EDMONTON, March 22, 2018 /CNW/ - eQube Gaming Limited
(TSX-V: EQG) ("eQube" or the "Company") today is pleased to
announce the closing of deal to supply more than 9,300 rugged
handheld electronic tablets to ECM Systems Ltd, a division of
PlayTech PLC (LSE:PTEC).
The rugged, handheld electronic tablets will be used to update a
portion of the estate of handheld bingo tablet devices used in the
land-based bingo industry in the United
Kingdom.
"We are delighted to partner with ECM Systems to deliver
the most versatile and fit for purpose advanced gaming tablet in
the market for some of their British customers. We have worked with
the team at ECM for many years and have spent more than a year
exploring the appropriate solutions that are fit for purpose in one
of the most demanding land-based bingo markets in the world, the
UK", commented eQube's CEO John
Purcell. "The comprehensive testing and vigorous trials
performed by ECM reiterate eQube's dedication to our partners and
customers as well as product excellence; ensuring that the rugged
handheld tablets supplied by eQube deliver superior performance
whilst reducing the total cost of ownership over the life span of
the products on site in bingo clubs all over the British
Isles."
Allen Richardson, Managing
Director of ECM Systems said "We have always enjoyed a good working
relationship with our colleagues in eQube and, having
comprehensively tested the technology, we are delighted to have
selected what we feel is the market leading product. eQube's team
have invested heavily in a partnership relationship with ECM and
have been proactive in ensuring they deliver what we need. This
reassures us of what we expect to be a very fruitful ongoing
relationship".
eQube also announced the closing of a USD$350,000 secured non-amortizing loan bearing
interest at 9% per annum and maturing August
21, 2018. The loan was provided by a company controlled by a
director of the Company and is secured by one of the Company's
customer contracts.
About eQube Gaming Limited ("eQube")
eQube is a leading provider of electronic bingo (eBingo) systems
for land-based gaming operators in commercial and charitable gaming
facilities. eQube has the majority market share in the Canadian
regulated bingo market as well as substantial presence in the Irish
market and operates the linked bingo games in Alberta and Ireland. Current solutions, consisting of
commercial eBingo, linked wide area bingo, traditional bingo and
automated bingo style electronic games are complemented by
enterprise class accounting and back office reporting combined with
open platform customer management data tools. eQube's platform
provides new and enhanced revenue channels by enhancing the
experience, environment and service to our clients' customers.
eQube has been offering its eBingo and related gaming solutions
to commercial, tribal, regulatory and charitable customers
worldwide since its inception in 1999. Its registered and head
office is in Edmonton, Alberta.
eQube is listed on the TSX Venture Exchange under the symbol EQG.
For more information visit: www.eqube.com
Disclaimer in Regards to Forward-Looking
Statements
This news release may contain forward-looking
statements and information ("forward-looking statements") within
the meaning of applicable securities laws and is based on the
expectations, estimates and projections of management of eQube as
of the date of this news release, unless otherwise stated. The use
of any of the words "expect", "anticipate", "continue", "estimate",
"objective", "ongoing", "may", "will", "project", "should",
"believe", "plans", "intends" and similar expressions are intended
to identify forward-looking statements. Such forward-looking
statements are provided for the purpose of providing information
about management's current expectations and plans relating to the
future. Investors are cautioned that reliance on such information
may not be appropriate for other purposes, such as making
investment decisions. Forward looking information provided in
this news release is also based on certain assumptions regarding
expected growth, results of operations, performance and business
prospects and opportunities. Accordingly, readers should not
place undue reliance on the forward-looking statements contained in
this news release. Since forward-looking statements addresses
future events and conditions, such information by its very nature
involves inherent risks and uncertainties. Actual results
could differ materially from those currently anticipated due to a
number of factors and risks. These risks include
unsatisfactory due diligence, or the inability to negotiate a
definitive agreement and/or obtain necessary regulatory and
third-party approvals.
Readers are cautioned that the foregoing list of factors is not
exhaustive. Additional information regarding some of these risks,
expectations or assumptions and other factors may be found in
eQube's filings with the Canadian securities regulators, available
at www.sedar.com. The reader is cautioned not to place undue
reliance on these forward-looking statements. The forward-looking
statements contained in this news release are made as of the date
hereof and eQube undertakes no obligations to update publicly or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, unless so required by
applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
eQube Gaming Ltd. (EQG:TSX-V)
SOURCE eQube Gaming Limited