Lecere Corporation to Raise Over $7 Million in Private Placement
March 30 2009 - 8:15AM
Business Wire
LECERE CORPORATION (Pink Sheets:
LCRE), a Software as a Service (SaaS) provider of
integrated resource management software for the hospitality
industry, is pleased to announce that it will proceed to raise
$7,050,000 by way of a non-brokered private placement of up to 47
million common shares of the company at $0.15 per common
share.
Lecere has received indications from potential investors
that it will satisfy the placement. The proceeds of
the placement will be used to fund business and market development
activities, the expansion of Lecere�s SaaS offerings, as well as
for general corporate purposes.
�The acquisition of this capital will accelerate our
software as a service deployment at key customers,� said Lecere�s
chairman and CEO, Jim Morris. �We also look forward to
further developing our next generation services that enable greater
competitive advantage for our customers in this challenging
economy,� he added.
About Lecere Corporation
Lecere Corporation provides hospitality businesses
with software to manage and optimize the delicate balance between
their resources and their customers' experiences.
Lecere's FIRMS (Fully-Integrated Resource Management
Software) package helps hospitality businesses reduce their
operating costs while enhancing customer satisfaction.
FIRMS is an integrated set of Software as a Service (SaaS)
modules used for optimizing the operation of restaurants, hotels,
and resorts on any level, ranging from the individual to
multinational chain restaurants, hotels, and resorts. The FIRMS
Software offers five individual, on-demand modules including Point
of sales (POS), Reservations, Accounting, Mapping and Geocoding, as
well as Data Mining. Additional modules under
development include customer-accessible web and cell phone
interfaces for reservations, dining room optimization utilizing
advanced algorithms and customer relationship management (CRM)
capabilities. Further information can be obtained
at www.lecere.com
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