POSERA Announces Chairman and CEO, Loudon Owen Purchased 784,747 Common Shares of Posera Ltd.

TORONTO, Oct. 25, 2016 /CNW/ - Posera Ltd. (TSX : PAY) ("Posera" or the "Company"), a leading provider of software solutions for the hospitality industry, is pleased to announce that its Chairman and CEO, Mr. Loudon Owen has recently purchased a total of 784,747 Common Shares of the Company at the current closing market price of $0.185. The purchases were all executed through a private corporation controlled by Mr. Owen. Specific details are disclosed in Mr. Owen's filings made on SEDI on October 24^th, 2016.

About POSERA

Posera has been a leading provider of hospitality technology for more than 30 years. It manages merchant transactions with consumers and facilitates all aspects of the payment transaction.

Posera's full service solutions include SecureTablePay, which is an EMV compliant Pay-At-The-Table ("PATT") application. Posera's MaitreD'^TM and FingerPrints^TM restaurant management systems offer a robust and comprehensive solution including hardware integration services, merchant staff training, system installation services, post-sale software and hardware customer support. Posera's solutions are deployed globally including across the full spectrum of restaurants, from large chains and independent table service restaurants to international quick service chains and its products have been translated into eight languages.

Posera Ltd.'s shares are traded on the Toronto Stock Exchange under the symbol "PAY".

More information about Posera can be found on the Company's website at www.posera.com or under the Company's profile on SEDAR at www.sedar.com.

SOURCE Posera Ltd.