updated 3/29/2011 9:16:23 AM ET 2011-03-29T13:16:23

PORTLAND, Ore., March 29, 2011 (GLOBE NEWSWIRE) -- Lecere Corporation (Pink Sheets:LCRE), a software as a service (SaaS) development company, has joined with TekTango, Inc. to integrate the iPay Mobile Point of Sale payment processing application with their flagship FIRMS restaurant management software.

The two companies have established a relationship whereby Lecere will focus its efforts on providing a fully-integrated, internet-based restaurant management system leveraging iPay Mobile Point of Sale to provide secure table-side credit card processing, tip and signature capture using mobile devices.

"The strategic alliance of Lecere and TekTango is perfectly positioned to play a major role in mobile payment processing, a rapidly-emerging new technology that promises to revolutionize the entire restaurant industry," stated Jim Morris, CEO of Lecere.

"Lecere's FIRMS restaurant management software exemplifies the type of innovation mobile devices are bringing to the market," said Russ Palermo, CEO of TekTango. "Providing an integrated payment processing application that allows wait staff to take payments at the table not only saves a lot of time, but can also provide restaurants a distinct customer experience. We are excited to partner with Lecere and look forward to playing a role in this exciting segment."

About Lecere

Lecere Corporation (Pink Sheets:LCRE) 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 our website www.lecere.com

About TekTango

Headquartered in Cheyenne, WY, with offices in Key Biscayne, FL, Indianapolis, IN, and Rancho Santa Margarita, CA, TekTango, Inc. is a privately held development company providing PA-DSS validated mobile payment processing software and PCI compliant credit card processing services. Our flagship product, iPay Mobile Point of Sale is a pioneer in mobile payment processing and one of the most stable, feature rich and merchant friendly mobile payment apps in the market. For more information on iPay Mobile Point of Sale visit our product website www.ipaypos.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: Investor Relations Contact:
         
         Mike Stapleton
         1-855-4Lecere
         ir.lecere@stallionassets.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 2.43%
$30K home equity loan FICO 5.80%
$75K home equity loan FICO 4.54%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.57%
13.57%
Cash Back Cards 17.91%
17.91%
Rewards Cards 17.15%
17.15%
Source: Bankrate.com