Lecere Reaffirms Reverse Split, Delivers Opinion Letter to DTC
07 Januar 2011 - 5:56PM
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 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 (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: Investor Relations Contact:
Mike Stapleton
1.855.4LECERE (1.855.453.2373)
ir.lecere@stallionassets.com
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