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2018

Posera Announces Third Quarter 2018 Financial Results

TORONTO, Nov. 14, 2018 /CNW/ – Posera Ltd. (TSX : PAY) (“Posera” or the “Company”), a leading provider of hospitality software and payment solutions, today announced its financial results for the three and nine-months ended and September 30^th, 2018.

During the three-months ended September 30, 2018, Posera reported total revenues⁽¹⁾ of $2.33 million compared to total revenues of $2.26 million for the three-months ended September 30, 2017. Year-to-date, for the nine-months ended September 30, 2018, total revenues were flat at $7.43 million when compared to the nine-months ended September 30, 2017. The Company is pleased to report continued growth in its recurring revenues^(1,3), as recurring revenues increased 3.7% to $830,049 during the third quarter of 2018, when compared to $800,383 for the third quarter in 2017 and recurring revenues increased $103,591 or 4.5% during the nine-months ended September 30, 2018, when compared to the same comparable period in 2017.

Normalized EBITDA improved during the three-months ended September 30, 2018 by 5.9% and 34.4% between the comparative third quarter of 2017 and the second quarter of 2018 respectively. The normalized EBITDA results have improved due to a reduction of costs of sales and operating expenses between the comparable periods on a normalized basis. Posera recognized a net loss from continuing operations^(2,4)for the three-months ended September 30, 2018 of $0.91 million, an increase in the loss by 73.2% and 0.1% from the three months ended September 30, 2017 and June 30, 2018 respectively.

Key Quarterly Achievements

SecureTablePay (“STP”) announced a rollout with its first major US corporate customer during the third quarter of 2018;
Management continued to focus on reducing its controllable costs which resulted in the exit of the higher-cost, long-term lease for its corporate office location in London, Ontario, in favour of a smaller, cost-effective and flexible office space arrangement. As a result, during the third quarter of 2018, the Company incurred a break-fee of approximately $150,000 to end the lease early and the on-going facility costs for the Company’s corporate office employees have been reduced by more than 50%;
During the third quarter of 2018, Posera launched its Databoard – Advanced Reporting product, which provides real-time, management information on the cloud, enhancing its platform offerings and addressing customers’ requirement for cloud-based products; and
Kitchen Display Systems (“KDS”) business deployed 436 devices during the third quarter of 2018, representing an increase of 248 devices (132%) and 212 devices (95%) when compared to the third quarter of 2017 and the second quarter of 2018 respectively.

Conference Call

The Company will hold a conference call on Monday, December 3rd, 2018 to discuss the financial results for the three and nine-months ended September 30^th, 2018, at 4:00 PM Eastern Standard Time hosted by Dan Poirier, Chief Executive Officer and Kevin Mills, Chief Financial Officer. A question and answer session will follow the corporate update.

CONFERENCE CALL DETAILS

Date: Monday, December 3rd, 2018
Time: 4:00 PM Eastern Standard Time

Participant Dial-in Numbers:
Local – Toronto (+1) 647-427-7450
Toll Free – North America (+1) 888-231-8191
Conference ID: 2198394

Please connect at least 10 minutes prior to the conference call to ensure time for any software download that may be needed to hear the webcast.

Quarterly Highlights

Total revenue⁽¹⁾ for the three-months ended September 30, 2018 was $2,334,761. an increase of 3.4% compared to the three-months ended September 30, 2017 of $2,258,166 and relatively unchanged compared to the three-months ended June 30, 2018 $2,352,937;
Total revenues⁽¹⁾ for the nine-months ended September 30, 2018 was $7,430,035 compared $7,436,582 for the nine-months ended September 30, 2017;
Recurring revenues^(1,3) for the three-months ended September 30, 2018 were $830,049, an increase of 3.7% compared to the three-months ended September 30, 2017, and an increase of 2.2% compared to the three-months ended June 30, 2018;
Net loss⁽²⁾ from continuing operations for the three-months ended September 30, 2018 was a loss of $909,088, a 73.2% and 0.1% increase in the losses compared to the $524,626 and $902,438 losses for the three-months ended September 30, 2017 and June 30, 2018 respectively;
Normalized EBITDA^(2,4) loss for the three-months ended September 30, 2018 was a loss of $335,898, compared to a normalized EBITDA loss of $356,839 for the three-months ended September 30, 2017, and compared to a loss of $512,181 for the three-months ended June 30, 2018; and
Normalized EBITDA^(2,4) loss for the nine-months ended September 30, 2018 was a loss of $1,395,256, compared to a normalized EBITDA loss of $1,111,727 for the nine-months ended September 30, 2017.

^{(1) Amount presented applies the retrospective presentation to exclude discontinued operations for the FingerPrints transaction as discussed in the MD&A for the three and nine-months ended September 30, 2018 on Page #11.}^{(2) Presentation of these amounts include the results from discontinued operations as discussed in the MD&A for the three and nine-months ended September 30, 2018 on Page #11.}^{(3) See the Recurring Revenues section of this MD&A which highlights the difference between the historical and new method for recording recurring revenues.}^{(4) Normalized EBITDA adjusted to exclude discontinued operations: Posera’s management defines Normalized EBITDA adjusted for discontinued operations as EBITDA adjusted for discontinued operations above less certain one-time non-recurring expenditures, and non-cash stock-based compensation expense.}

About Posera

Posera has been a leading provider of hospitality technology for more than 20 years. It manages merchant transactions with consumers and facilitates all aspects of the payment transaction.

Posera’s full service solutions include: 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; KDS, a Kitchen Display System that is now available as a standalone product; and SecureTablePay^®, an EMV compliant pay-at-the-table application. 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.

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 posera2.forcefivedev.ca 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 28^th, 2018 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,
posera2.forcefivedev.ca

Briad Selects Ingenico Group and SecureTablePay to Power Pay-at-the-Table Technology in Their Restaurants

Fast-growing hospitality company turns to exclusive, integrated payment solution to eliminate costly chargebacks and increase table turns

NEW JERSEY, SEATTLE, and ATLANTA — November 07, 2018 —Briad Restaurant Group (Briad), one of the fastest-growing hospitality companies in the U.S., announced it has selected Ingenico Group (Euronext: FR0000125346-ING) and SecureTablePay from Posera Ltd. (TSX: PAY) to exclusively power its Pay-at-the-Table restaurant solution. Ingenico Group’s payment technology, coupled with SecureTablePay, provides a Pay-at-the-Table solution that will empower Briad’s restaurants – including its Friday’s franchises and Zinburger Wine and Burger Bar, locations– to improve the dining experience for its customer base. The EMV-compliant solution increases table turns, eliminates the burden of costly chargebacks and speeds up payment operations for the benefit of both Briad and its customers.

The combined Pay-at-the-Table solution, which leverages SecureTablePay’s semi-integrated payment middleware with Ingenico Group’s iWL252 wireless smart terminal, enables Briad Group’s restaurants to improve efficiency and deliver a superior customer experience by eliminating the need for servers to take the payment cards from guests in order to process card payments. According to SecureTablePay, this helps increase table turns by 15 percent (9 minutes per table on average) and improve annual revenue. Additionally, because the solution leverages a semi- integrated architecture, Briad will enhance the security of their payment infrastructure and reduce the overall PCI scope of the solution – saving them time and resources.

“We wanted to implement EMV at our restaurants, but were waiting for the right Pay-at-the-Table solution. Once we piloted SecureTablePay at one of our Friday’s locations, we saw chargebacks drop immediately,” said Tom Cornell, Director of Information Systems for Briad. “Lowering our costs was good enough for us to decide to deploy the SecureTablePay and Ingenico Group solution; the positive feedback we got from customers was icing on the cake. Our servers like using it too, as it allows them to spend more time at their customers’ tables and less time going back and forth to their terminals.”

“Briad is a leader in the restaurant industry and they demonstrate that continually with their use of technology to improve the diner experience. Adoption of Pay-at-the-Table solutions are about to completely change how restaurants interact with their diners, driving additional value for their guests and improving their overall efficiency, and by adopting the technology now, Briad cements itself as a forward-thinking leader in the industry,” said Jennifer Miles, EVP of North America for Ingenico Group. “The consumer experience is becoming more about flexibility and freedom and that shift is going to require reliable, secure, connected solutions, like SecureTablePay, that enable guests to pay with their preferred method.”

“We are thrilled to be working with Briad. They are leaders in the restaurant industry with several exciting brands and have shown their leadership by being early adopters of Pay-at-the-Table technology before its widespread adoption in the U.S.,” said Akash Sahai, EVP Strategy and Business Development of Posera. “We have worked with the team at Ingenico Group for many years and are excited to partner with them to take SecureTablePay to Briad’s different brands and many locations across the country.”

Briad installed its first Pay-at-the-Table solution from SecureTablePay and Ingenico in the fall of 2017 at its Friday’s location in Woodridge, New Jersey and is now also live at its two newly opened Zinburger restaurants in Atlanta, Georgia. Briad will now be rolling out the solution in its other Friday’s and Zinburger locations across the U.S.

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About Briad Restaurant Group
Briad Restaurant Group, headquartered in Livingston, NJ, is one of the fastest growing hospitality companies in the U.S. Briad Restaurant Group’s entities are: licensed franchisees for Wendy’s,Fridays, Marriott, Hilton and a licensee for Zinburger Wine & Burger Bar.

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.

More information about Posera can be found on the Company’s website at posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

About Ingenico Group
Ingenico Group (Euronext: FR0000125346 – ING) is the global leader in seamless payment, providing smart, trusted and secure solutions to empower commerce across all channels, in-store, online and mobile. With the world’s largest payment acceptance network, we deliver secure payment solutions with a local, national and international scope. We are the trusted world-class partner for financial institutions and retailers, from small merchants to several of the world’s best- known global brands. Our solutions enable merchants to simplify payment and deliver their brand promise. Learn more at www.ingenico.us or twitter.com/Ingenico.

Media Contacts:

Posera
Kevin Mills
Chief Financial Officer
519.434.8017
ir@posera.com
posera2.forcefivedev.ca

Ingenico Group North America
Mike Nourie
External Communications Manager
770.298.1945
Michael.nourie@ingenico.com

Posera Announces Resignation of Edwin Nordholm as a Director of the Company

Toronto, ON – November 6, 2018 – Posera Ltd. (TSX:PAY) announces Mr. Edwin Nordholm has resigned as a Director of the Company. He has been a director since June, 2016. The Company thanks Mr. Nordholm for his contributions.

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 posera2.forcefivedev.ca 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 currentexpectations 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 currentexpectations, including the matters discussed under “Risks and Uncertainties” in the Annual InformationForm to be filed on March 28th, 2018 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.

For more information:

Kevin Mills, Chief Financial Officer
1.519.434.8017
kmills@posera.com
posera2.forcefivedev.ca

Ingenico Group’s Enhanced TETRA Semi-Integrated Payments Solution Helps Businesses Scale and Securely Go to Market with Ease

Expanded offer provides solutions providers and enterprise-level merchants more control over payments experience, increasing potential revenue

ATLANTA — October 22, 2018 — Ingenico Group (Euronext: FR0000125346-ING) is introducing its enhanced TETRA Semi-Integrated (TETRA SI) solution to put merchants in a position to scale and adapt to changing market needs driven by growing consumer buying power. Merchants of all sizes can now offer a payment experience that is easier to manage, allows for simplified certification and compliance and has improved security to keep customer card data protected.

“Customers’ expectations of merchants have never been higher. The buying power in the hands of consumers has driven a need for merchants to be flexible and agile enough to adapt to future payment offerings and innovate on the fly,” said Irfan Nasir, head of product and solutions for Ingenico Group North America. “Our enhanced TETRA Semi-Integrated solution helps ISVs and merchants create a payment experience that gives their customers the experience they want when completing a transaction.”

Flexibility, Simplicity, and Security

The integration offers independent software vendors (ISVs) and gateways valuable solutions to bring to their merchant customers. The value of Ingenico Group’s semi-integrated offering is in pairing the security, flexibility and simplicity of the semi-integrated approach with TETRA SI’sadditional benefits of a pre-certified EMV solution and ability to accommodate more robust, enterprise-level interfaces.

TETRA SI is well-suited to simplify complex workflows like Pay-at-the-Table service in restaurants, stadiums, and other venues. Getting transactions completed as quickly and securely as possible can be a challenge when POS devices connect with ECRs over Wi-Fi or Bluetooth, particularly in environments requiring a high bandwidth. TETRA SI allows merchants to integrate their POS onceand know their solution is secure and won’t require re-certification for EMV, affording them more time, revenue, choices, and control.

“By leveraging the TETRA SI solution and integrating it with our SecureTablePay, we’re able todeliver an enterprise Pay-at-the-Table solution to restaurants of all shapes and sizes,” said Akash Sahai, EVP Strategy and Business Development of Posera. “We have been working with Ingenico for almost 10 years to perfect the Pay-at-the-Table experience, which increases security as thepayment card never leaves the customer’s hands, while also increasing efficiency for serversallowing them to spend more time at the table. Ingenico’s semi-integrated architecture makes it easy for restaurants to deploy SecureTablePay, enabling them to quickly and effortlessly adopt EMV and provide their customers with the convenience and safety of paying at the table.”

The capabilities of the new TETRA Semi-Integrated solution include the following:

Improved control – More ease in managing complex workflows like Pay-at-the-Table when merchants decouple POS and payment
Increased security – Improved security by eliminating cardholder data from the POS.
Greater connectivity and flexibility –
- HTML5 business application capabilities – allowing merchants to offer new interactions or experiences with their customer on a payment device
- Connection to the processor or gateway of the merchant’s choice for greater flexibility
  - Seamless integration with a Cross-platform software development kit (SDK) that supports Windows, Linux, Android, and iOS, making it easy to integrate across multiple platforms
  - New, easy-to-use web-based interface (API) enabling browser-based applications to easily support payments
Simplified compliance –
- Simplified EMV support to reduce certification bottlenecks
- Reduced PCI audit scope and a pre-certified, PCI-compliant solution that won’t require re-certification

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About Ingenico Group

Ingenico Group (Euronext: FR0000125346 – ING) is the global leader in seamless payment, providing smart, trusted and secure solutions to empower commerce across all channels, in-store, online and mobile. With the world’s largest payment acceptance network, we deliver secure payment solutions with a local, national and international scope. We are the trusted world-class partner for financial institutions and retailers, from small merchants to several of the world’s best- known global brands. Our solutions enable merchants to simplify payment and deliver their brand promise. Learn more at www.ingenico.us or twitter.com/Ingenico.

Media Contacts:

Ingenico Group North America
Mike Nourie
External Communications Manager
770.298.1945
Michael.nourie@ingenico.com

Posera Announces the Appointment of Tom McCole as Chairman of the Board

TORONTO, ONTARIO — October 11, 2018 — Posera Ltd. (TSX: PAY) (“Posera” or the “Company”), a global provider of hospitality software and payment solutions, announced that effective today, Mr. Tom McCole has been appointed Chairman of the Board of Directors.

Mr. McCole has extensive industry experience including: mergers & acquisition, software development, payment gateways, merchant acquiring, retail/restaurant mobile POS, and aisle retail omni-commerce. Previously, as Director of Strategy and Partnerships reporting directly to the CEO of Heartland Payments, Mr. McCole was responsible for developing the restaurant management software acquisition rollup strategy for Heartland that led to Heartland’s acquisition of several notable hospitality point-of-sale systems such as Xpient, Digital Dining, PC America and Dinerware, and that eventually led to the sale of Heartland to Global Payment Systems for $4.3 billion USD in 2016. Numerous other merchant acquirers, private equity firms, and large merchant services providers have successfully emulated the Heartland point-of-sale system rollup strategy.

Mr. McCole is the President of POSophist Inc., a POS and payments technology go-to-market business development and strategy advisor in the United States, Canada, and Asia. Formerly, Mr. McCole was VP of Gateway Services for Hypercom (acquired by Verifone in the United States and Ingenico in Europe), VP of Mobile Payments for Transaction Network Services’ EVP for NBS (now known as Equinox – a Brookfield company), and the founder and CEO of Atomic Software (a payment software and gateway service which was ultimately acquired by Verifone).
Mr. McCole has been an independent director on Posera’s Board since January 2017. During that time Mr. McCole has provided access to many senior industry executives in the industry in addition to guidance and support to Posera’s management team in its effort to build and launch SecureTablePay in the US. Mr. McCole was also the Board member on the Posera team that led the successful divestment of the FingerPrints business.
Mr. McCole replaces Mr. Edwin Nordholm who had been appointed Interim Chairman in May 2018.
More information about Posera can be found on the company’s website at posera2.forcefivedev.ca or under the company’s profile on SEDAR at www.sedar.com.

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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 28th, 2018 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.

Kevin Mills, Chief Financial Officer
Posera Ltd.
519.434.8017
ir@posera.com

AppSuite and Posera Announce a Partnership to Provide Comprehensive Cloud- Reporting Software for the Hospitality Industry

FONTANA, WISCONSIN and TORONTO, ONTARIO — Sept 20, 2018 — Posera Ltd. (TSX: PAY) (“Posera” or the “Company”), a global provider of hospitality point-of-sale (POS) software solution, Maitre’D, and AppSuite LLC, a leader in CRM solutions, have collaborated to bring to market a comprehensive hospitality business operations management and web-reporting software called DataBoard – Advanced Reporting.

The cross-platform solution securely brings the full breadth of Posera’s Maitre’D DataBoard reporting platform, formerly only available from within the Maitre’D branded console, to the cloud. DataBoard –Advanced Reporting allows for real-time alerts and extensive, multi-level reporting, from the POS, directly to a customer’s desktop or mobile devices.

“We’re very excited to announce the integration of a cloud-based, above-store, management solution,”said Dan Poirier, Chief Executive Officer at Posera. “Maitre’D DataBoard pairs perfectly with AppSuite’sfull-featured, current-day web-reporting services.”

With DataBoard – Advanced Reporting, merchants across the hospitality industry spectrum can access current-day business monitoring tools and reports that provide them with all the critical business performance metrics that ultimately impact profitability.

DataBoard – Advanced Reporting capabilities include: on demand and scheduled email reports, interactive data charting, multi-format data extracts, and multi-level sales reports – all accessible seamlessly on a desktop and on mobile devices such as phones or tablets.

“The new DataBoard – Advanced Reporting management solution is a testament to the strength of the combined industry experience, technology leadership, customer-focused solutions we have established between Posera and AppSuite,” said James Daleen, Chief Executive Office at AppSuite. “We are very proud to introduce this new cloud-based management solution to the market. This system is a perfectcomplement to our Cloud CRM and Ordering solution that is fully integrated to the Maitre’D POS. The newsolution provides dynamic reporting and analytics that the market is looking for in an easy to use responsive cloud application.”

DataBoard – Advanced Reporting is now available as a subscription service to all existing Maitre’Dcustomers, as well as a feature-rich add-on to current Maitre’D DataBoard users. This cloud-based application will be a powerful tool for restauranteurs, allowing them to proactively oversee and run restaurant operations in real-time, on-site and/or remotely.

Restaurant merchants interested in this new software solution can contact Posera at 1 800 465 2400, or sales@posera.com.

More information about Posera can be found on the company’s website at posera2.forcefivedev.ca or under the company’s profile on SEDAR at www.sedar.com.

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About AppSuite

AppSuite LLC was founded in 2010 and lead by its CEO, James Daleen with a 25-year track record of success building and operating both public and private technology companies. The company serves the food and beverage and hospitality industries worldwide and is committed to providing customers unparalleled value through its comprehensive portfolio of solutions including: customer intelligence, mobile apps, 1-1 marketing, rewards, loyalty, gift, online ordering, as well as delivery and driver management.

James Daleen, Chief Executive Officer AppSuite LLC
561.208-6406 ext. 101
Learn more at www.appsuitecrm.com

About Posera

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 standaloneproduct. 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.

Kevin Mills, Chief Financial Officer
Posera Ltd.
519.434.8017
ir@posera.com

Posera Announces Second Quarter 2018 Financial Results

Toronto, ON – August 14th, 2018 – Posera Ltd. (TSX : PAY) (“Posera” or the “Company”), a leading provider of hospitality software and payment solutions, today announced its financial results for the three and six months ended and June 30th, 2018.

During the three months ended June 30, 2018, Posera reported total revenues of $2.4 million compared to total revenues of $2.7 million in the prior quarter. Year-to-date, for the six months ended June 30, 2018, total revenues increased 0.1% to $5.1 million when compared to the six months ended June 30, 2017.

The Company is pleased to report growth of 6.9% in its recurring revenues for the first six months of fiscal 2018, to over $1.4 million, compared to the first six months of fiscal 2017. The Company’s gross profit percentage, was relatively flat at 41%, compared to 42% in the same period in 2018, notwithstanding the growth in the Kitchen Display Systems (KDS) business, which typically has lower margins as it is more hardware intensive. Management continues to be encouraged in the growth of the KDS product line, particularly in growth of KDS sales to non-Maitre’D customers, with sales of 248 KDS units in Q2 2018, a growth of 28% over the same period last year.

Normalized EBITDA improved by 6% between the consecutive quarters, to a loss of $0.5 million, as result of lower costs of inventory and lower operating expenses. Posera recognized a net loss from continuing operations² for the three months ended June 30, 2018 of $0.9 million, an improvement of 2% from the three months ended March 31, 2018.

Total Revenue excludes the discontinued operations for the FingerPrints transaction as previously discussed on Page #4 of the Company’s Management Discussion and Analysis (MD&A) for the three and six-months ended June 30, 2018.
Normalized EBITDA adjusted to exclude discontinued operations: Posera’s management defines Normalized EBITDA adjusted for discontinued operations as EBITDA adjusted for discontinued operations above less certain one-time non-recurring expenditures, and non-cash stock-based compensation expense.

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Quarterly Highlights

Total revenues¹ for the three-months ended June 30, 2018 was $2,352,937 compared to $2,954,903 for the three months ended June 30, 2017 and compared to $2,742,337 for the three months ended March 31, 2018;
Total revenues¹ for the six months ended June 30, 2018 was $5,095,274 compared $5,088,415 for the six months ended June 30, 2017;
Recurring revenues¹ for the three months ended June 30, 2018 were $735,423, an increase of 8% compared to $680,852 for the three months ended June 30, 2017, and an increase of 9% compared to $675,559 for the three months ended March 31, 2018;
Net loss² for the three months ended June 30, 2018 was a loss of $902,438, a 2.4% improvement compared to $924,709 for the three months ended June 30, 2017, and a 1.6% improvement compared to $917,082 for the three months ended March 31, 2018;
Normalized EBITDA² loss for the three months ended June 30, 2018 was a loss of $512,181, compared to a positive normalized EBITDA of $102,832 for the three months ended June 30, 2017, and compared to a normalized EBITDA loss of $547,177 for the three months ended March 31, 2018; and
Normalized EBITDA² loss for the six months ended June 30, 2018 was a loss of $1,059,358, compared to a normalized EBITDA loss of $754,888 for the six months ended June 30, 2017.

Amount presented applies the retrospective presentation for discontinued operations for the FingerPrints transaction as discussed in the Company’s MD&A on Page #4 for the three and six-months ended June 30, 2018.
Presentation of these amounts include the results from discontinued operations as discussed on Page #4 of the Company’s MD&A for the three and six-months ended June 30, 2018.

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: 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; KDS, a Kitchen Display System that is now available as a standalone product; and SecureTablePay®, an EMV compliant pay-at-the-table application.
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.

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 posera2.forcefivedev.ca 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 28th, 2018 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.

For more information:
Kevin Mills, Chief Financial Officer
1.519.434.8017
ir@posera.com

Posera Announces Annual Meeting Results

Toronto – June 26^th, 2018 – (TSX : PAY) (“Posera” or the “Company”), a leading provider of software solutions for the hospitality industry, is pleased to announce the results of the Company’s 2018 annual meeting of shareholders (the “Meeting”) held in Toronto, Ontario on June 25, 2018. Posera is listed on the TSX under the symbol “PAY”.

At the Meeting, all director nominees listed in the Company’s management information circular dated May 24^th, 2018 were elected as directors of the Company. The detailed results of the vote by ballot are as follows:

In addition, at the Meeting, shareholders reappointed PricewaterhouseCoopers LLP, as auditors of the Company.

The Company also has posted the presentation from the annual meeting of shareholders on its Company website posera2.forcefivedev.ca in the Investor Relations section.

The formal report of voting results with respect to all matters voted upon at the Meeting was filed on SEDAR at www.sedar.com.

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^®, 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.

Posera Ltd.’s shares are traded on the Toronto Stock Exchange under the symbol “PAY”.

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 28^th, 2018 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.

For more information:

Kevin Mills, Chief Financial Officer

1.519.434.8017

Shift4 Payments and Posera Announce Merchant Services Solution for Restaurants

The Integrated Payment Solution Will Provide Added Value for Restaurateurs

ALLENTOWN, Pa. and TORONTO – June 21, 2018– Shift4 Payments, the leader in secure payment processing solutions, and Posera Ltd. (TSX:PAY), a leading provider of software solutions for the hospitality industry, today announced they have expanded their EMV-certified integration to include a full merchant services offering. This integrated payment solution now provides Posera customers with everything they need to process fast, reliable and secure payments, all for the lowest total cost.

Shift4’s complete payment solution is integrated into Posera’s full-featured Maitre’D point-of-sale solution to provide users with a secure payment gateway, P2PE-enabled EMV devices and full merchant services. This all-in-one solution combines all the pieces of the payment process into a single, all-inclusive program for a superior payment experience.

“We are very proud to partner with Posera to deliver our complete payment solution to their customers,” said Jared Isaacman, CEO of Shift4 Payments. “Maitre’D users can now benefit from a fully integrated payment solution that delivers superior security, reliability, speed and functionality while reducing total costs and streamlining the payments process.”

“Our integration with Shift4 Payments already allows us to offer our merchant customers the most advanced and secure payment technologies,” said Dan Poirier, CEO of Posera Ltd. “The addition of the merchant services program now makes it possible to reduce their costs even further while enjoying many new benefits.”

Restaurant operators interested in this new solution can contact Shift4 Payments at 800.265.5795 or sales@shift4.com.

More information about Posera can be found on the company’s website at posera.com or under the company’s profile on SEDAR at sedar.com.

About Shift4 Payments

Shift4 Payments is the leader in secure payment processing solutions, powering the top point-of-sale and software providers across numerous verticals, including Food & Beverage, Hospitality, Lodging, Gaming, Retail, and e-Commerce. This includes the company’s Harbortouch, Restaurant Manager, POSitouch, and Future POS brands, as well as over 300 additional software integrations in virtually every industry. With eight offices across the U.S. and Europe, 7,000 sales partners, and three state-of-the-art data centers, the company securely processes over 1 billion transactions annually for nearly 200,000 businesses, representing over $100 billion in payments each year. For additional information, visit www.shift4.com.

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.

Media Contacts

Nate Hirshberg
AVP, Marketing
Shift4 Payments
888.276.2108 x1107
nhirshberg@shift4.com

Kevin Mills
Chief Financial Officer
Posera Ltd.
519.434.8017
ir@posera.com

Posera and POS Portal Announce their Distribution Partnership for SecureTablePay Across the U.S.

TORONTO, ON – Posera Ltd. (TSX: PAY), a leading provider of software solutions for the hospitality industry, and ScanSource, Inc. (NASDAQ: SCSC), a global provider of technology products and solutions, announced today a partnership that makes POS Portal, a ScanSource Company, the primary distribution partner of Posera’s pay-at-the-table solution, SecureTablePay®.

SecureTablePay makes it possible for customers to pay their restaurant bill directly at the table via easy, efficient, secure, and EMV-compliant transactions, while enhancing the customer experience. This solution allows the server to perform all functions of completing the payment transaction directly at the table – including pulling up the check, accepting and authorizing payment, and closing the table with full reconciliation to the point-of-sale (POS). As customers’ credit and debit cards never leave their possession, SecureTablePay also improves security and fraud protection.

With a broad distribution channel, POS Portal will be instrumental in successfully deploying and supporting SecureTablePay in the U.S. market. “We always have an eye out for what’s happening next,” said Kevin Kent, Director of Channel Development for POS Portal. “Our channels have been asking for a pay-at-the-table solution that is easily integrated and includes a wide array of functionality,” said Kent.

Serving partners in the payments industry for almost 20 years, POS Portal is equipped to configure and deliver all the necessary hardware components for SecureTablePay. POS Portal also offers front-line support, troubleshooting, and replacement services for payments hardware regardless of the independent software vendor (ISV) or processor used.

“POS Portal is the ideal distribution partner for SecureTablePay as they have multiple key injection facilities across the U.S.,” said Akash Sahai, EVP, Strategy and Business Development for Posera. “SecureTablePay works with most leading payment processors and is integrated to 25 of the leading restaurant management systems. Given that POS Portal also works with the leading processors and ISVs, POS Portal is a perfect fit to distribute SecureTablePay,” added Sahai.

Certified with several leading processors, including Vantiv (now Worldpay), SecureTablePay allows restaurants to now adopt a next-generation solution that allows operators to upgrade card security, gain server efficiency, enhance patron experience, and limit chargebacks. As a partner with a proven track record of successfully helping payment innovators deliver cohesive solutions to market, POS Portal has made adopting SecureTablePay fast and easy.

About POS Portal
Since 2000, POS Portal has been changing the payments industry. As a leading distributor of credit card terminals and supplies, POS Portal is pioneering the way in logistics and distribution for secure payment devices. Having one of the most extensive libraries of injection keys and over 17 years of strategic relationships with gateways, processors, and terminal OEMs, POS Portal has the resources needed to always deliver secure devices preconfigured just the way our partners need them. With two Key Injection Facilities (KIF), POS Portal deploys devices direct to businesses nationwide. At POS Portal we’re committed to providing exceptional service to the point-of-sale industry through mutually beneficial, long-lasting relationships. In 2017, POS Portal was acquired by ScanSource, Inc. (NASDAQ: SCSC), a leading global provider of technology products and solutions. For additional information, please visit http://www.posportal.com or call 1-866-940-4POS (4767).

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®, 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.
More information about Posera can be found on the Company’s website at posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

For more information:
Kevin Mills, Chief Financial Officer
1.519.434.8017
ir@posera.com

Brooke Turner, Product Marketing Manager
1.916.993.4241
bturner@posportal.com

Posera Announces Resignation of Executive Chair and Appointment of Interim Chair

Toronto, ON – May 22, 2018 – Posera Ltd. (TSX:PAY) (“Posera” or the “Company”), a leading provider of hospitality software and payment solutions, announced that effective today, Mr. Loudon Owen resigned asExecutive Chair of Posera. Mr. Owen, as Posera’s former Chief Executive Officer and then Executive Chair,lead the review of the Company’s operations following the departure of the former Chief Executive Officer of the Company, and oversaw the implementation of an updated business plan for the Company thatincluded an internal reorganization of the Company’s business divisions to make them sustainable and profitable, the divestiture of non-core operations, securing capital for the Company, and pursuing other strategic opportunities. The Board of Directors wishes to thank Mr. Owen for his leadership and initiative in advancing the business interests of Posera.

Mr. Owen’s resignation will permit him to focus on the business of DLT Labs Inc., a global leader in data management solutions for enterprises, powered by blockchain. Mr. Owen is the Chairman, CEO and a shareholder of DLT Labs. In October 2017, Posera announced that it had established a joint venture with DLT Labs to deliver Blockchain technology into the hospitality POS and payments ecosystem. The parties continue to work together in furtherance of their business relationship and may also explore other strategic opportunities. In that regard, on May 9, 2018, Posera announced that it had established a credit facility to provide financial resources and liquidity to DLT Labs for the purpose of accelerating its development efforts while providing Posera with an opportunity to participate in DLT Labs’ initiatives.

The Company has entered into a Transition Services Agreement with a company controlled by Mr. Owen to ensure an orderly transfer of responsibility for execution of the Company’s business plan and various initiatives being evaluated by the Company.

In conjunction with Mr. Owen’s resignation, Mr. Edwin Nordholm has been appointed Interim Chair of Posera. Mr. Nordholm, currently an independent director of the Board of Posera, is a business lawyer with extensive experience in corporate finance, mergers and acquisitions transactions and corporate restructuring. Currently, Mr. Nordholm is an Executive Vice President of Anthem Sports & Entertainment Corp. and also serves as the President of Anthem Wrestling Exhibitions LLC. As such, Mr. Nordholm has both executive and advisory experience working with businesses in transition, rationalizing costs and developing creative solutions to financially challenging situations.

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®, 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 andindependent 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 posera2.forcefivedev.ca 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 InformationForm to be filed on March 28th, 2018 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.

For more information:
Kevin Mills, Chief Financial Officer
1.519.434.8017
kmills@posera.com
posera2.forcefivedev.ca

Posera Announces First Quarter 2018 Financial Results

TORONTO, May 14, 2018 /CNW/ – Posera Ltd. (TSX : PAY) (“Posera” or the “Company”), a leading provider of hospitality software and payment solutions, today announced its financial results for the three-months and March 31st, 2018.

During the three-months ended March 31, 2018, total revenue⁽¹⁾ increased by $608,825 (28.5%) to $2,742,337 compared to the three-months ended March 31, 2017 but decreased by $585,528 (17.6%) compared to the three-months ended December 31, 2017.

Posera experienced a normalized EBITDA loss⁽²⁾ for the three-months ended March 31, 2018 of $547,177, a 36.2% improvement over the three-months ended March 31, 2017 and a 56.4% increase in the loss compared to the three-months ended December 31, 2017. The decrease in the loss between the first quarter comparable periods was due to an increase in revenues and gross profit generated by the Company, led by the continued success of the KDS (“Kitchen Display System”). During the three-months ended March 31, 2018 the Company sold 267 KDS devises, which represents an increase of 178 (200.0%) devises compared to the three months- ended March 31, 2017. Additionally, operating expenses were relatively consistent between the comparable periods.

Posera recognized a net loss from continuing operations⁽²⁾ for the three-months ended March 31, 2018 of $917,082, a decrease in the loss of $464,615 (33.6%) from the three-months ended March 31, 2017 and an increase in the loss of $354,735 (63.1%) from the three-months ended December 31, 2017.

^{(1) Total Revenue excludes the discontinued operations for the FingerPrints transaction as previously discussed on Page #4 of the Company’s Management Discussion and Analysis (MD&A) for the three-months ended March 31, 2018.}
^{(2) Normalized EBITDA adjusted to exclude discontinued operations: Posera’s management defines Normalized EBITDA adjusted for discontinued operations as EBITDA adjusted for discontinued operations above less certain one-time non- recurring expenditures, and non-cash stock-based compensation expense.}

Conference call

The Company will hold a conference call at 11:00 AM Eastern Daylight Time on Wednesday, May 16th, 2018, to discuss the financial results for the three-months March 31st, 2018. The call will be hosted by Dan Poirier, Chief Executive Officer; and Kevin Mills, Chief Financial Officer. A question and answer session will follow the corporate update.

CONFERENCE CALL DETAILS
Date: Wednesday, May 16th, 2018
Time: 11:00 AM Eastern Daylight Time

Participant Dial-in Numbers:
Local – Toronto (+1) 647-427-7450
Toll Free – North America (+1) 888-231-8191
Conference ID: 7994586

Please connect at least 10 minutes prior to the conference call to ensure time for any software download that may be needed to hear the webcast.

Quarterly Highlights

Total revenue⁽¹⁾ for the three-months ended March 31, 2018 increased by $608,825 (28.5%) to $2,742,337 compared to the three-months ended March 31, 2017 but decreased by $585,528 (17.6%) compared to the three-months ended December 31, 2017;
Recurring revenues⁽¹⁾ for the three-months ended March 31, 2018 were $675,559, an increase of 5.8% compared to the three-months ended March 31, 2017, but a decrease of 1.7% compared to the three-months ended December 31, 2017; and
Normalized EBITDA⁽²⁾ loss for the three-months ended March 31, 2018 was a loss of $547,177, a 36.2% improvement over the three-months ended March 31, 2017, and a 56.4% increase in the loss compared to the three-months ended December 31, 2017;

^{(1) Amount presented applies the retrospective presentation for discontinued operations for the FingerPrints transaction as discussed in the Company’s MD&A on Page #4 for the three-months ended March 31, 2018.}
^{(2) Presentation of these amounts include the results from discontinued operations as discussed on Page #4 of the Company’s MD&A for the three-months ended March 31, 2018.}

###

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®, 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.

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 posera2.forcefivedev.ca 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 28th, 2018 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.

For more information:
Kevin Mills, Chief Financial Officer
Posera Ltd.
1.519.434.8017
kmills@posera.com
posera2.forcefivedev.ca

Posera Announces $1.6M Secured Bridge Credit Facility with DLT Labs Inc.

Toronto, ON – May 9, 2018 – Posera Ltd (TSX:PAY), today announced that it has established a $1.6 million secured bridge credit facility for its joint venture partner, DLT Labs Inc., a global leader in data management solutions for enterprises, powered by blockchain. The new credit facility is intended to provide financial resources and liquidity to DLT Labs for the purpose of accelerating its development while providing Posera with an opportunity to participate in DLT Labs’ initiatives.

In October 2017, Posera announced that it had established a joint venture with DLT Labs to deliver Blockchain technology into the hospitality POS and payments ecosystem. The parties continue to work together in furtherance of their business relationship and may also explore other strategic opportunities.

The board of directors of Posera has established a special committee of independent directors comprised of Messrs. Nordholm (Chairman), Brown and Figueira to oversee the Company’s relationship with DLT Labs and to make recommendations to the board of directors concerning any potential transactions between Posera and DLT Labs. The terms of the credit facility for DLT Labs were negotiated under the supervision of, and reviewed and approved by, the special committee. After receiving the unanimous recommendation of the special committee, the board of directors of Posera (with Mr. Loudon Owen, Executive Chairman of Posera and a director and shareholder of DLT Labs recusing himself due to his interest in DLT) approved the credit facility.

###

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 standaloneproduct. Posera’s solutions are deployed globally across the full spectrum of restaurants, from large chainsand independent table service restaurants to international quick service chains and its products have been translated into eight languages.

More information about Posera can be found on the Company’s website at posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

About DLT Labs
DLT Labs Inc. (“DLT”) is a global leader in the development and implementation of blockchain solutionsfor enterprises. With the world’s premier team of distributed application designers and integrators at our offices in Canada, India and Japan, DLT has extensive enterprise experience and expertise with all distributed ledger/blockchain technologies including Enterprise Ethereum, Hyperledger Fabric, R3’s Corda, JP Morgan’s Quorum, and other leading enterprise platforms. DLT’s leading group of architects use proprietary DNC Cluster Framework and Parent & Child Smart Contract Architecture to design and deploy a suite of secure and scalable Distributed Applications that provide enterprise solutions for data and digital asset provenance storage, management and exchange. DLT is an authorized IBM Business Partner, Technology Partner of Bombay Stock Exchange, member of Blockchain in Transportation Alliance (BiTA), and a partner of Enterprise Ethereum Alliance, Hyperledger and Linux Foundation. Website: http://www.dltlabs.com

For more information:
Kevin Mills, Chief Financial Officer
Posera Ltd.
1.519.434.8017
ir@posera.com
posera2.forcefivedev.ca

Posera Announces Annual and Fourth Quarter 2017 Financial Results

Toronto, ON – March 28th, 2018 – Posera Ltd. (TSX : PAY) (“Posera” or the “Company”), a leading provider of software and payment solutions for the hospitality industry, today announced its financial results for the three-months and year-ended December 31st, 2017.

For the year-ended December 31, 2017, Posera recognized $10,674,447 in revenue, an increase of $1,152,314 or 12% when compared to $9,522,133 for the year-ended December 31, 2016. For the three-months ended December 31, 2017, Posera recognized $3,327,865 in revenue an increase of $1,468,038 (79%) from $1,859,827 for the three-months ended December 31, 2016 and an increase of $1,069,699 (47%) from $2,258,166 for the three-months ended September 30, 2017.

During the year of 2017 Posera achieved several noteworthy milestones including: the divestment of its FingerPrints business, the launch of its KDS (“Kitchen Display System”) solution as a separate business, the growth of Maitre’D sales in the hotel industry, and the completion of certification with several major processors of its SecureTablePay product. “2017 was a very positive and eventful year for Posera”, said Dan Poirier, CEO of Posera. “We continued to rightsize and streamline the business, while at the same time growing our sales and installed base for Maitre’D, and introducing new products to the industry in KDS and SecureTablePay. We believe the company is well-positioned for the market, and look forward to growing a strengthened Company in 2018.”

In September 2017, Posera completed an asset sale of its FingerPrints point-of-sale (POS) business, to SICOM Systems, Inc., for $12.2M in cash consideration, which after post-closing adjustments resulted in a final gain on the disposal of $10,912,935. This divestment improved Posera’s balance sheet, was a catalyst on the road to profitability, and allowed Posera to strategically focus on its three core products: Maitre’D (POS software), KDS (kitchen display system), and SecureTablePay (pay-at-the-table solution).

During the third quarter of 2017, Posera also announced the launch of its KDS solution as a standalone offering from the Maitre’D POS platform for integration with third-party point-of-sale and restaurant management solutions. Posera is pleased to report that it has achieved significant traction with the strategy to decouple the KDS product from Matire’D with a significant order from an American customer with installations scheduled into fiscal 2018, and during the three-months ended December 31, 2017, the Company sold 1,656 KDS units, representing an increase of 1,579 units compared to the three months-ended December 31, 2016 and an increase of 1,432 units compared to the three months-ended September 30, 2017.

The Maitre’D POS solution continued to excel in non-traditional-restaurant hospitality sectors such as hotels, casinos, and assisted care living. Specifically, Maitre’D sales in the European market grew approximately 45% year-over-year for fiscal 2017. To fuel this growth, Posera completed certifications with three leading property management systems deployed by major hotel brands globally. Combined with the recently announced Shift4 certification, Posera is confident that it can replicate the European success in North America as well in 2018.
Posera completed certification of SecureTablePay with three of the largest US processors, Vantiv, Heartland and First Data, and continues to work towards certification with several other leading processors. After completing these certifications, Posera commenced pilots with all three of the above leading processors at locations across the United States, and will launch SecureTablePay during the 2018 calendar year.

During the year-ended December 31, 2017, the Company recorded a $10,912,935 gain on the divestment of FingerPrints and other minor assets, and a loss on discontinued operations of $1,881,926. As a result, net income for the year-ended December 31, 2017 was $6,179,568, an improvement of $9,860,516 from a loss of $3,680,948 for the year-ended December 31, 2016. Net loss from continuing operations for the year-ended December 31, 2017 was a loss of $2,851,441, an improvement of $2,234,129 compared to the loss of $5,085,570 for the year-ended December 31, 2016.

Posera experienced a normalized EBITDA(1,2) loss adjusted for discontinued operations for the year-ended
December 31, 2017 of $1,354,734, representing a $294,458 (18%) improvement from a loss of $1,649,192
for the year-ended December 31, 2016.

(1) EBITDA adjusted for discontinued operations: Posera’s management defines EBITDA as Net Income before interest expense, interest income, income taxes (excluding certain investment tax credits and other government assistance), amortization of capital and intangible assets, realized and unrealized exchange gain or loss, impairments and gains or losses on held for trading financial instruments, gains or losses from discontinued operations and other gains or losses on disposition of assets or extinguishment of liabilities.

(2) Normalized EBITDA adjusted for discontinued operations: Posera’s management defines Normalized EBITDA adjusted for discontinued operations as EBITDA adjusted for discontinued operations above less certain one-time non-recurring expenditures, and non-cash stock-based compensation expense.

Conference Call
The Company will hold a conference call at 2:00 PM Eastern Standard Time on Tuesday, April 3rd, 2018,
to discuss the financial results for the three-months and year-ended December 31st, 2017. The call will be
hosted by Loudon Owen, Chairman; Dan Poirier, Chief Executive Officer; and Kevin Mills, Chief Financial
Officer. A question and answer session will follow the corporate update.

CONFERENCE CALL DETAILS
Date: Tuesday, April 3rd, 2018
Time: 2:00 PM Eastern Standard Time
Participant Dial-in Numbers:
Local – Toronto (+1) 647-427-7450
Toll Free – North America (+1) 888-231-8191
Conference ID: 5985223

An archive of the conference call will be available by visiting the Company’s website at
posera2.forcefivedev.ca/investor-relations. Please connect at least 10 minutes prior to the conference call to
ensure time for any software download that may be needed to hear the webcast.

###

Quarterly Highlights
• Total revenue(1) was $3,327,865 for the three-months ended December 31, 2017, an increase of
$1,468,038 (79%) from $1,859,827 for the three-months ended December 31, 2016 and an increase of
$1,069,699 (47%) from $2,258,166 for the three-months ended September 30, 2017;
• Recurring revenues(1) adjusted for discontinued operations for the three-months ended December 31,
2017 were $687,536, was relatively flat compared to recurring revenues of $676,396 for the threemonths
ended December 31, 2016, and relatively unchanged from recurring revenues of $699,120 for
the three-months ended September 30, 2017; and
• Normalized EBITDA(2) adjusted for discontinued operations profit (loss) for the three-months ended
December 31, 2017 was a loss of $349,881, which was an improvement compared to a loss of $753,671
for the three-months ended December 31, 2016, and an improvement compared to the loss of $356,839
for the three-months ended September 30, 2017.
Annual Highlights
• Total revenue(1) was $10,674,447 for the year-ended December 31, 2017, an increase of $1,152,314
(12%) from $9,522,133 for the year-ended December 31, 2016;
• Recurring revenues(1) adjusted for discontinued operations for the year-ended December 31, 2017 were
$2,706,141, a slight decrease of $192,107 (7%) from recurring revenues of $2,898,248 for the yearended
December 31, 2016; and
• Normalized EBITDA(2) adjusted for discontinued operations for the year-ended December 31, 2017 was
a loss of $1,354,734, a decrease in the loss of $294,458 (18%) from a loss of $1,649,192 for the yearended
December 31, 2016.

(1) Amount presented applies the retrospective presentation for discontinued operations for the Zomaron and FingerPrints transactions as discussed in this MD&A on Page #3-5 of the Company’s Management Discussion and Analysis for the year and thre months ended December 31, 2017.

(2) Presentation of these amounts include the results from discontinued operations as discussed on Page #3-5 of the Company’s Management Discussion and Analysis for the year and three-months ended December 31, 2017.

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®, 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.
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 posera2.forcefivedev.ca 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 28th 2018 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.

For more information:
Kevin Mills, Chief Financial Officer
1.519.434.8017
kmills@posera.com
posera2.forcefivedev.ca

Posera Announces the Distribution of SecureTablePay through Vantiv, now Worldpay’s Integrated Payments POS Reseller Channels in the U.S.

TORONTO, February 28, 2018 – Posera Ltd. (TSX: PAY), a leading provider of software solutions for the hospitality industry, announced today that SecureTablePay, its new pay-at-the-table solution for the hospitality sector, is available through Vantiv, now Worldpay’s Integrated Payments POS reseller channels in the U.S.

SecureTablePay makes it possible for customers to pay their restaurant bill directly at the table via easy, efficient, secure, and EMV-compliant transactions, while enhancing the customer experience by giving servers more time to spend with customers. This solution allows the server to perform all functions of completing the payment transaction directly at the table – including pulling up the check, accepting and authorizing payment, and closing the table with full reconciliation to the point-of-sale (POS). As customers’ credit and debit cards never leave their possession, SecureTablePay also improves security and fraud protection. Together, these capabilities achieve an optimal balance between higher efficiency and enhanced security.

“With our open architecture model and wide presence in the U.S., we are able to deliver adaptable payment options through innovations like SecureTablePay,” said Matt Downs, head of channel and business development at Worldpay. “As new technologies are developed, we’re there to bring the future of payments to our merchant’s fingertips.”

Merchants on the Worldpay network in the U.S. who need an EMV solution will now be able to obtain SecureTablePay to increase their security and efficiency. Regardless of the POS system they use, merchants can easily implement SecureTablePay into their current systems, as SecureTablePay is essentially a universal solution, already integrated with many of the leading POS systems available in the market.

“Posera is proud to provide Worldpay with a pay-at-the-table solution for their merchants as we share Worldpay’s commitment to delivering innovative technology to hospitality clients,” said Akash Sahai, EVP, Strategy and Business Development, Posera. “Experience in other markets affirms that once customers and merchants experience the simplicity and efficiency of paying directly at the table, this will become the standard that customers will demand and Worldpay will be there to meet that demand with SecureTablePay,” added Sahai.

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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.

More information about Posera can be found on the Company’s website at posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

For more information: Kevin Mills, Chief Financial Officer

1.519.434.8017

2017

Posera Responds to Recent Trading Activity in its Shares

TORONTO, December 22, 2017 – 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.

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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.

More information about Posera can be found on the Company’s website at posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

For more information:
Kevin Mills, Chief Financial Officer
1.519.434.8017
ir@posera.com posera2.forcefivedev.ca

Posera’s Pay-at-the-Table Solution, SecureTablePay, Has Completed Certification with First Data

TORONTO, December 14, 2017 – Posera Ltd. (TSX: PAY), a leading provider of software solutions for the hospitality industry, announced today the completion of certification with First Data, a global leader in commerce-enabling technology, for Posera’s pay-at-the-table solution, SecureTablePay^®.

SecureTablePay is a middleware software solution that allows customers to pay-at-the-table in an easy, efficient, secure, and EMV compliant manner. With SecureTablePay, the server only needs to go to the POS workstation once – to place the order. Pulling up the check, accepting and authorizing payment, and closing the table with full reconciliation to the POS is done directly at the table. This allows the server to spend more time on the floor with customers. It also means the credit or debit card never leaves the customer’s hands, increasing security and reducing opportunity for fraud. These capabilities create the perfect balance of greater security and increased efficiency.

“We are very excited about our certification with First Data. As it is the largest payment processor worldwide, and given their great distribution network and so many different channels, First Data has the ability to make SecureTablePay easily accessible to merchants big and small across the U.S.,” said Akash Sahai, EVP, Strategy and Business Development for Posera.

The first SecureTablePay deployment on the First Data network was installed on October 23^rd, 2017 in a North Carolina restaurant through their local dealer, Cabaret Systems, Inc. “Cabaret Systems Inc, has been waiting on an easy and efficient pay-at-the-table solution for the U.S. market. We are very happy with how the SecureTablePay application has worked, and we plan on implementing it with many of our restaurant customers in the coming months,” said Jeff Henry, President, Cabaret Systems, Inc.

With certification now complete, merchants on the First Data network who are looking to acquire pay-at-the-table functionality, or who need to adopt EMV, can do so with SecureTablePay, as SecureTablePay integrates with all leading POS systems.

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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.

More information about Posera can be found on the Company’s website at posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

For more information:

Kevin Mills, Chief Financial Officer
1.519.434.8017
ir@posera.com
posera2.forcefivedev.ca

Shift4 and Posera Announce Integrated Solution for the Hospitality Industry

Full-Featured Joint Solution Is Available Today in the U.S. and Canada

LAS VEGAS and TORONTO — December 1, 2017 — Payment services and gateway provider Shift4 Corporation and Posera Ltd. (TSX: PAY), a leading provider of software solutions for the hospitality industry, today announced the availability of their feature-rich and EMV-certified joint solution.

Shift4’s DOLLARS ON THE NET integrates with Posera’s Maitre’D to support credit, debit, and gift card transactions, and provides out-of-the-box support for U.S. and Canadian EMV, point-to-point encryption (P2PE) and tokenization. Their offering includes comprehensive auditing and accounting tools, the industry’s best uptime and simple adoption of emerging and alternative payment methods, such as mobile wallets.

With the joint solution, food and beverage (F&B) operators can process EMV payments to help prevent the fraudulent use of stolen card data at physical points of sale in fine and casual dining, quick service, hotels, bars and more, while adding the layered security of Shift4’s tokenization and PCI-validated P2PE. This keeps sensitive cardholder data out of the business’s payment processing environment — greatly reducing the risk of a breach and simplifying PCI assessments — while protecting their guests’ payment data from hackers.

“We’re very excited to announce the availability of the Posera and Shift4 integrated solution,” said Dan Poirier, Chief Executive Officer at Posera. “The full-featured Maitre’D solution pairs perfectly with Shift4’s suite of payment solutions and services.”

Shift4 proudly supports more than a dozen EMV-capable terminals by Ingenico Group and Verifone, a host of payment functionalities such as bar tabs, tips, EMV quick chip and more. Their unmatched bank and processor options make it possible for F&B operators to adopt EMV without changing their financial relationships, giving them the freedom to negotiate the best payment processing rates or make a switch if needed. Shift4 is currently certified for EMV with 10 major processors — delivering unparalleled coverage of acquirers in the U.S., Canada, Caribbean and participating regions of Visa Direct.

“Shift4’s ability to provide options for merchants of all sizes and in all industries, has allowed us to support our mission of merchant advocacy,” said Daniel Montellano, VP of Strategic Business Development at Shift4. “Our partnership with Posera and integration to their Maitre’D POS now provides a top choice for hospitality and food and beverage operators.”

To learn more about Shift4’s payment gateway and services, visit www.shift4.com or call 800.265.5795.

More information about Posera can be found on the company’s website at posera2.forcefivedev.ca or under the company’s profile on SEDAR at www.sedar.com.

About Shift4 Corporation

Shift4 services merchants and partners in many industries by delivering feature-diverse, secure payment solution services, via our gateway DOLLARS ON THE NET®. Shift4 provides options for devices, processor/bank and POS/PMS integrations that empower its partners to service merchants in U.S., Canada, Caribbean, and all participating regions of Visa Direct. Shift4 invented tokenization and owns nine payment-security related patents. Learn more at www.shift4.com.

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.

Media Contacts

Marketing Department
Shift4 Corporation
702.597.2480
pr@shift4.com

Kevin Mills, Chief Financial Officer
Posera Ltd.
519.434.8017
ir@posera.com

Posera Announces Third Quarter 2017 Financial Results

Toronto, ON – November 15, 2017 – Posera Ltd. (TSX: PAY) a leading provider of software solutions for the hospitality industry, today announced its financial results for the three and nine-months ended September 30, 2017.

During the third quarter of 2017 Posera achieved noteworthy milestones including: the divestment of its FingerPrints business, the launch of its KDS solution as a separate business, the growth of Maitre’D sales in the hotel industry, and the completion of certification with several major processors of its SecureTablePay product.

In September, Posera completed an asset sale of its FingerPrints point-of-sale (POS) business, to SICOM Systems, Inc., for $12.2M in cash consideration, subject to post-closing adjustments. This divestment improves Posera’s balance sheet, is a catalyst on the road to profitability, and allows Posera to strategically focus on its three core products: Maitre’D (POS software), KDS (kitchen display system), and SecureTablePay (pay-at-the-table solution).

During the third quarter Posera also announced the launch of its KDS solution as a standalone offering from the Maitre’D POS platform for integration with third-party point-of-sale and restaurant management solutions. Posera is pleased to report it is achieving strong traction with this strategy and has received a significant order from a US-based quick-service chain, with installations scheduled to be completed in the fourth quarter of 2017 and the first quarter of 2018. KDS sales are trending towards an approximate 400% revenue increase on a year-over-year basis (YOY).

“Integrating KDS to a proprietary POS system of this magnitude was an exciting project for Posera, and our dedicated team worked very hard over the past year to make this a reality,” said Dan Poirier, Chief Executive Officer. “We are proud of the many enhancements we made to the KDS software to win this large customer; these enhancements will now be available in all future versions and to all future customers,” added Poirier.

The Maitre’D POS solution continues to excel in non-traditional-restaurant hospitality sectors such as hotels, casinos, and assisted care living. Specifically, Maitre’D sales in the European hotel market have grown approximately 40% YOY through the first nine months of 2017. To fuel this growth, Posera completed certifications with three leading property management systems that are deployed by major hotel brands globally, and combined with the recent Shift4 certification, Posera is confident that it can replicate the European success in North America as well.

Posera completed certification of SecureTablePay with Heartland and First Data, adding to its existing certification with Vantiv, and continues to work towards certification with several other leading processors. SecureTablePay is currently in pilot with all three of the above leading processors at several locations across the country and will be fully launched in the US market in the fourth quarter.

During the three-months ended September 30, 2017, the Company recorded a $11,237,620 gain on the divestment of FingerPrints and other minor assets, and a loss on discontinued operations of $855,349. As a result, net income for the three-months ended September 30, 2017 was $9,857,645, an improvement of $10,857,604 from a loss of $989,959 for the three-months ended September 30, 2016, and an improvement of $10,782,354 from a loss of $924,709 for the three-months ended June 30, 2017.

Normalizing for the gain on the divestment and excluding the FingerPrints discontinued operations during the three-months ended September 30, 2017, Posera recognized $2,258,166 in total revenues, a decrease of $696,737 (23.6%) from $2,954,903 for the three-months ended June 30, 2017, and a decrease of $192,972 (7.9%) from $2,451,138 when compared to the three-months ended September 30th, 2016. Recurring revenues for the three-months ended September 30, 2017 were $699,120, an increase of $18,268 (2.7%) from recurring revenues of $680,852 for the three-months ended June 30, 2017, and a decrease of $12,517 (1.8%) from recurring revenues of $711,637 for the three-months ended September 30, 2016.

Posera experienced a normalized EBITDA^(1,2) loss adjusted for discontinued operations for the three-months ended September 30, 2017 of $356,839, representing a $20,152 (5.3%) decrease in loss from a loss of $376,991 for the three-months ended September 30, 2016. On a normalized basis, during the three-months ended September 30, 2017, the Company experienced a net loss from continuing operations of $524,626, compared to a net loss of $950,816 for the three-months ended September 30, 2016, and a net loss of $375,708 for the three-months ended June 30, 2017.

EBITDA adjusted for discontinued operations: Posera’s management defines EBITDA as Net Income before interest expense, interest income, income taxes (excluding certain investment tax credits and other government assistance), amortization of capital and intangible assets, realized and unrealized exchange gain or loss, impairments and gains or losses on held for trading financial instruments, gains or losses from discontinued operations and other gains or losses on disposition of assets or extinguishment of liabilities.
Normalized EBITDA adjusted for discontinued operations: Posera’s management defines Normalized EBITDA adjusted for discontinued operations as EBITDA adjusted for discontinued operations above less certain one-time non-recurring expenditures, and non-cash stock-based compensation expense.

Conference Call

The Company will hold a conference call at 11:00 AM Eastern Standard Time on Thursday, November 16, 2017, to discuss the financial results for the three and nine-months ended September 30, 2017. The call will be hosted by Loudon Owen, Chairman; Dan Poirier, Chief Executive Officer; and Kevin Mills, Chief Financial Officer. A question and answer session will follow the corporate update.

CONFERENCE CALL DETAILS

Date: Thursday, November 16, 2017

Time: 11:00 AM Eastern Standard Time

Participant Dial-in Numbers:

Local – Toronto (+1) 647-427-7450

Toll Free – North America (+1) 888-231-8191

Conference ID: 3487119

An archive of the conference call will be available by visiting the Company’s website at posera2.forcefivedev.ca/investor-relations. Please connect at least 10 minutes prior to the conference call to ensure time for any software download that may be needed to hear the webcast.

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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.

More information about Posera can be found on the Company’s website at posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

Forward-Looking Statements

This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with the Company’s business and the environment in which the business operates. These statements include, but are not limited to, the expected size and completion date of the Offering, participation in the Offering by certain insiders, and the use of proceeds from the Offering. 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 general market conditions as they relate to the Company’s Shares, and the matters discussed under “Risks and Uncertainties” in the Annual Information Form filed on March 31^st, 2017 with the securities regulatory authorities and available on SEDAR. 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.

For more information:
Kevin Mills, Chief Financial Officer

1.519.434.8017

Posera and DLT Labs Announce a Joint Venture to Implement Blockchain Technology into Hospitality POS and Payment Processing

TORONTO, October 20, 2017 – Posera Ltd. (TSX: PAY), a leading provider of software solutions for the hospitality industry, and DLT Labs Inc., a global leader in blockchain solutions for enterprises, today announced a joint venture to deliver Blockchain technology into the hospitality POS ecosystem including developing a real-time transaction and inventory management system.

Blockchain is an electronic ledger that can be shared among disparate users and creates an unchangeable time-stamped record of transactions. Each digital record or transaction in the thread is stored in a block. Because blocks cannot be changed, and augmented by the additional protection of encryption, the data is immutable and inherently secure. Flexible architecture allows either an open or controlled set of users to participate in the electronic ledger. But one of the most powerful attributes of Blockchain is the ability to develop real-time systems that synchronize mass amounts of data.

“As leaders become increasingly aware of the economic and strategic benefits derived from real-time enterprise solutions, there is an industry shift to blockchain-centric systems on the horizon. The potential cost benefits in payment processing are enormous, and we believe the competitive and real-time nature of the hospitality industry will help drive adoption. We are delighted to partner with DLT Labs, an innovator in the Blockchain space, to pioneer real-time solutions in the hospitality and payment industry,” said Akash Sahai, EVP, Strategy and Business Development, Posera.

One example of the benefits, by integrating payment processing on blockchain, all parties in the payment processing ecosystem (merchants, processors, suppliers, and ISVs) will have access to the transaction data in a secure and real-time environment. This will not only decrease exorbitant systems expenses, but enables an entirely new generation of real-time analytics solutions. As another example, the partnership with DLT Labs will allow Posera’s SecureTablePay® pay-at-the-table solution to accept crypto-currency, making Posera a pioneer in the process of accepting crypto payments in the hospitality industry. SecureTablePay is now live in the market in the USA, certified with three major payment processors and available across the country.

“DLT Labs recognizes both the technical strength and domain expertise at Posera which will help us both accelerate this innovative development and quickly bring to market an exciting Blockchain development initiative,” said Neeraj Srivastava, Founder and CTO, DLT Labs. “The adoption of Distributed Ledger Technology is in its infancy, and we believe it is particularly suited to the demands of the hospitality industry, and more broadly throughout the payment industry, and we are extremely pleased to be working with Posera and their SecureTablePay solution,” added Srivastava.

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More information about Posera can be found on the Company’s website at posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.
For more information:
Kevin Mills, Chief Financial Officer
1.519.434.8017
ir@posera.com posera2.forcefivedev.ca

About DLT Labs
DLT Labs is a global leader in the development and implementation of Blockchain solutions for enterprises. The company’s leading group of architects, using proprietary DNC Cluster Framework and Parent & Child Smart Contract Architecture, design and deploy distributed enterprise applications with high scalability, security, and throughput. With the world’s premier team of distributed application designers and integrators, DLT Labs has extensive enterprise experience and expertise with all distributed ledger/Blockchain technologies including Enterprise Ethereum, IBM’s Fabric, R3’s Corda, JP Morgan’s Quorum, and other leading enterprise platforms.

For more information:
David Freeman
1.416.277.9687
Chief Financial Officer
david.freeman@dltlabs.io

SICOM Acquires FingerPrints Point of Sale System from Posera Ltd.

Doylestown, PA and Toronto, ON – September 14, 2017 – SICOM, a leading best-of-breed provider of end-to-end solutions for quick service and fast casual restaurants, and Posera Ltd. (TSX: PAY), a leading provider of mission critical software solutions for the hospitality industry, today announced the sale of its FingerPrints point-of-sale (POS) system to SICOM Systems, Inc. for $12.2 million. The consideration for the FingerPrints asset sale is comprised of cash and will be subject to post-closing adjustments.

The FingerPrints POS system was specifically designed for the quick service restaurant (QSR) industry. The acquisition further strengthens SICOM’s domain expertise and commitment to adding greater value to the QSR industry, and more specifically to deepening its value in QSR across Canada. The divestiture by Posera enables it to strengthen its strategic focus on its core products: Maitre’D® POS, KDS (Kitchen Display System), and SecureTablePay® pay-at-the-table solution.

“The addition of FingerPrints strengthens our commitment to delivering a complete portfolio for QSR brands, franchises and restaurants. It is a robust product that drives greater efficiency and speed of service for quick service restaurants and will complement our existing solutions,” said Jim Flynn, CEO of SICOM. “With its Canadian presence, this acquisition provides us with physical locations in Canada, helping us to better serve our current customers there and expanding our international presence.”

FingerPrints was launched in 2004 and currently operates in many leading QSR locations across Canada. Complemented by the Hypervision and Hyperscheduler offerings, FingerPrints enjoys an intuitive user interface and fully redundant system with integrated payment, EMV, loyalty and gift card capabilities as well as centralized menu and pricing programming, together with enabled mobile ordering.

“SICOM is the perfect fit for FingerPrints; with its thirty-year history of offering innovative products and services, its expansive customer list of the top QSR brand names and its commitment to growth, SICOM is the ideal accelerator to the FingerPrints brand’s continued success,” explained Dan Poirier, CEO of Posera. “This transaction is an exciting strategic evolution for Posera, allowing us to focus on Maitre’D, one of the premier POS brands, complete the roll out of SecureTablePay and capture the kitchen display market,” added Poirier.

Over 1,100 QSR restaurants throughout Canada that operate with the FingerPrints system will now be managed by SICOM.

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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.

More information about Posera can be found on the Company’s website at posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

About SICOM

SICOM Systems, Inc. is a leading best-of-breed provider of end-to-end technologies and services for the quick service and fast casual restaurants. The company offers front-of-house solutions (i.e. Digital Menu Boards, Point-of-Sale (POS) and Order Confirmation Units); back-of-house solutions (Drive-Thru Director

and Chef Kitchen Management); as well as above restaurant solutions (360° Data Analytics and SEMS4 Restaurant Management) that are helping major restaurant chains around the globe to streamline their operations. SICOM has over 40,000 digital menu boards, 8,000+ Drive-Thru Directors and 7,000+ CHEF Kitchen Management solutions in operation worldwide, while its POS systems are in more than 6,500 restaurants worldwide and it has more than 10,000 restaurants leveraging its enterprise management systems globally. Founded in 1987, SICOM is headquartered in Doylestown, Pa. and can be found online at www.SICOM.com.

Contacts:

For Posera Ltd.:
Kevin Mills, Chief Financial Officer
Posera Ltd.
1.519.434.8017
ir@posera.com

For SICOM Systems Inc.:
Karen Higgins
A&E Communications, Inc.
610-831-5723
khiggins@aandecomm.com

Posera Announces Second Quarter 2017 Financial Results

Toronto, ON – August 14^th, 2017 – Posera Ltd. (TSX : PAY) (“Posera” or the “Company”), a leading provider of software solutions for the hospitality industry, today announced its financial results for the three and six-months ended June 30^th, 2017.

During the three-months ended June 30, 2017, Posera recognized $4,392,224 in total revenues, an increase of $444,417 (11.3%) from $3,947,807 for the three-months ended March 31, 2017 and an increase of $54,309 or 1.3% when compared to the three-months ended June 30^th, 2016 of $4,337,915.

The increase in revenues is primarily attributed to the successful launch of the Company’s integrated POS solution for the international hotel industry. Posera’s fully integrated POS solution for the hotel industry was launched in the last 270 days has resulted in more than 50 installations in prestigious hotel properties in Paris, Strasburg, Barcelona and more throughout Europe. Posera is expanding its hotel initiative to be a global solution, as sales to date have been European centric.

Posera experienced a normalized EBITDA loss^(1,2) for the three-months ended June 30^th, 2017 of $439,105, representing a decrease in the loss of $727,277 (62.4%), from a loss of $1,166,382 for the three-months ended March 31, 2017. The second quarter represented the second consecutive quarter where the Company reduced its normalized EBITDA loss. The improvement in the normalized EBITDA loss resulted from an increase in revenue in conjunction with ongoing operating expense reductions which is consistent with the Company’s expense reduction plan that has taken place throughout the first and second quarters of fiscal 2017.

Net loss for the three-months ended June 30, 2017 was a loss of $924,709, a decrease in the loss of $872,524 (48.5%) from a loss of $1,797,233 for the three-months ended March 31, 2017 and represents an increase in the loss of $106,874 (13.1%) from the normalized loss of $817,835⁽³⁾ for the three-months ended June 30, 2016.

Recurring revenues for the three-months ended June 30^th, 2017 were $1,681,142, an increase of $20,032 (1.2%) from recurring revenues of $1,661,110 for the three-months ended March 31, 2017 and a decrease of $63,008 (3.6%) from recurring revenues of $1,744,150 for the three-months ended June 30^th, 2016 and. Recurring revenue has consistently remained at +/- 40% of total revenues between the comparative reporting periods.

The Company’s SecureTablePay (STP) product has been certified, or in final stages of certification with 4 major US based payment processors. Final pilot testing is progressing and commercialization, of this application is expected to commence in the third quarter of 2017. The US STP platform will be commercialized primarily on a recurring revenue model.

During the second quarter of 2017, Posera crossed a major milestone with the first installation outside of Canada of its Quick Service Restaurant (QSR) Point-of-Sale (POS) technology. Posera successfully deployed its QSR POS solution in the Philippines, leveraging the International expansion of a major customer. Posera has thousands of QSR locations deployed worldwide, with concentrations in Europe and North America. This demonstrates that our POS products are well suited to International growth in the economies of Asia, Africa, Central and South America, as our products have been built from inception with a multi-lingual approach.

EBITDA: Posera’s management defines EBITDA as Net Income before interest expense, interest income, income taxes (excluding certain investment tax credits and other government assistance), amortization of capital and intangible assets, realized and unrealized exchange gain or loss, impairments and gains or losses on held for trading financial instruments, and other gains or losses on disposition of assets or extinguishment of liabilities.
Normalized EBITDA: Posera’s management defines Normalized EBITDA as EBITDA as discussed above less certain one-time non-recurring expenditures, and non-cash stock-based compensation expense.
During the three-months ended June 30, 2016 the Company recorded a $1,959,794 gain on the disposition of Zomaron. Normalizing for the gain on the disposal of Zomaron during the three-months ended June 30, 2016.

Conference Call

The Company will hold a conference call on Friday, August 18^th, 2017 to discuss the financial results for the three and six-months ended June 30^th, 2017, at 1:00 PM Eastern Standard Time hosted by Loudon Owen, Chairman, Dan Poirier, Chief Executive Officer and Kevin Mills, Chief Financial Officer. A question and answer session will follow the corporate update.

CONFERENCE CALL DETAILS

Date: Friday, August 18^th, 2017

Time: 1:00 PM Eastern Standard Time

Participant Dial-in Numbers:

Local – Toronto (+1) 647-427-7450

Toll Free – North America (+1) 888-231-8191

Conference ID: 70074668

An archive of the conference call will be available by visiting the Company’s website at posera2.forcefivedev.ca/investor-relations. Please connect at least 10 minutes prior to the conference call to ensure time for any software download that may be needed to hear the webcast.

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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 posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

Forward-Looking Statements

For more information:
Kevin Mills, Chief Financial Officer

1.519.434.8017

Posera Completes $450,000 Private Placement of Common Shares

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH US NEWS WIRE SERVICES

TORONTO, Aug. 9, 2017 /CNW/ – Loudon Owen, Executive Chairman of Posera Ltd. (“Posera” or the “Company”), is pleased to report that Posera has closed the second tranche of a non-brokered private placement of common shares (“Common Shares”). Under the second tranche, the Company issued a total of 3,750,000 Common Shares at a price of $0.12 per Common Share (the “Offering”) for gross proceeds of $450,000. No finders fees corresponding with the Offering were payable. The Offering represents the second and final tranche of a fully subscribed non-brokered private placement whereby the Company issued a total of 23,682,426 Common Shares (the “Financing”) for gross proceeds of $2,841,891. The first tranche of the Financing closed on August 4, 2017.

The Common Shares issued in connection with the Offering are subject to a 4-month hold period which expires on December 10, 2017.

The proceeds from the Offering are being used to increase the working capital of the Company. The Common Shares have been conditionally approved for listing on the Toronto Stock Exchange (“TSX”).

The Common Shares are listed on the TSX under the symbol “PAY”.

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.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.

The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any state securities laws and may not be offered or sold within the United States to U.S. Persons unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.

More information about Posera can be found on the Company’s website at posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

Forward-Looking Statements

Posera Completes $2.4 million Private Placement of Common Shares

Toronto, Ontario: August 4, 2017 Loudon Owen, Executive Chairman of Posera Ltd. (“Posera” or the “Company”), is pleased to report that Posera has closed a non-brokered private placement of common shares (“Common Shares”). Under the private placement, the Company issued a total of 19,932,426 Common Shares at a price of $0.12 per Common Share (the “Offering”) for gross proceeds of $2,391,891. Posera paid finders fees in the aggregate amount of $35,729 in connection with certain subscriptions for Common Shares, representing 6.0% of the gross proceeds of such subscriptions. A further tranche of up to 3,750,000 Common Shares is expected to close in the following week.

Certain Common Shares issued in connection with the Offering are subject to a 4-month hold period which expires on December 5, 2017.

The proceeds from the Offering are being used to increase the working capital of the Company. The Common Shares have been conditionally approved for listing on the Toronto Stock Exchange (“TSX”).

The Common Shares are listed on the TSX under the symbol “PAY”.

###

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 FingerPrintsTM 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 posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.

More information about Posera can be found on the Company’s website at posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

Forward-Looking Statements

For more information:
Kevin Mills, Chief Financial Officer

1.519.434.8017

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

TORONTO, August 2, 2017 – 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 posera2.forcefivedev.ca 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.

For more information:

Kevin Mills, Chief Financial Officer

1.519.434.8017

Posera Announces 2017 Annual and Special Meeting Results

Toronto – June 29^th, 2017 – (TSX : PAY) (“Posera” or the “Company”), a leading provider of software solutions for the hospitality industry, is pleased to announce the results of the Company’s 2017 annual and special meeting of shareholders (the “Meeting”) held in Toronto, Ontario on June 28, 2017. Posera is listed on the TSX under the symbol “PAY”.

At the Meeting, all director nominees listed in the Company’s management information circular dated May 12^th, 2017 were elected as directors of the Company. The detailed results of the vote by ballot are as follows:

Director

Vote Type

Number of Votes

Percentage of Votes (%)

Edwin Nordholm

For

Withheld

30,677,377

3,576,459

89.6

10.4

Paul Fornazzari

For

Withheld

30,208,510

4,045,326

88.2

11.8

Loudon Owen

For

Withheld

30,667,377

3,576,459

89.6

10.4

Michael Brown

For

Withheld

34,107,436

146,400

99.6

0.4

David Del Chiaro

For

Withheld

34,232,436

21,400

99.9

0.1

Gary Figueira

For

Withheld

30,677,377

3,56,459

89.6

10.4

Tom McCole

For

Withheld

34,117,436

136,400

99.6

0.4

In addition, at the Meeting, shareholders reappointed PricewaterhouseCoopers LLP, as auditors of the Company and approved the change of the Company registered office to 1106 Dearness Drive, Unit #4 London, Ontario N6E 1N9.

The Company also has posted the presentation from the annual and special meeting of shareholders on its Company website posera2.forcefivedev.ca in the Investor Relations section.

The formal report of voting results with respect to all matters voted upon at the Meeting was filed on SEDAR at www.sedar.com.

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^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 posera2.forcefivedev.ca 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.

For more information:

Kevin Mills, Chief Financial Officer

1.519.434.8017

Posera Announces Distribution Agreement with Solink

Toronto, ON – May 30, 2017 – Posera Ltd. (TSX : PAY) a leading provider of mission critical software solutions for the hospitality industry, today announced a distribution agreement with Solink, a leader in the Security as a Service space, to distribute their video recording and loss prevention solution throughout Posera’s vast install base.

Posera is proud to announce a reseller partnership with Solink to offer a cloud-based subscription solution for video recording and loss prevention to Posera’s 30,000+ customer base. This partnership will empower Posera’s hospitality customers to proactively tackle theft in their stores while expanding the use of surveillance video to improve operations and management.

Solink’s solution matches in-store transactions to corresponding video, providing store owners with multiple data points to search for and track important events such as voids, discounts, no sales, refunds and cash transactions. This eliminates the need to manually search for events in video by time and location. When the software identifies an outlier, it will notify the owner or manager who can then open the Solink app on their mobile device or laptop and review the incident. Other features include email digests reports, ability to share video via email or text message, case management, and live chat for customer support.

“Our customers will benefit greatly from the monthly recurring service model as it requires a low up-front capital expenditure to upgrade their existing legacy solution and IP based security video cameras to Solink’s cloud based solution,” said Dan Poirier, Chief Executive Officer of Posera Ltd.

“We’re excited to combine Posera’s reputable point-of-sale technology and customer service with the security solution that we’ve built, specifically for the hospitality industry,” said Mike Matta, Chief Executive Officer of Solink.

###

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 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 posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

About Solink

Solink was founded in 2009 to tackle ATM fraud with a focus on making video a proactive source of insight. Since then, the company has developed a cloud-based security and loss prevention solution that is deployed in thousands of locations in the quick service, retail and financial space. Solink is headquartered in Ottawa, Canada. For more information visit solinkcorp.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.

For more information:
Kevin Mills, Chief Financial Officer

1.416.703.6462 ext. 2203

Posera Announces Partnership with Ingenico Group for the Integration of its SecureTablePay Pay-at-the-Table Solution

TORONTO, May 19, 2017, Posera Ltd. (TSX : PAY), a leading provider of software solutions for the hospitality industry, announced its partnership with Ingenico Group, the global leader in seamless payment, for the launch of Posera’s SecureTablePay^® Pay-at-the-Table solution in the US market.

One of the biggest trends in the hospitality industry is the ability to accept card payments at the point of service via mobile payment devices. This capability has existed in many markets, such as Europe and Canada, for many years, and now increasingly, casual dining and table service restaurants in the US are adopting wireless terminals to offer Pay-at-the-Table convenience to their patrons. Ingenico Group and Posera provide an ideal solution to restaurants with the launch of Posera’s SecureTablePay on Ingenico Group’s wireless smart terminals, such as the iWL250.

This combined Ingenico Group hardware and Posera software solution not only increases convenience for the customer, but also increases efficiency for the restaurant and the server, allowing the server to spend more time on the floor with the customer and reducing the steps and time it takes to close a check. All that with added security including acceptance of EMV chip cards and NFC/contactless payments such as Apple Pay and Android Pay, and point-to-point encryption (P2PE) and tokenization, protecting customers and ensuring PCI compliance.

“There are over half a million restaurants in the US who have or will be adopting EMV standards over the next few years, and will need the ability to accept payments at the point of service. By combining the Posera’s solution with our wireless smart terminals, SecureTablePay enables restaurant payments that provide greater security and better customer service to American restaurants and their patrons,” said Howard Finch, vice president, sales at Ingenico Group, North America.

EMV-enabled Pay-at-the-Table solutions give customers the peace of mind of added security as the payment device is brought to them at the point of service. Customers can safely and easily use their chip cards, with either a PIN or signature, right from their seats. This embraces a core principle of better card security, which consumers are hearing about more frequently: never relinquish possession of your payment card, even temporarily. This combination of powerful security and faster, more convenient checkouts makes paying at the table with wireless terminals the ideal approach to satisfy hospitality customers.

“We have partnered with Ingenico for close to 10 years in Canada and are excited to launch SecureTablePay with them in the US,” said Dan Poirier, Chief Executive Officer for Posera. “Our customers have found Ingenico wireless devices to be very durable and customer-friendly, with an incredible coverage range and battery life. We believe partnering SecureTablePay with Ingenico’s mPOS devices provides the best possible pay-at-the-table solution to restaurants in the US,” added Poirier.

If you’d like to learn more about Ingenico Group and Posera’s SecureTablePay Pay-at-the-Table solution and the latest payment technologies, please visit the Ingenico Group booth (#10919) during the National Restaurant Association show, May 20-23, 2017 in Chicago, IL.

###

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’^® 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:
Kevin Mills, Chief Financial Officer

1.519.434.8017

Posera Announces Partnership with Vantiv and the Certification and Launch of SecureTablePay in the US Market

TORONTO, May 18, 2017 – Posera Ltd. (TSX : PAY), a leading provider of software solutions for the hospitality industry, announced today the completion of certification with Vantiv, the largest payment processor in the U.S., for Posera’s pay-at-the-table (PATT) solution, SecureTablePay^®.

Posera’s SecureTablePay is a middleware that allows customers to pay at the table in an easy, efficient, secure and EMV compliant manner. With SecureTablePay the server only needs to go to the POS workstation once – to place the order. Pulling up the check, accepting and authorizing payment, and closing the table with full reconciliation to the POS is done directly at the table. This allows the server to spend more time on the floor with customers, and the credit or debit card never leaves the customer’s hands increasing security and reducing the opportunity for fraud, creating the perfect balance of greater security and increased efficiency.

“SecureTablePay is a great option for pay-at-the-table functionality,” said Matt Downs, Head of Channel and Business Development Integrated Payments at Vantiv. “With ongoing data breaches and attacks,

SecureTablePay provides restaurant guests with a new level of security by utilizing both EMV chip technology and point-to-point encryption. We are excited to partner with Posera to bring this technology to the U.S. market.”

SecureTablePay has been proven for over 10 years with thousands of installations and is already integrated to most of the leading restaurant point-of-sale (POS) applications in North America, and is now ready to launch into the US market this June.

“We are very excited about the completion of our first certification with SecureTablePay in the U.S., especially since it is with Vantiv. Given their focus and penetration in the hospitality industry, Vantiv is the perfect partner for us to pilot and then launch SecureTablePay in the U.S.,” said Dan Poirier, Chief Executive Officer for Posera. “Once customers and merchants realize how simple and efficient it is to pay at the table, we expect this will become the standard that customers will demand,” 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 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 posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

For more information:
Kevin Mills, Chief Financial Officer

1.519.434.8017

Posera Announces First Quarter 2017 Financial Results

Toronto, ON – May 15^th, 2017 – Posera Ltd. (TSX : PAY) (“POSERA” or the “Company”), a leading provider of software and payment solutions for the hospitality industry, today announced its financial results for the three-months ended March 31^st, 2017.

During the three-months ended March 31, 2017, Posera recognized $3,947,807 in total revenues⁽¹⁾, a decrease of $467,066 or 10.6% and an increase of $68,668 or 1.8% when compared to the three-months ended March 31, 2016 and December 31, 2016 respectively.

Posera experienced a normalized EBITDA loss⁽²⁾ for the three-months ended March 31, 2017 of $1,166,382, an increase in the loss of $620,185 (113.5%) and a decrease in the loss of $241,195 (17.1%), for the three-months ended March 31, 2016 and December 31, 2016 respectively. The increase in the loss between the first quarter comparable periods is due to the decrease in sales revenue and gross profit generated by the Company. Additionally, operating expenses were higher between the comparable periods when normalizing for restructuring expenditures, but the balance of this increase was non-cash in nature through the expensing of stock-based compensation.

During the three-months ended March 31, 2017, Posera recognized a net loss⁽²⁾of $1,797,233, an increase in the loss of $248,109 (16.0%) from a loss of $1,549,124 for the three-months ended March 31, 2016, and a decrease in the loss of $489,591 (21.3%) from a loss of $2,283,824 for the three-months ended December 31, 2016.

The Company will hold a conference call on Tuesday, May 16^th, 2017 to discuss the financial results for the year and three-months ended March 31, 2017, at 1:00 PM Eastern Standard Time hosted by Loudon Owen, Executive Chair, Dan Poirier, Chief Executive Office and Kevin Mills, Chief Financial Officer. A question and answer session will follow the corporate update.

CONFERENCE CALL DETAILS

Date: Tuesday, May 16^th, 2017

Time: 1:00 PM Eastern Standard Time

Participant Dial-in Numbers:

Local – Toronto (+1) 647-427-7450

Toll Free – North America (+1) 888-231-8191

Conference ID: 23248593

(1) Amount presented applies the retrospective presentation for discontinued operations for the Zomaron transaction as discussed in this MD&A on Page #3-4 of the Company’s Management Discussion and Analysis for the year and three-months ended March 31, 2017.

(2) Presentation of these amounts include the results from discontinued operations as discussed on Page #3-4 of the Company’s Management Discussion and Analysis for the year and three-months ended March 31, 2017.

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 posera2.forcefivedev.ca 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.

For more information:
Kevin Mills, Chief Financial Officer

1.519.434.8017

Actus Data and Posera Launch the Posera Advanced Reporting Solution at NRA

Denver, Colorado — May 4, 2017 — Actus Data, a leading provider of artificial intelligence (AI) and advanced data analytics for the restaurant industry, along with Posera Ltd., a leading provider of hospitality point-of-sale software solutions, today announced that the launch of the Posera Advanced Reporting Solution will be at the National Restaurant Association (NRA) conference in Chicago, IL on May 20-23, 2017.

The Posera Advanced Reporting Solution is built on the cloud-based Actus Data Smart Restaurant Solution platform and includes interactive dashboards and reports as well as access to advanced AI and analytics capabilities that are robust enough to serve customers as their needs and sophistication grow.

“Actus Data is thrilled to be partnering with Posera to provide in-depth reporting and analytics to their customers,” said Paul Konkel, Chief Executive Officer of Actus Data. “With Posera Advanced Reporting, customers get a powerful, flexible, and affordable analytics solution designed from the ground up to tackle Big Data challenges today and for years to come,” added Konkel.

“To thrive in today’s data rich restaurant environment, it is necessary to move beyond static queries, downloads, and spread sheets that have defined restaurant reporting for decades. By working with Actus Data, we are providing our customers the capabilities they need to make better decisions and deliver data-driven results,” said Dan Poirier, Chief Executive Officer of Posera Ltd.

Visit Actus Data and Posera in booth 6383 at NRA to see the Posera Advanced Reporting Solution first hand.

About Actus Data

Actus Data is a cutting-edge data science as a service business committed to providing the most advanced, comprehensive, and affordable restaurant analytics solutions available. We are data experts with significant business experience who are laser focused on customer success and passionate about delivering value. Our Smart Restaurant Solution powers Posera Advanced Reporting as well as the AI and advanced predictive and prescriptive analytics that will give you everything you need to transform your data into action.

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 posera2.forcefivedev.ca

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 posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

Media Contact

Courtney Duffy

720-588-8180

info@actusdata.com

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 posera2.forcefivedev.ca

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 posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

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Ackroo Integrates with Posera’s SecureTablePay Pay-at-the-table Solution

OTTAWA, ONTARIO – April 7^th, 2017 – Ackroo Inc. (TSX-V: AKR, OTC: AKRFF) (“Ackroo”), a gift card, loyalty and rewards technology and services provider, announced the launch of their latest advancement to the Ackroo Anywhere platform with integration to Posera’s SecureTablePay (“STP”) middleware “pay-at-the-table” solution. This development will provide current and prospective Ackroo customers the opportunity to process gift card and loyalty transactions on wireless terminals that integrate to various point-of-sale (“POS”) software solutions, and will provide merchants who use Posera’s STP payment solution to accept Ackroo gift cards as a form of payment in the STP wireless payment terminal. Before this advancement, Ackroo merchants who utilized integrated wireless terminals in environments like restaurants would be required to fund and redeem gift card and loyalty transactions at one of the main POS stations instead of via wireless terminals that a server would bring to the table. In the restaurant environment, this process isn’t ideal for staff or customers, and integration represents a significant enhancement for this merchant segment. This advancement not only assists merchants who use hard cards from Ackroo for gift and loyalty but also those that will deploy Ackroo’s new mobile application as their new Pay Code system (Ackroo’s proprietary solution that allows stand alone terminals to accept mobile payments) will support “pay-at-the-table” for mobile as well. This is a leading-edge solution provided by Ackroo and Posera to better support the hospitality industry.

The solution will be available for deployment by Ackroo merchants initially using First Data terminals only. In the future, other processing partners may be included, however, the initial joint venture is between First Data, Ackroo, Posera’s STP, and the various POS systems affiliated with the STP solution.

“Pay-at-the-table is a very important enhancement needed for the restaurant segment,” said Steve Levely, Chief Executive Officer at Ackroo. “Restaurants are constantly looking for ways to improve the customer experience while also reducing operational strain on their staff. Pay-at-the-table technology supports that ask in a secure and easy to use manner and since most casual and fine dining restaurants have moved to this method of accepting debit and credit payment, we also wanted to be able to support our gift card and loyalty payments being accepted this way. This advancement also assists our mobile strategy. Via Ackroo’s Pay Code system, within the white labelled mobile application, consumers can use their mobile devices to redeem at the table through the handheld terminals. The solution will be launched initially for First Data terminals only providing yet another competitive advantage for our channel partner to offer Ackroo to their current and prospective merchant base. Very exciting enhancement for Ackroo, First Data, Posera, the various POS partners involved, and our merchants.”

“Enabling customers to pay-at-the-table improved convenience and security for customers and efficiency for the restaurant industry, and now paying at the table got even better,” said Dan Poirier, Chief Executive Officer of Posera. “This new partnership between our SecureTablePay solution and Ackroo, will enable customers to pay using gift cards or redeem their loyalty points right at the table. Regardless of your method of payment, SecureTablePay will allow customers to pay quickly and securely. In fact, customers will even be able to split their payment between the different payment methods right at the table.”

In addition, Ackroo announces that it has cancelled 450,000 existing incentive stock options at various strike prices and has granted options to purchase 400,000 common shares to directors, officers, employees, and consultants of the Company exercisable at a price of $0.20, for a period of 3 years. The grant is subject to the approval of the TSX Venture Exchange.

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 posera2.forcefivedev.ca

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 posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

About Ackroo

Founded in 2012, Ackroo provides gift card and loyalty processing solutions to help retail and hospitality merchants attract, retain and grow their customers and their revenues. Through a SaaS based business model Ackroo provides an in-store and online automated solution to help merchants process gift card & loyalty transactions at the point-of-sale, provide key administrative and marketing data, and to allow customers to access and manage their gift card and loyalty accounts. Ackroo also provides important marketing services to assist their merchants with utilizing Ackroo’s technology solution. Ackroo is headquartered in Ottawa, Canada. For more information, visit: www.ackroo.com.

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Posera Ltd. Announces Launch of Posera Technology in the Philippines and Broadcasts Timing of a Business Update Conference Call

TORONTO, April 5^th, 2017 /CNW/ – Posera Ltd. (TSX : PAY) (“Posera” or the “Company”), a leading provider of mission critical software solutions for the hospitality industry announced today that it has successfully deployed its Point-of-Sale (“POS”) software technology in the Philippines, leveraging the International expansion of a major customer.

“We are delighted to have had a successful launch in the Philippines which will be a reference account for our broader expansion throughout Asia. This deployment was achieved on an aggressive schedule which is a testimonial to the versatility of our product, dedication of our employees and the confidence of our customer and their local partner.” said Paul Schafer, Vice President of Major Accounts.

“Posera has a deep expertise in providing technology solutions for the Quick Service Restaurant (“QSR”) industry and Posera’s successful launch confirms that our QSR POS solutions that have been proven in North American and Europe are also suited to the fastest growing markets, including Asia. Posera has made a significant investment to establish this beachhead in Southeast Asia, which will provide a launching pad to the rest of Asia. Posera has thousands of QSR locations deployed worldwide, with concentrations in Europe and North America. This demonstrates that our POS products are well suited to International growth in the economies of Asia, Africa, Central and South America, as our products have been built from inception with a multi-lingual approach,” said Dan Poirier, Chief Executive Officer.

Transparency Market Research (“TMR”) estimates⁽¹⁾ that the global fast food market is expected to grow to $617.1 billion USD by 2019 from $477.1 billion USD in 2013. Further TMR predicts that growth will be accelerated in the emerging regions, such as Asia, Africa, Central and South America, because of favourable demographics, increasing disposable income and greater urbanization. These trends have spearheaded Posera’s approach to focus on these developing markets and expand our footprint beyond North America and Europe.

The Company will hold a conference call on Friday, April 7^th, 2017 to discuss the financial results for the year and three-months ended December 31, 2016, at 11:00 AM Eastern Standard Time hosted by Loudon Owen, Executive Chair, Dan Poirier, Chief Executive Office and Kevin Mills, Chief Financial Officer. A question and answer session will follow the corporate update.

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 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 posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

References

Transparency Market Research: Global Fast Food Market will be worth US$617.6 billion by 2019, September 29, 2016

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Posera Announces Appointment of Mr. Dan Poirier as Chief Executive Officer

Toronto, ON – January 30th, 2017 – Posera Ltd. (TSX : PAY) (“Posera” or the “Company”), a leading provider of software solutions for the hospitality industry, today announced that its Board of Directors has appointed Mr. Dan Poirier as its Chief Executive Officer (“CEO”) effective immediately.

Mr. Poirier has served as Chief Operating Officer since July, 2016. He has already been responsible for the transformation of the Company’s sales and customer service organization from regional operating teams into a single, global operating platform and has been leading several international expansion initiatives.

Mr. Loudon Owen Chair of the Company’s Board of Directors will remain with Posera on a full-time basis as Executive Chair. In this role, Mr. Owen will focus on strategic planning and major customer accounts, as well as supporting Mr. Poirier as CEO.

Mr. Poirier is an accomplished global technology business executive and brings a broad range of experience to his new role at Posera. He was previously the Sr. Vice President, Networks and Devices for ORBCOMM Inc. from January, 2015 to June, 2016. Prior to that he was the Senior Vice President of Global Sales and Operations for Skywave Mobile Communications Inc. (“Skywave”) (acquired by ORBCOMM Inc. January, 2015) from November, 2006 to January, 2015. Mr. Poirier held roles of increasing responsibility during his time at Skywave, ranging from operations to global business leadership and sales and marketing. Mr. Poirier holds a Bachelor of Science (Engineering) degree and an MBA for Science and Technology both from Queen’s University.

Mr. Owen, commented, “I am very pleased to announce Dan’s appointment as Chief Executive Officer of Posera. Dan brings a remarkable skill-set and experience that will transform the Company. Dan is a known commodity in the technology industry and we could not be more delighted to have him lead the Posera team during its next stage of growth.”

About POSERA

Posera has been a leading provider of mission critical 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 FingerPrintsTM 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 posera2.forcefivedev.ca 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 30th,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.

For further information:

Kevin Mills, Chief Financial Officer,

1.416.703.6462 ext. 2203,

Investor Relations Contact:

Caleb Jefferies,

1.604.684.6730

Posera Completes $2.3 million Private Placement of Common Shares

TORONTO, Jan. 20, 2017 /CNW/ – Loudon Owen, CEO and Chairman of Posera Ltd. (“Posera” or the “Company”), is pleased to report that Posera has closed a non-brokered private placement of common shares (“Common Shares”). Under the private placement, the Company issued a total of 18,899,997 Common Shares at a price of $0.12 per Common Share (the “Offering”) for gross proceeds of $2,268,000. Posera paid finders fees in the aggregate amount of $71,098 in connection with certain subscriptions for Common Shares, representing 6.0% of the gross proceeds of such subscriptions.

Certain Common Shares issued in connection with the Offering are subject to a 4-month hold period which expires on May 21, 2017.

The proceeds from the Offering are being used to increase the working capital of the Company. The Common Shares have been conditionally approved for listing on the Toronto Stock Exchange (“TSX”).

The Common Shares are listed on the TSX under the symbol “PAY”.

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 MaitreD’TM and FingerPrintsTM 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.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.

The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any state securities laws and may not be offered or sold within the United States to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

More information about Posera can be found on the Company’s website at posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

Forward-Looking Statements

This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with the Company’s business and the environment in which the business operates. These statements include, but are not limited to, the expected size and completion date of the Offering, participation in the Offering by certain insiders, and the use of proceeds from the Offering. 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 forwardlooking 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 general market conditions as they relate to the Company’s Shares, and the matters discussed under “Risks and Uncertainties” in the Annual Information Form filed on March 30, 2016 with the securities regulatory authorities and available on SEDAR. 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.

For further information:

Kevin Mills, Chief Financial Officer,

1.416.703.6462 ext. 2203,

Investor Relations Contact:

Caleb Jefferies,

1.604.684.6730

Posera Announces Non-Brokered Private Placement of Common Shares

TORONTO (January 9, 2017) – Posera Ltd. (TSX: PAY) (“Posera” or the “Company”) today announces that it is undertaking a non-brokered private placement of up to 18,900,000 common shares of the Company (“Shares”) at a price of $0.12 per Share, for aggregate gross proceeds of up to $2,268,000 (the “Offering”). Closing of the Offering is expected to take place on or about January 20, 2017.

It is anticipated that the net proceeds of the Offering will be used for working capital and general corporate purposes. The Shares sold pursuant to the Offering will be subject to resale restrictions under applicable securities laws, including a statutory hold period of four months. The Offering is subject to the approval of the Toronto Stock Exchange.

The Company may pay finder’s fees to certain qualified eligible persons assisting the Company in the Private Placement in an amount not to exceed 6% of the gross proceeds of the subscriptions from subscribers introduced to the Offering by such finders.

Certain insiders of the Company may acquire Shares in the Offering. Any participation by insiders in the Private Placement would constitute a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the Company expects such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 based on the fact that neither the fair market value of the Shares subscribed for by the insiders, nor the consideration for the Shares paid by such insiders, would exceed 25% of the Company’s market capitalization.

The Company will file a material change report in connection with the Offering less than 21 days before the expected closing date of the Offering, which the Company deemed reasonable in the circumstances to be able to avail itself of potential financing opportunities and complete the Offering in an expeditious manner.

The securities being offered pursuant to the Private Placement have not been, and will not be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.

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-TheTable (“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.

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 posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

Forward-Looking Statements

This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with the Company’s business and the environment in which the business operates. These statements include, but are not limited to, the expected size and completion date of the Offering, participation in the Offering by certain insiders, and the use of proceeds from the Offering. 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 forwardlooking 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 general market conditions as they relate to the Company’s Shares, and the matters discussed under “Risks and Uncertainties” in the Annual Information Form filed on March 30, 2016 with the securities regulatory authorities and available on SEDAR. 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.

For further information:

Kevin Mills, Chief Financial Officer,

1.416.703.6462 ext. 2203,

Investor Relations Contact:

Caleb Jefferies,

1.604.684.6730

Posera Announces Chairman and CEO, Loudon Owen Purchased 4,000,000 Common Shares of Posera Ltd.

TORONTO, Jan. 3, 2017 /CNW/ – Posera Ltd. (TSX : PAY) (“Posera” or the “Company”), a leading provider of software solutions for the hospitality industry, is pleased to announce that its Chairman and CEO, Mr. Loudon Owen has recently purchased a total of 4,000,000 Common Shares of the Company. Today’s announced purchase is in addition to Mr. Owen’s October, 2016 purchase of 784,747 Posera Common Shares. The purchases were all executed through a private corporation controlled by Mr. Owen. Specific details are disclosed in Mr. Owen’s filings made on SEDI on January 3rd, 2017.

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 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 posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

For further information:

Kevin Mills, Chief Financial Officer,

1.416.703.6462 ext. 2203,

Investor Relations Contact:

Caleb Jefferies,

1.604.684.6730

2016

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

Toronto, ON – December 20, 2016 – 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’™ 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.
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 posera2.forcefivedev.ca 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 30th 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.

For further information:

Kevin Mills, Chief Financial Officer,

1.416.703.6462 ext. 2203,

Investor Relations Contact:

Caleb Jefferies,

1.604.684.6730

POSERA Announces Chairman and CEO, Loudon Owen Purchased 784,747 Common Shares of Posera Ltd.

Toronto, ON – October 25th, 2016 – Posera Ltd. (TSX : PAY) (“Posera” or the “Company”), a leading provider of software solutions for the hospitality industry, is pleased to announce that its Chairman and CEO, Mr. Loudon Owen has recently purchased a total of 784,747 Common Shares of the Company at the current closing market price of $0.185. The purchases were all executed through a private corporation controlled by Mr. Owen. Specific details are disclosed in Mr. Owen’s filings made on SEDI on October 24th, 2016.

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’™ 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.
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 posera2.forcefivedev.ca or under the Company’s profile on SEDAR at www.sedar.com.

For further information:

Kevin Mills, Chief Financial Officer,

1.416.703.6462 ext. 2203,

Investor Relations Contact:

Caleb Jefferies,

1.604.684.6730

POSERA Announces a Second SecureTablePay Distribution Agreement with a Leading US Payments Processor

TORONTO, September 8, 2016 /CNW/ – Posera Ltd. (TSX : PAY) (“Posera” or the “Company”), a leading provider of software solutions for the hospitality industry, announces it has signed its second SecureTablePay non-exclusive distribution agreement with one of the largest payment processors in the United States. The agreement will generate initial license fees and monthly recurring revenues for POSERA.

Posera expects the solution to be available once technical certification is completed in approximately 3 months. Upon completion of the technical certifications and when the US Payment Processing partner is ready to launch the SecureTablePay solution, Posera and the US Payment Processor will circulate a joint press release.

SecureTablePay application enables safe, secure and stable ”Pay-at-the-Table” (“PATT”) capabilities. Posera has many years of Canadian and international success in the EMV Chip and PIN1 business. SecureTablePay has a unique and leading architecture, which provides both convenience and security. The SecureTablePay platform is already integrated to most of the leading Restaurant Point-of-Sale applications worldwide. SecureTablePay is:

Unique Architecture & Rapid Implementation: It is the only semi-integrated EMV1 and Contactless application allowing restaurant wait-staff to totally manage payments, split checks, tips and tables, remotely from a wireless payment terminal. SecureTablePay also incorporates Chip and Signature, PIN based Debit, Gift Cards, Tap and Pay by Phone with end-to-end encryption for the US market. The semi-integrated approach requires less development effort, and a reduced Payment Card Industry (“PCI”) scope, enabling a vastly compressed time to market
Secure: SecureTablePay provides the extraordinary convenience of paying at the table for both restaurant wait-staff and their customers. The card never leaves the Cardholder’s hands reducing the risk of fraud for both the merchant and cardholder. It also provides a secure solution to the enormous security challenges and financial risks that merchants now face due to the October 2015 liability shift imposed by the payment processors. This shift transfers the liability to the retail / restaurant merchants for chargebacks relating to fraudulent transactions, where previously chargebacks were a cost incurred by the processor.
Market-Ready: SecureTablePay is integrated to 20 of the largest Restaurant Point-of-Sale applications worldwide and our solution is already installed in several thousand hospitality merchants across Canada.
Independent Evolution: Secure Table Pay allows the POS and Payments Processing to evolve independently in this dynamic industry without the need for re-certification as the US industry evolves through its payment security process.
Improved Efficiency and Profitability: Secure Table Pay improves speed and accuracy in the Restaurant reducing Tip Adjust errors, improving wait-staff efficiency while increasing Table Turn Rates and profits for merchants, leading to a better overall customer experience.

The market opportunity for this solution is immense, with over 635,000 restaurants in the United States that would benefit from the use of the SecureTablePay technology.

Posera’s CEO Loudon Owen said, “The historically pervasive fraud and theft of customer identity is simply unacceptable and unfair to merchants and customers alike. Our solution wages war on the criminals and puts the power and control back in the hands of the merchants and consumers. We are particularly pleased to have completed our second SecureTablePay distribution agreement with another prestigious US payment processor and further confirms acceptance of our leading solution. We anticipate that once the technical certification is complete and our partners sales force is up and running, we will accelerate our penetration into the US marketplace. Owen added, “Once customers and merchants realize how easy and convenient it is to pay-at-the-table, we expect this will become the “Standard” that customers will demand.”

Industry Terminology Explained: EMV (“Europay, MasterCard and Visa”) is a technical standard for smart payment cards, payment terminals and ATM’s (“Automated Teller Machines”). Payment cards that comply with the EMV standard are often called Chip and PIN or Chip and Signature cards, depending on the exact authentication methods required to use them. Chip and PIN is the most secure type of technology for credit and debit cards transactions. Rather than physically signing a receipt for identification purposes, the user enters a four-digit Personal Identification Number (“PIN”). This number must correspond to the information that is stored on the Chip. Chip and PIN technology makes it much harder for fraudsters to replicate, therefore if a customer’s card is stolen, there will be no fraudulent purchases unless the criminal knows their four-digit PIN.

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 FingerPrintsTM 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 posera2.forcefivedev.ca 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 30th 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.

For further information:

Kevin Mills, Chief Financial Officer,

1.416.703.6462 ext. 2203,

Investor Relations Contact:

Caleb Jefferies,

1.604.684.6730

POSERA Announces Resignation of Director Paul K. Howell

TORONTO, May 24, 2016 /CNW/ – Posera Ltd. (TSX : PAY) (“Posera” or the “Company”), a leading provider of software solutions for the hospitality industry, today announced that Paul K. Howell has tendered his resignation as a member of the Board of Directors of Posera Ltd

Mr. Howell was one of the key contributors to Posera’s transformation since becoming a director and Chief Executive Officer of the organization in November, 2006. Mr. Howell stepped down from the role as Chief Executive Officer of Posera on September 25, 2015.

Loudon Owen, the Chairman of the Company’s Board of Directors, thanked Mr. Howell on behalf of the Board and the Company for his long-time dedication. “Paul has been an integral part of Posera for the past 9 years. We thank him for his commitment and leadership, and of course wish him well in all of his future endeavours.”

About POSERA

For more than 30 years, POSERA has been supporting merchant business success in the hospitality industry. POSERA is in the business of managing merchant transactions with consumers and facilitating all aspects of the payment transaction. Posera’s Maitre ‘D^TM and FingerPrints^TM Point-of-Sale solutions are trusted by the top fine dining and quick-service hospitality brands around the world.

A TSX company trading under the symbol “PAY”, POSERA’s full service solutions include integrated and non-integrated debit and credit processing, EMV compliant Pay-At-The-Table (“PATT”) applications, system hardware integration services, merchant staff training, system installation services, and post-sale software and hardware customer support.

Posera’s POS system software solutions, associated enterprise management tools have been deployed in 25 countries and 8 different languages at over 30,000 merchant locations worldwide. POSERA’s direct sales force is bolstered by a global dealership network of approximately 80 resellers which translates to approximately 500 representatives selling, supporting and installing its software and related products and services. Posera prides itself on its long and established track record of exceptional customer service and continued technological innovation. Posera’s success will continue to be driven by the Company’s unwavering objective to ensuring the business success of its growing base of merchant clients.

More information about Posera can be found on the Company’s website at posera2.forcefivedev.ca 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.

For further information:

Kevin Mills, Chief Financial Officer,

1.416.703.6462 ext. 2203,

Investor Relations

Contact:Caleb Jefferies,

1.604.684.6730

Posera Announces First Quarter 2016 Financial Results

TORONTO, May 16, 2016 /CNW/ – Posera Ltd. (TSX:PAY) (“Posera” or the “Company”), a leading provider of software solutions for the hospitality industry, today announced its financial results for the three-months ended March 31^st, 2016.

During the three-months ended March 31, 2016, Posera recognized $4,419,134 in total revenues⁽¹⁾, an increase of $569,775 or 14.8% when compared to the three-months ended March 31, 2015 of $3,849,359.

During the three-months ended March 31, 2016 Posera incurred restructuring expenditures of $687,773 (2015 – $nil). The restructuring investments are expected to reduce expenditures, increase overall efficiency and financial performance of the Company in the long-term. Restructuring expenses are related primarily to operational consultants and reducing overall employee headcount through terminations.

Recurring revenues for the three-months ended March 31, 2016 were $1,746,609, an increase of $260,453 (17.5%) from recurring revenues of $1,486,156 for the three-months ended March 31, 2015.

Posera experienced a normalized EBITDA loss⁽²⁾ for the three-months ended March 31, 2016 of $546,197, a decrease in the loss of $17,024 (3.0%), from a loss of $563,221 for the three-months ended March 31, 2015. The change in the normalized EBITDA loss was negligible between the comparable periods.

Discontinued Operations: Subsequent to March 31, 2016, on April 29, 2016 the Company completed the sale of all of the issued and outstanding shares in the capital of its wholly owned subsidiary Zomaron Inc. (“Zomaron”), to a company established by Zomaron’s current operating management team. To understand the current and comparative financial results included in this press release, please refer to the Company’s Financial Statement’s and Management Discussion and Analysis for the three-months ended March 31, 2016 where a detailed explanation and disclosures are presented for the Zomaron discontinued operation and the resulting impact to the Company’s consolidated results.

The Company will hold a conference call on Wednesday, May 18^th, 2016 to discuss the financial results for the three-months ended March 31^st, 2016, at 11:00 AM Eastern Standard Time hosted by Loudon Owen, Chief Executive Officer and Kevin Mills, Chief Financial Officer. A question and answer session will follow the corporate update.

Quarterly Highlights

Recurring revenues⁽¹⁾ for the three-months ended March 31, 2016 were $1,746,609, an increase of $260,453 (17.5%) from recurring revenues of $1,486,156 for the three-months ended March 31, 2015, and an increase of $74,946 (4.5%) from recurring revenues of $1,671,663 for the three-months ended December 31, 2015;

Total revenue⁽¹⁾ was $4,419,134 for the three-months ended March 31, 2016, an increase of $569,775 (14.8%) from $3,849,359 for the three-months ended March 31, 2015 and a decrease of $107,255 (2.4%) from $4,526,389 for the three-months ended December 31, 2015; and

Normalized EBITDA⁽²⁾ profit(loss) for the three-months ended March 31, 2016 was a loss of $546,197, a decrease in the loss of $17,024 (3.0%) from a loss of $563,221 for the three-months ended March 31, 2015, and an increase in the loss of $333,947 (157.3%), from a loss of $212,250 for the three-months ended December 31, 2015.

(1) Amount presented applies the retrospective presentation for discontinued operations for the Zomaron transaction as discussed in the Company’s MD&A for the three-months ended March 31, 2016 on Page #3.

(2) Presentation of these amounts include the results from discontinued operations as discussed in the Company’s MD&A for the three-months ended March 31, 2016 on Page #3.

CONFERENCE CALL DETAILS

Date: Wednesday, May 18^th, 2016
Time: 11:00 AM Eastern Standard Time

Participant Dial-in Numbers:
Local – Toronto (+1) 647-427-7450
Toll Free – North America (+1) 888-231-8191
Conference ID: 13558849

An archive of the conference call will be available by visiting the Company’s website at posera2.forcefivedev.ca/investor-relations. Please connect at least 10 minutes prior to the conference call to ensure time for any software download that may be needed to hear the webcast.

About POSERA

More information about Posera can be found on the Company’s website at posera2.forcefivedev.ca 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.

For further information:

Kevin Mills, Chief Financial Officer,

1.416.703.6462 ext. 2203,

Investor Relations

Contact:Caleb Jefferies,

1.604.684.6730

POSERA completes the Sale of Non-Core Asset Zomaron Inc.

Toronto, ON – Posera Ltd. (TSX:PAY) (“Posera” or the “Company”), a leading provider of software solutions for the hospitality industry, today announced it has completed the sale of all issued and outstanding shares in the capital of its wholly owned subsidiary Zomaron Inc., to a company established by Zomaron’s current operating management team.

Consideration for the Zomaron sale is comprised of cash, repayment of intercompany debt and the assumption of negative working capital by the purchaser, resulting in Posera’s working capital improving by approximately $4.5 million.

Posera’s CEO Loudon Owen said, “The disposition of this non-core asset is a very positive step. Not only does it fortify our balance sheet, but it also enables us to concentrate on growing our core business. Posera will use the proceeds to accelerate its program of SecureTablePay middleware partnerships in the USA, along with the continued expansion of its Point-of-Sale (“POS”) platforms, MaitreD’ and Fingerprints.”

About POSERA

For more than 30 years, Posera has been supporting merchant business success in the hospitality industry. Posera manages merchant transactions with consumers and facilitates all aspects of payment transactions. Posera’s Maitre’DTM and FingerPrintsTM Point-of-Sale (“POS”) solutions are trusted by the top fine dining and quick-service hospitality brands around the world.

A TSX company trading under the symbol “PAY”, Posera’s full service solutions include integrated and non-integrated debit and credit processing, SecureTablePay which is an EMV compliant Pay-At-The-Table application, system hardware integration services, merchant staff training, system installation services, and post-sale software and hardware customer support.

Posera’s POS system software solutions, associated enterprise management tools and debit/credit payment terminals have been deployed in 25 countries and 8 different languages at over 30,000 merchant locations worldwide. Posera’s direct sales force is bolstered by a global dealership network of approximately 80 resellers which translates to approximately 500 representatives selling, supporting and installing its software and related products and services. Posera prides itself on its long and established track record of exceptional customer service and continued technological innovation. Posera’s success is driven by the Company’s unwavering commitment to the business success of its growing base of merchant clients.

About ZOMARON

Founded in 2008, Zomaron provides credit and debit card processing solutions, known as Merchant Processing, to merchants in Canada. Through its nationwide network of sales representatives and strategic partnerships, Zomaron has experienced rapid growth and has approximately doubled its merchant count since the Company’s acquisition in December of 2013.

More information about Posera can be found on the Company’s website at posera2.forcefivedev.ca 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 30th 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.

For more information:

Kevin Mills, Chief Financial Officer

1.416.703.6462 ext. 2203

Investor Relations Contact:

Caleb Jefferies

1.604.684.6730

POSERA Announces Release of its SecureTablePay application, and a non-exclusive distribution agreement through a Leading US Payments Processor

Toronto, ON – Posera Ltd. (TSX:PAY) (“Posera” or the “Company”), a leading provider of software solutions for the hospitality industry, today announced it has released its SecureTablePay application enabling safe, secure and stable ‘Pay-at-the-Table’ capabilities. Posera has many years of Canadian and international success in the EMV Chip and PIN1 business.
SecureTablePay has a unique and leading architecture, provides both convenience and security and is already integrated to most of the leading Point-of-Sale applications. SecureTablePay is:

(a) Unique Architecture & Rapid Implementation: It is the only semi-integrated EMV and Contactless application allowing restaurant wait-staff to totally manage payments, tips and tables, remotely from a wireless payment terminal. SecureTablePay also incorporates Chip and Signature, with end-to-end encryption for the US market. The semi-integrated approach requires less development effort, and a reduced Payment Card Industry (“PCI”) scope, enabling a vastly compressed time to market.

(b) Secure: SecureTablePay provides the extraordinary convenience of paying at the table for both restaurant wait-staff and their customers. It also provides a secure solution to the enormous security challenges and financial risks that merchants now face due to the October 2015 liability shift imposed by the payment processors. This liability shift imposes responsibility on merchants for chargebacks relating to fraudulent transactions.

(c) Market-Ready: SecureTablePay is integrated to 20 of the largest Point-of-Sale applications worldwide and our solution is already installed in several thousand hospitality merchants across Canada.

In addition, Posera is pleased to announce it has entered into a non-exclusive distribution agreement with a leading US payment processing company for its SecureTablePay application. While the distribution agreement will generate initial license fee revenues, it is primarily a recurring revenue model. The market opportunity for this solution is immense, with over 635,000 restaurants in the US that would benefit from the use of the SecureTablePay technology.

Posera’s CEO Loudon Owen said, “The US retail sector is reaching a threshold of indignation faced with a pervasive amount of fraud and theft of customer identity. Our solution wages war on the criminals and puts the power and control back in the hands of the retailers and consumers. We are particularly pleased to be at the forefront of this vital step in consumer protection and security and to be able to stand alongside a leading payment processor.” Owen added, “At the same time, customers are demanding the ability to pay at the table. As soon as customers experience it, we expect this will become a standard practice that customers will demand.”

1) Industry Terminology Explained: EMV (“Europay, MasterCard and Visa”) is a technical standard for smart payment cards, payment terminals and ATM’s (“Automated Teller Machines”). Payment cards that comply with the EMV standard are often called Chip and PIN or Chip and Signature cards, depending on the exact authentication methods required to use them. Chip and PIN is the most secure type of technology for credit and debit cards transactions. Rather than physically signing a receipt for identification purposes, the user enters a four-digit Personal Identification Number (“PIN”). This number must correspond to the information that is stored on the Chip. Chip and PIN technology makes it much harder for fraudsters to replicate, therefore if a customer’s card is stolen, there will be no fraudulent purchases unless the criminal knows their four-digit PIN.

About POSERA

For more than 30 years, Posera has been supporting merchant business success in the hospitality industry. Posera manages merchant transactions with consumers and facilitates all aspects of payment transactions. Posera’s Maitre ’DTM and FingerPrintsTM Point-of-Sale (“POS”) solutions are trusted by the top fine dining and quick-service hospitality brands around the world.

More information about Posera can be found on the Company’s website at posera2.forcefivedev.ca 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 30th 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.

For more information:

Kevin Mills, Chief Financial Officer

1.416.703.6462 ext. 2203

Investor Relations Contact:

Caleb Jefferies

1.604.684.6730

POSERA Announces the Sale of Its Wholly Owned Subsidiary Zomaron Inc.

Toronto, ON – Posera Ltd. (TSX:PAY) (“Posera” or the “Company”), a leading provider of software solutions for the hospitality industry, today announced it has executed an agreement with a group representing the current management team of Zomaron Inc. (“Zomaron”) for the sale of all issued and outstanding shares of its wholly-owned Zomaron subsidiary.

Pursuant to the terms of sale which is expected to close on April 29, 2016, Posera will receive cash consideration as well as the cash repayment of an intercompany debt, which is outstanding between Zomaron and Posera. Financial terms of the sale have not been disclosed.

Posera’s CEO Loudon Owen said, “We have built the Zomaron merchant portfolio since it was acquired in 2013, through organic growth and a diligent sales force. This transaction enables Posera to execute on its focused strategy of growing its software business. Posera will use the proceeds to invest in its widely deployed Point-of-Sale (“POS”) platforms, MaitreD’ and Fingerprints, and its secure Pay-at-the-Table middleware solution. Based on our excellent working relationship, Posera and Zomaron will continue to work together in expanding each other’s businesses following this management buyout.”

Zomaron President Tarique Al-Ansari, said, “Zomaron will continue to service its loyal Merchant Processing customers throughout Canada. We also look forward to maintaining our close working relationship with Posera as we each focus on our core businesses.”

About POSERA

For more than 30 years, POSERA has been supporting merchant business success in the hospitality industry. POSERA is in the business of managing merchant transactions with consumers and facilitating all aspects of the payment transaction. POSERA’s Maitre ’DTM and FingerPrintsTM Point-of-Sale solutions are trusted by the top fine dining and quick-service hospitality brands around the world.

POSERA’s POS system software solutions, associated enterprise management tools and debit/credit payment terminals have been deployed in 25 countries and 8 different languages at over 30,000 merchant locations worldwide. POSERA’s direct sales force is bolstered by a global dealership network of approximately 80 resellers which translates to approximately 500 representatives selling, supporting and installing its software and related products and services. Posera prides itself on its long and established track record of exceptional customer service and continued technological innovation. POSERA’s success will continue to be driven by the Company’s unwavering objective to ensuring the business success of its growing base of merchant clients.
About ZOMARON

More information about POSERA can be found on the Company’s website at posera2.forcefivedev.ca 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 30th 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.

For more information:

Kevin Mills, Chief Financial Officer

1.416.703.6462 ext. 2203