Lecere Reaffirms Reverse Split, Delivers Opinion Letter to DTC

/ Source: GlobeNewswire

PORTLAND, Ore., Jan. 7, 2011 (GLOBE NEWSWIRE) -- Lecere Corporation (Pink Sheets:LCRE), a software development company, today announced that it has delivered a legal opinion letter to The Depository Trust Company (DTC). In December, 2010 DTC requested an opinion letter in support of a 1 for 10,000 reverse split which the Company enacted on December 13, 2010. Due to a new rule enforced by DTC, which could not have been foreseen by Lecere's management and legal team, some current Lecere shareholders may have experienced a delay in trading their shares. "We're happy to say we have finalized this phase of our restructuring, and now the shareholders that were having problems will very soon be able to trade our stock again," stated Jim Morris, President of Lecere. 

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 

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 ().

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 (1.855.453.2373) ir.lecere@stallionassets.com