UPDATE -- Lightspeed Congratulates Customers Featured on SCOREGolf’s List of Top 59 Canadian Public Golf Courses

MONTREAL, Aug. 01, 2023 (GLOBE NEWSWIRE) -- (NYSE | TSX: LSPD) is proud to partner with 19 renowned public golf facilities which have been named to SCOREGolf’s 2023 list of the Top 59 Canadian Public Courses. Powering the world’s best businesses, Lightspeed is the unified POS and payments platform for ambitious entrepreneurs who wish to accelerate growth, provide the best customer experiences and become a go-to destination in their space.

Lightspeed courses feature prominently on the list, with 19 of the 59 leveraging the technology platform and 6 inside the top 20. Lightspeed’s customer success is particularly evident in Ontario, with Lightspeed software used at 8 of the 17 Ontario-based golf facilities on this year’s list.

Notable Lightspeed customers named to the list include: Tobiano, the Thomas McBroom masterpiece in Kamloops, BC that was recently listed in Golf Digest's ; The Algonquin, a stunning layout set along the shores of New Brunswick’s Passamaquoddy Bay that was reworked in the 1920s by legendary architect Donald Ross and recently revitalized by noted Canadian designer Rod Whitman; and all three courses at TPC Toronto at Osprey Valley (Hoot, North and Heathlands), Canada’s only TPC Network facility, which offers an unparalleled variety of golf amid the rolling hills of Caledon, Ontario.

“To see TPC Toronto at Osprey Valley recognized as one of the top places to play golf in Canada and have all three courses ranked inside the Top 25 is a thrill for our entire team,” says Brian Decker, Director of Marketing and Communications, TPC Toronto. “It’s our mission to deliver memorable golf experiences with exceptional service and a modern approach, and we look forward to working with partners like Lightspeed to continue this mission into our exciting future ahead.”

“I’m thrilled about the number of Lightspeed customers named to SCOREGolf’s Top 59 Canadian Public Courses this year,” said David Hope, GM, Lightspeed Golf. “Supporting public, accessible golf is very important to us. This list shows that many of the best public facilities in Canada are using Lightspeed every day to help simplify their operations and deliver incredible customer experiences. I couldn’t be happier for our customers who have made this list and I look forward to seeing more and more on the list in the future.”

Golf’s surge in popularity seen during the pandemic is still holding strong. In June, . Demand remains high and continues to trend . Pair this with the fact that , and it’s clear that access to public golf in North America is more important than ever. Public facilities that deliver rich, fulfilling golf experiences are well-positioned to succeed.

Lightspeed’s platform is the perfect choice for facilities looking to reach more golfers, drive revenue and deliver a great customer experience. Although many courses expected a contraction in the industry in 2022, Lightspeed customers future-proofed their businesses and experienced a sustained interest in the game with rounds played, GTV and transaction sizes up year-over-year between 2021 and 2022:

• Rounds played increased +9.5% YoY in North America (11.4% in the US, 7.5% in CA)
• Food and beverage sales rose +30% YOY and were a dominant contributor to this increase
• Average transaction size grew +4% YOY from $53 to $55
  
  

Top 59 Canadian Public Courses

The full list of Lightspeed customers named to this year’s list of top public golf facilities includes:

To dive into Lightspeed Golf’s transformative features and witness its powerful capabilities, visit .

About Lightspeed

Powering the businesses that are the backbone of the global economy, Lightspeed's one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional customer experiences. Our cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions and connection to supplier networks.

Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange (NYSE: LSPD) and Toronto Stock Exchange (TSX: LSPD). With teams across North America, Europe and Asia Pacific, the company serves retail, hospitality and golf businesses in over 100 countries.

For more information, see .

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Forward-Looking Statements

This news release may include forward-looking information and forward-looking statements within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions and are identified by words such as "will", "expects", "anticipates", "intends", "plans", "believes", "estimates" or similar expressions concerning matters that are not historical facts. Such statements are based on current expectations of Lightspeed's management and inherently involve numerous risks and uncertainties, known and unknown, including economic factors. A number of risks, uncertainties and other factors may cause actual results to differ materially from the forward-looking statements contained in this news release, including, among other factors, those risk factors identified in our most recent Management's Discussion and Analysis of Financial Condition and Results of Operations, under "Risk Factors" in our most recent Annual Information Form, and in our other filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, all of which are available under our profiles on SEDAR at and on EDGAR at . Readers are cautioned to consider these and other factors carefully when making decisions with respect to Lightspeed's subordinate voting shares and not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that Lightspeed considers reasonable, actual events and results could differ materially from those expressed or implied by forward-looking statements made by Lightspeed. Except as may be expressly required by applicable law, Lightspeed does not undertake any obligation to update publicly or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

Media Contacts

Canada:

Victoria Baker, NKPR -

USA:

Jennifer Fugel, Newsmaker Group -

Lightspeed Media Relations -

Investor Relations:

Gus Papageorgiou, Lightspeed Investor Relations -

A photo accompanying this announcement is available at