Posera Announces the Launch of KDS as a Stand-alone Solution at the RSPA RetailNOW2017 Show in Las Vegas, NV

TORONTO, Aug. 2, 2017 /CNW/ - Posera Ltd. (TSX : PAY), a leading provider of software solutions for the hospitality industry, today announces that it is officially launching KDS, a kitchen display system, as a stand-alone product. Formerly known as CVM, KDS has previously been accessible exclusively as a feature of Posera's Maitre'D point-of-sale (POS) software package.

The new KDS is now POS agnostic, easy to integrate and sends orders to kitchen staff instantly. Its fully customizable order display screen simplifies order preparation and decreases the average prep time by implementing a unique system utilizing color in the display, creating accurate visual portrayal of any order.

At the Posera booth (#409), RetailNOW2017 attendees will have a chance to see a demonstration of these new KDS features firsthand:

• Touch screen support – bumping by item or by order
• Increase display modes from 6 to 20 orders on screen
• Customizable colors
• Increased active order storage, up to 100 orders
• Remote access for support
• Email alert system
• Recipe Display

"Our KDS system delivers significant operational and cost efficiencies, including eliminating printers and paper based kitchen orders, for direct savings to our customers' bottom line," said Jean Guimond, Vice President of Sales, Posera. "We can now interface with virtually any POS system, and look forward to demonstrating these capabilities at this year's RSPA event," added Guimond.

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 application. Posera's Maitre'D^® 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 31^st, 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.

Kevin Mills, Chief Financial Officer, 1.519.434.8017, [email protected], www.posera.com