PORTLAND, Ore., March 2, 2011 (GLOBE NEWSWIRE) -- Lecere Corporation (Pink Sheets:LCRE), a software development company, announced today that it has filed a second lawsuit in Delaware. The new lawsuit names Delaware resident Ottavio Calvarese as the defendant. Lecere charges that Calvarese has been publishing false and defaming information about Lecere and its Chief Executive Officer, James B. Morris, causing damage to both the company and its CEO's reputation.
The suit alleges that Calvarese frequently publishes disparaging information on the popular investor website called Investors Hub (iHub); a forum for investors that provides data concerning publicly traded companies and is sometimes used by investors for due diligence purposes.
The founder and former owner of iHub, Matthew Brown, recently pleaded guilty in the United States District Court in Delaware to criminal charges involving stock fraud and money laundering through the use of the iHub forum.
"Our supporters should rest comfortably in knowing that Lecere is making excellent progress despite the hardships brought about by this egregious defamation," said Dr. Morris.
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
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.
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CONTACT: Investor Relations Contact: Mike Stapleton 1-855-4Lecere firstname.lastname@example.org