MATTHEWS, N.C., Dec. 5, 2012 - PokerTek, Inc. (NASDAQ: PTEK) announces today that it has licensed and completed development of EZ Baccarat™ on its ProCore platform and has carried out its first installations of the product.
"It was an important business decision for us to partner with DEQ Systems (DEQ.V) and Talisman Group to license and jointly develop EZ Baccarat™ on our ProCore electronic gaming platform," stated Mark Roberson, Chief Executive Officer of PokerTek. "The EZ Baccarat™ operating system has enjoyed phenomenal success, growing to over 500 games in multiple jurisdictions and countries in less than three years. Our initial installations on cruise ships in Asia occurred this week, and we expect approvals for other markets to follow. EZ Baccarat™ is an excellent addition to our library, and we are excited about the opportunity to expand EZ Baccarat™ into the electronic game platform market."
"We are very pleased to debut our electronic table game product offering of EZ Baccarat™ with PokerTek," stated Earle G. Hall, President and Chief Executive Officer of DEQ. "EZ Baccarat™ has distinguished itself as the player's choice for baccarat and is in demand in the electronic table game space. PokerTek's leadership and diligent delivery of a compliant performing replica of EZ Baccarat™ is a credit to the company, and we are excited to see them add EZ Baccarat™ to their game library and to offer it to their distinguished clientele."
About EZ Baccarat™
EZ Baccarat is a revolutionary method of accelerating the speed of baccarat by eliminating the commission. The winning hand Bank commission is replaced by "barring" one specific winning Bank hand. The EZ Baccarat method bars a three card total of seven and is trademarked as the "Dragon 7™". Players can also make optional side wagers called Dragon 7 and Panda 8. The Dragon 7 is when the Banker wins with a total of seven consisting of three cards and pays 40 to 1. The Panda 8 is when the Player wins with a total of eight consisting of three cards and pays 25 to 1. The EZ Baccarat methodology and side bets bet were co-created by Robin Powell and TJ Tejeda of Talisman Group. These methods and trademarks are protected within the scope of DEQ's no commission baccarat intellectual property portfolio that protects all methodologies such as barred hands and reduced banked winning wagers.
About PokerTek, Inc.
PokerTek, Inc. (NASDAQ: PTEK) is a licensed gaming company headquartered in Matthews, NC that develops and markets electronic table game solutions for the gaming industry. www.PokerTek.com
CEO AND CFO
ABOUT DEQ SYSTEMS
DEQ Systems Corp. (DEQ.V) is a customer centric company that delivers best of breed table game technology related products to the global gaming industry that adds value and increases client revenue. DEQ provides table game bonusing technology, table games, table game results tracking and jackpot connectivity solutions to more than 275 casinos in 30 countries. DEQ is an intellectual property focused company that has an extensive patent portfolio of more than 20 patents recognized in 50 countries.
FOR FURTHER INFORMATION, PLEASE VISIT WWW.DEQ.COM OR PLEASE CONTACT:
EARLE G. HALL
PRESIDENT & CEO
DEQ SYSTEMS CORP.
P: (418) 839-3012
MARKETING AND COMMUNICATIONS MANAGER
DEQ SYSTEMS CORP.
P: (418) 839-3012
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are made in accordance with the Private Securities Litigation Reform Act of 1995. Our actual results may differ materially from those implied in these forward-looking statements as a result of many factors, including, but not limited to, the impact of global macroeconomic and credit conditions on our business and the business of our suppliers and customers, overall industry environment, customer acceptance of our products, delay in the introduction of new products, further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of permits or licenses by regulatory or governmental authorities, termination or non-renewal of customer contracts, competitive pressures, and our financial condition, including our ability to maintain sufficient liquidity to operate our business. These and other risks and uncertainties are described in more detail in our most recent annual report on Form 10-K and other reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur, except as required by applicable laws, and you are urged to review and consider disclosures that we make in the reports that we file with the Securities and Exchange Commission that discuss other factors germane to our business.
SOURCE PokerTek, Inc.