KELOWNA, BC, November 2, 2011 – (TSX-V: QHR) QHR Technologies Inc. (“QHR” or the “Company”) a leader in the Canadian Healthcare Information Technology sector, reports that its Enterprise Management Software (“EMS”) division QHR Software Inc., has recently signed new services contracts valued at over $1,700,000 with new and existing clients.
These implementation service contracts are for clients installing Quadrant Workforce and Financial solutions. The EMS division’s specialized installation and training services are utilized when clients expand their licensed user base, or additional healthcare sites are added.
The majority of the $1,700,000 in services contracts is expected to be delivered during Q4, 2011 & Q1, 2012.
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About QHR Technologies Inc.
QHR Technologies is a leading provider of information technology solutions that serves the Canadian healthcare market and public safety sector through three divisions:
The Enterprise Management Software (“EMS”) division provides complex healthcare and social services environments with workforce management solutions including integrated payroll, staff scheduling and human resource applications as well as customized financial management software built on the Microsoft Dynamics GP platform.
The Electronic Medical Records (“EMR”) division develops software modules for over 9,000 Canadian family physicians, medical specialists, and surgeons that enable these practitioners to participate in the Canada-wide move to implement electronic medical records management along with computer-based billing and patient scheduling.
The Hosting division specializes in providing EMR ASP hosting solutions, both on-site and off-site, including custom application hosted solutions, exchange email hosting, office software packages, mobile messaging services, server archiving and many other custom solutions and services. These solutions are targeted at EMR clients looking for an enhanced ASP option required by some provincial governments.
Legal Notice Regarding Forward Looking Statements
This news release contains “forward looking statements” within the meaning of applicable Canadian securities legislation. These statements are 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. Forward looking statements in this press release include that “the majority of the $1,700,000 in services contracts is expected to be delivered during Q4, 2011 & Q1 2012”. Risks that may prevent or delay the forward looking statements from coming to fruition include that we may not offer products that are acceptable to industry regulators or customers; competitors may offer better or cheaper products; we may not be able to raise sufficient capital to improve products to remain competitive; changing regulatory requirements may prevent our products from being sold as expected; we may not be able to attract or retain key personnel; our technology may become obsolete; orders could be cancelled or delayed and market factors may increase our costs more than expected. 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:
Al Hildebrandt, 250-979-1701
President & CEO
John Gillberry, 250-979-1722
EVP & CFO