PORTLAND, Ore., Dec. 20, 2010 (GLOBE NEWSWIRE) -- Lecere Corporation (Pink Sheets:LCRED) was very recently informed by the Depository Trust Company ("DTC") that companies involved in corporate actions such as Lecere's recent 1 for 10,000 reverse stock split will now require an opinion from the company's legal counsel before shares with the company's new CUSIP number can be eligible for deposit within DTC. DTC is the clearing agency for many brokerage firms. As a result of this newly-issued ruling by DTC, investors may experience difficulties in trading Lecere's stock. The Company is working to provide DTC with the requested legal opinion.
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
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.