaudited)                         Third Quarter        Nine Months Period
                          August 31,   August 31,   August 31,   August 31,
                                2013         2014         2013         2014

Total Recurring Revenue    1,741,000    1,778,000    4,849,000    5,468,000
Non-recurring revenue         22,000       32,000      228,000      145,000
                        ----------------------------------------------------
Total Revenue              1,763,000    1,810,000    5,077,000    5,613,000

Gross Profit (1)           1,464,000    1,608,000    4,332,000    4,946,000
% Gross margin                    83%          89%          85%          88%

Operating expenses (1)     1,308,000    1,303,000    4,054,000    4,086,000
                        ----------------------------------------------------

EBITDA (2)                   156,000      305,000      278,000      860,000

Stock based compensation       5,000        6,000      153,000       20,000
Amortization expenses        704,000      679,000    2,084,000    2,011,000
Interest expenses              4,000        2,000       12,000        7,000
Foreign exchange (gain)
 loss                         15,000       63,000        1,000      141,000
                        ----------------------------------------------------
Net Income (Loss)           (572,000)    (445,000)  (1,972,000)  (1,319,000)
                        ----------------------------------------------------
                        ----------------------------------------------------
Net Income (Loss ) per
 share                   $    (0.008) $    (0.006) $    (0.028) $    (0.018)

----------------------------------------------------------------------------
Note 1:   Gross profit and operating expenses exclude non-cash items such as
          depreciation, amortization and stock based compensation.

Note 2:   We use EBITDA (Earnings before Stock option based compensation,
          Interest, Taxes, Depreciation, Amortization and Foreign exchange)
          as performance measurements in our financial disclosure. This
          measure is not recognized under IFRS. The reconciliations above
          demonstrate how we calculate such measurements from our financial
          statements.


Financial Position
                                  November 30,        May 31,     August 31,
                                          2013           2014           2014
                                     (audited)    (unaudited)    (unaudited)
                               ---------------------------------------------
                               ---------------------------------------------

Cash and cash equivalents            1,565,000      1,332,000      1,683,000
Current assets (other than
 cash)                               2,175,000      2,611,000      2,436,000
Long-term assets                     6,576,000      5,448,000      4,906,000
                               ---------------------------------------------
Total Assets                        10,316,000      9,391,000      9,025,000
                               ---------------------------------------------
                               ---------------------------------------------

Current liabilities                  1,244,000      1,100,000      1,097,000
Shareholders' equity                 9,072,000      8,291,000      7,928,000
                               ---------------------------------------------
Total Liabilities and Equity        10,316,000      9,391,000      9,025,000
                               ---------------------------------------------
                               ---------------------------------------------

Number of shares outstanding        71,682,000     71,682,000     71,682,000
                               ---------------------------------------------
                               ---------------------------------------------

DEQ - Overview

DEQ Systems Corp. (TSX VENTURE: DEQ) is customer-centric delivering solutions to the global gaming industry with best-of-breed table-game technology related products which add value and increase client revenue. DEQ provides table-game-bonusing technology, table games, baccarat results tracking, and jackpot connectivity solutions to more than 300 casinos in 30 countries. DEQ also has an extensive patent portfolio of more than 20 patents recognized in 50 countries. For further information, please visit www.deq.com

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

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.