/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRE
SERVICES/
EDMONTON, Jan. 16, 2020 /CNW/ - eQube is pleased
to announce that we have entered into a long-term licensing
agreement with Canadian Bank Note (CBN) to
distribute our proprietary-specific side games. This
exclusive agreement includes an upfront license fee
and revenue sharing agreement with CBN,
and gives eQube access to the Ontario market from January 1, 2020 until December 31, 2029.
CBN will also be able to distribute our innovative products
outside of Ontario in Canada and in other countries, providing eQube
access to other markets through revenue share.
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 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.
In this news release, forward-looking statements relate, among
other things, to the timing of the appointment of a new CEO and
CFO. 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.
SOURCE eQube Gaming Limited