TORONTO, Dec. 22, 2017 /CNW/ - Posera Ltd. (the "Company") (TSX: PAY), a leading provider of software solutions for the hospitality industry, is issuing a press release in response to recent trading activity in its shares. The Company is not aware of any material undisclosed corporate developments and has no material information or change to report at this time. The Company will keep the market informed as required.
Blockchain Joint Venture
As previously announced in a press release dated October 20, 2017, the Company has entered into a joint venture arrangement with DLT Labs Inc., a private global leader in the development and implementation of Blockchain solutions for enterprises, to deliver Blockchain technology into the hospitality POS ecosystem including developing a real-time transaction and inventory management system. The parties are currently pursuing this business opportunity.
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®, an EMV compliant pay-at-the-table application; Maitre'D®, a point of sale system which offers a robust and comprehensive solution including hardware integration services, merchant staff training, system installation services, post-sale software and hardware customer support; and KDS, a Kitchen Display System that is now available as a standalone product. Posera's solutions are deployed globally 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.
SOURCE Posera Ltd.
For further information: Kevin Mills, Chief Financial Officer, 1.519.434.8017, [email protected], www.posera.com