TORONTO, Aug. 22, 2016 /CNW/ - Posera Ltd. (TSX : PAY)
("Posera" or the "Company")
At the request of IIROC ("Investment Industry Regulatory Organization of Canada") – Market
Surveillance on behalf of the TSX, Posera Ltd. wishes to confirm that it is not aware of any material, undisclosed information
related to the Company that would account for the recent increase in the market price and level of trading volume of its common
shares.
As previously noted in the Company's quarterly results conference call which took place on August 17,
2016 (available at www.posera.com/investor-relations), Posera currently expects that it will be in a position in the near future to
announce a second non-exclusive distribution agreement for its SecureTablePay application with a leading US Payment Processor, but
the timing of any such announcement continues to be uncertain.
About POSERA
Posera has been a leading provider of hospitality technology for more than 30 years. It manages merchant transactions
with consumers and facilitates all aspects of the payment transaction.
Posera's full service solutions include SecureTablePay, which is an EMV compliant Pay-At-The-Table ("PATT") application.
Posera's MaitreD'TM and FingerPrintsTM restaurant management systems offer a robust and comprehensive
solution including hardware integration services, merchant staff training, system installation services, post-sale software and
hardware customer support. Posera's solutions are deployed globally including across the full spectrum of restaurants, from large
chains and independent table service restaurants to international quick service chains and its products have been translated into
eight languages.
Posera Ltd.'s shares are traded on the Toronto Stock Exchange under the symbol "PAY".
More information about Posera can be found on the Company's website at www.posera.com or under the Company's profile on SEDAR at www.sedar.com.
Forward-Looking Statements
This discussion includes certain forward-looking statements that are based upon current expectations, which involve risks
and uncertainties associated with our business and the environment in which the business operates. Any statements contained
herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the
expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to
the Company or its management. The forward-looking statements are not historical facts, but reflect Posera's current
expectations regarding future results or events. These forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ materially from current expectations, including the matters
discussed under "Risks and Uncertainties" in the Annual Information Form to be filed on March
30th 2016 with the regulatory authorities. Posera assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements, unless
required by law.
SOURCE Posera Ltd.
