News:
Lecere Establishes Line of Credit, Hires Investment Banking Firm
Dec. 16, 2010 (GlobeNewswire) --
PORTLAND, Ore., Dec. 16, 2010 (GLOBE NEWSWIRE) -- Lecere Corporation (Pink Sheets:LCRED), a software development company, today announced that it has entered into an open-ended Line of Credit (LOC) agreement with TIB Bank. In addition, the Company has entered into an agreement with Stallion Assets, Inc. of Dallas, Texas to provide Management Consulting and Investment Banking Services. According to sources inside the company, Stallion Assets provided guidance and assisted in the development and structuring of the TIB Bank LOC and also played a key role in the decision to perform a reverse stock split. Stallion will provide ongoing ancillary services to Lecere.
About Lecere
Lecere Corporation (Pink Sheets:LCRED) of Portland, Oregon develops and markets Lecere FIRMS(TM), an integrated, Web-based suite of interactive restaurant management software that runs on handheld wireless devices. FIRMS helps restaurants reduce their operational costs while enhancing their customers' experiences for increased revenues and profits. Visit the Lecere website at: www.lecere.com
About Stallion Assets
Stallion Assets, Inc. of Dallas, Texas is a Boutique Investment Banking Firm and provides consulting services to OTC companies. Stallion also provides Investor Relations, Promotion and PR services. Visit the Stallion website at: www.stallionassets.com.
Safe Harbor
Statements included in this press release include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based upon current expectations that involve risks and uncertainties, such as our plans, objectives, expectations and intentions. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of a number of factors, including those set forth under the, Cautionary Notice Regarding Forward-Looking Statements and Business sections in the Company's filings with the Securities and Exchange Commission. We use words such as "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "believe," "intend," or similar expressions, variations of those terms or the negative of those terms to identify forward-looking statements. The forward-looking statements specified in the following information have been compiled by our management on the basis of assumptions made by management and considered by management to be reasonable. Our future operating results, however, are impossible to predict and no representation, guaranty, or warranty is to be inferred from those forward-looking statements.
Lecere and FIRMS are trademarks of Lecere Corporation. All other legal marks are the property of their respective owners.
CONTACT: Stallion Assets, Inc.
Investor Relations Contact:
Mike Stapleton
1.800.481.0676 Ext. 13
ir@stallionassets.com
Source: Globe Newswire (Dec 16, 2010 11:14:26 EST) News by QuoteMedia www.quotemedia.com
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