Posera Announces Appointment of Mr. Tom McCole to Board of Directors

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 FingerPrints^TM 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 30^th 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.

Kevin Mills, Chief Financial Officer, 1.416.703.6462 ext. 2203, [email protected], www.posera.com; Investor Relations Contact: Caleb Jefferies, 1.604.684.6730