Lightspeed Golf Operators in North America Outperform Industry in 2020

In contrast, in accordance to the Nationwide Golfing Foundation (NGF), market normal for rounds performed elevated by 8.7% (12 months-over-12 months, in the identical time interval). The details underscores the strategic purpose played by cloud-dependent technology in the operations of the golf industry’s optimum-executing businesses in get to capitalize on sizeable new fascination in the activity, driven in part by COVID-19 measures.

“The ease and capability to seamlessly transition our business to a digital, contactless product when driving online reservations from 20% to 90% in a week reveals how indispensable Lightspeed has grow to be as a software for sustaining SMBs in 2020,” mentioned Del Ratcliffe, owner of five North Carolina-based mostly golf study course administration firms and a Lightspeed purchaser. “It also showcases the sturdy potential customers for golf’s continued advancement in 2021 as training course proprietors stay agile and competitive in the evolving field.”

Lightspeed now powers much more than 1000 golf classes worldwide. Subsequent a year of signing landmark offers with prestigious courses these as Landscape Golf Administration, this new set of facts indicates how Lightspeed is positively impacting sales for independent businesses precisely within just the golfing and sports activities enterprise sector, supporting business enterprise entrepreneurs generate harmless, one of a kind and adjustable buyer encounters that generate manufacturer loyalty with remedies.

About Lightspeed
Lightspeed (NYSE and TSX: LSPD) powers intricate small and medium-sized corporations with its cloud-based mostly, omnichannel commerce platforms in in excess of 100 nations. With good, scalable and trusted place of sale systems, Lightspeed gives all-in-one answers that travel innovation and electronic transformation inside the retail, hospitality and golf industries. Its product suite permits SMBs to offer throughout channels, control functions, have interaction with buyers, acknowledge payments and finally develop their company.

Headquartered in Montreal, Canada, Lightspeed is reliable by favourite local enterprises globally, where communities go to shop, dine and enjoy. Lightspeed has staff members situated in Canada, Usa, Europe, and Australia.

For more information and facts, be sure to take a look at: www.lightspeedhq.com.

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Ahead-Looking Statements

This information release may possibly involve ahead-hunting info and forward-wanting statements in the meaning of relevant securities guidelines (“ahead-hunting statements”). Ahead-hunting statements are statements that are predictive in character, count on or refer to upcoming situations or disorders and are determined by phrases this kind of as “will”, “expects”, “anticipates”, “intends”, “designs”, “believes”, “estimates” or comparable expressions about matters that are not historic facts. This kind of statements are centered on recent anticipations of the Firm’s administration and inherently involve numerous challenges and uncertainties, acknowledged and unfamiliar, which includes financial components. A number of hazards, uncertainties and other components may perhaps result in genuine effects to vary materially from the forward-looking statements contained in this news release, together with, between other factors, all those possibility elements discovered in our most latest Management’s Dialogue and Analysis of Money Ailment and Effects of Operations, less than “Possibility Variables” in our most latest Yearly Information and facts Type, and in our other filings with the Canadian Securities regulatory authorities and the U.S. Securities and Exchange Committee, all of which are out there less than our profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Audience are cautioned to take into consideration these and other components meticulously when building decisions with respect to Lightspeed’s subordinate voting shares and not to position undue reliance on forward-wanting statements. Forward-searching statements contained in this information release are not ensures of foreseeable future performance and, even though forward-seeking statements are based on selected assumptions that the Enterprise considers fair, real situations and outcomes could differ materially from those expressed or implied by ahead-wanting statements built by the Corporation. Except as may be expressly necessary by relevant law, Lightspeed does not undertake any obligation to update publicly or revise any these types of ahead-wanting statements, regardless of whether as a result of new information, potential functions or usually.

Resource Lightspeed POS Inc.

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