TORONTO, Dec. 20, 2016 /CNW/ - Posera Ltd. (TSX :
PAY) ("Posera" or the "Company"), a leading provider of mission critical software solutions for the hospitality industry, today
announced the appointment of Mr. Tom McCole to the Company's Board of Directors, effective
January 1, 2017.
"Tom will be a tremendous addition to our Board of Directors," said Loudon Owen, Chairman of the
Board of Directors of Posera. "His technical knowledge and operational experience in the payment industry will be invaluable
to Posera given the rapidly evolving payments industry, such as the adoption of EMV and continued concerns of fraud and security.
Additionally, Tom's experience with the payment processors will be crucial to the Company's' deployment of our SecureTablePay
Pay-at-the-Table ("PATT") solution in the United States.
Mr. McCole, has had an accomplished career as a payments technology executive and brings a broad range of industry experience to
the Board of Directors at Posera. Mr. McCole currently employed by Infinite Peripherals, Inc. as their Mobile Commerce Strategy
Director. Previously, Mr McCole was a special consultant to Bob Carr, the Chairman and CEO of
Heartland Payments Systems Inc. ("Heartland"), where he was charged with developing Heartland's integration strategy for Restaurant
Management Systems ("RMS's") and for creating a multi-product margin stack model for the Company. Global Payments Inc. acquired
Heartland in April, 2016 for $4.3 billion USD. McCole also served as a principal for Atomic
Mobile Payments in Dawsonville, Ga., and was a vice president of Hypercom Solutions Group in
Scottsdale, Ariz. Based out of Atlanta, Georgia, Tom has a Bachelor of Arts degree in history
from Florida Atlantic University.
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.
