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