Posera Announces the Successful Launch of its Integrated POS Solution for World-class Hotels

TORONTO, April 19, 2017 /CNW/ - Posera Ltd. (TSX : PAY) ("Posera" or the "Company"), a leading provider of hospitality point-of-sale (POS) software solutions, today announces the launch of its integrated POS solution for the hotel industry as a new major strategic initiative.

As the hotel industry represents an enormous growth opportunity for the hospitality market, Posera has developed a targeted POS solution to answer the demand. Posera has demonstrated these capabilities at the International Hotel Technology Forum in Paris, April 5-7, 2017 to hundreds of hoteliers leading operations, management, and technology investments globally.

Prestigious hotel properties in Paris, Strasbourg, Barcelona, Luxembourg and more throughout Europe have selected Maitre'D® to replace their outdated and unsupported POS software for the following reasons:

  • Integrates with major Property Management Systems across 16 revenue categories;
  • Includes a user friendly modular back-office for instantaneous menu updating and employee management; and
  • The Databoard™ app allows for real-time alerts and reporting, from the POS, directly to iOS and Android mobile phones.

"The pressing needs of the hotel industry are clear, as hotels worldwide seek to compete with rivals in the food and beverage industry, along with their traditional competitors. Guests demand the same level of professionalism and quality across all services and this market is fiercely competitive both for guests and incremental food and beverage revenue", said Dan Poirier, Chief Executive Officer. "We provide a fully integrated POS solution to some of the largest and most prestigious hotel brands worldwide. We are delighted to announce that 11 hotel installations have already been completed in a short 120 days, as part of Posera's initiative to expand into the global hotel market," added Poirier.

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 Maitre'D® and FingerPrints™ 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. For more information, visit www.posera.com

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 31st, 2017 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.

For further information: Kevin Mills, Chief Financial Officer, 1.519.434.8017, kmills@posera.com, www.posera.com


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