Posera-HDX announces appointment of Interim CEO

TORONTO, Oct. 23, 2015 /CNW/ - Posera-HDX Limited (the "Company" or "Posera") announces that Loudon Owen, Chairman of Posera has been appointed as Interim Chief Executive Officer. Mr. Owen has had extensive experience working with leading technology companies over the past 25 years, and has served on the Board of the Company since 2006.

Posera-HDX is listed on the TSX under the symbol "HDX". 

About the Company

Posera is in the business of managing merchant transactions with consumers and facilitating payment. The Company develops and deploys touch screen POS system software and associated enterprise management tools and has developed and deployed numerous POS applications. Posera also provides system hardware integration services, merchant staff training, system installation services, and post-sale software and hardware support services. 

Posera leading edge technology also includes prepaid stored value payments solutions, customer self-serve kiosks and "line buster" mobile POS terminals. These products have been designed to dramatically enhance customer throughput and drastically reduce customer queues. These technologies are especially effective in high foot traffic environments that have limited cash register counter space, limited retail square footage, and the absence of a drive through.

Posera develops, deploys, and supports a restaurant POS software known as "Maître 'D" which has been deployed in over 20,000 locations worldwide in eight different languages. The Company sells and services its clients directly, as well as through a network of approximately 85 value added reseller partners in 25 countries with approximately 550 reseller representatives selling, supporting & installing its software.

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 2015 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. 


Image with caption: "Loudon Owen, Interim CEO Posera-HDX Limited (CNW Group/Posera-HDX)". Image available at: https://photos.newswire.ca/images/download/20151023_C7699_PHOTO_EN_527725.jpg

For further information: Loudon Owen, Interim Chief Executive Officer, Posera-HDX Limited, 350 Bay Street, Suite 700, Toronto, Ontario M5H 2S6, (416) 307-3271; Kevin Mills, Chief Financial Officer, Posera-HDX Limited, 350 Bay Street, Suite 700, Toronto, Ontario M5H 2S6, (800) 465-2400 ext. 2203


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