KELOWNA, BC, April 1, 2015 – (TSX-V: QHR) QHR Corporation (“QHR” or the “Company”) announced today that it has executed an agreement with Mark Kohler formalizing the terms of his appointment as Executive Chairman on August 20, 2014. The Company has agreed to amend the terms of the stock options previously granted to Mr. Kohler in connection with his appointment as Executive Chairman of QHR. As a result, 250,000 of the 500,000 options granted to Mr. Kohler in August of 2014 have been cancelled and the Company expects such options to be granted to certain employees to award them for performance. In addition, the Company has accelerated the vesting of the remaining 250,000 options, which previously vested in tranches over a three year term, so that all remaining options which had not yet vested, are vested effective April 1, 2015.
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About QHR Technologies
QHR has an unrelenting focus on introducing technology to improve the quality of human health. With a 10+ year track record offering what is now the single leading Electronic Medical Records platform in Canada, QHR has a suite of technologies that work together to enable secure medical records management for clinical environments, to empower health providers with tools for virtual care including secure video consultation and messaging, and to facilitate billing, health insurance eligibility and adjudication, including the secure transfer of data related to claims. Health providers around the world use these technologies to drive innovation within their practice and improve the quality of care delivered to patient populations.
Legal Notice Regarding Forward-Looking Statements
This news release contains “forward-looking statements”. Forward-looking statements are projections of financial performance or future events. Forward-looking statements can be identified by the use of words such as “expect”, “anticipate”, “intend”, “plan”, “believe”, “estimate” and words of similar meaning. Forward-looking statements are based on management’s current expectations and assumptions and they are subject to risks that may cause actual results to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include those concerning the Company’s expectation regarding the grant of options to certain employees for performance. This statement is subject to risks that may cause the actual results to be materially different in future periods from those expressed or implied by such forward-looking statement. Risks that may prevent or delay the forward-looking statement from coming to fruition as anticipated include, among other things, the Company’s financial performance, the departure of certain employees, as well as regulatory, governance or capital market factors which may affect the granting of such options. QHR is a technology business development enterprise where investment and product enhancements must be carefully managed to achieve long-term revenue growth and profitability. It is our policy not to update forward-looking statements except to the extent required under applicable securities laws. Further information on the Company is available at www.sedar.com or at the Company’s website, www.QHRtechnologies.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Jerry Diener, VP Finance & CFO