QHR EMS DIVISION SECURES $1,100,000 IN NEW CONTRACTS
KELOWNA, BC, March 29 /CNW/ (TSXV: 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 licensing and services contracts valued at over $1,100,000 with new and existing clients which is in addition to the $1,000,000 in new contracts as announced on March 3, 2011.
These contracts are for new and/or expanded licensing of the EMS division products and the related implementation services for clients installing Quadrant Workforce and Financial solutions. The EMS division's specialized installation and training services are utilized when clients expand their user base or additional healthcare sites are added.
"We are excited about the expansion of 2011 business opportunities for the EMS division which in addition to our recurring revenue provides the basis for a great year:" said Al Hildebrandt, President and CEO.
The majority of the new $1,100,000 in licensing and related services contracts is expected to be delivered during first half of 2011.
About QHR Technologies Inc.
QHR operates two business units in distinct markets:
The Electronic Medical Records ("EMR") division offers a suite of medical software modules that provides computer-based medical records for family physicians, medical specialists, and surgeons, as well as administrative modules for billing and patient scheduling, that is a key component of the move throughout Canada to provide electronic healthcare records for all Canadians. The EMR division also provides on-site and off-site (ASP) hosting capabilities.
The Enterprise Management Software ("EMS") division specializes in workforce management software, which consists of integrated payroll, staff scheduling and human resource software, and in customized financial management software built on the Microsoft Dynamics GP platform. These products are targeted at complex healthcare, social services and public safety environments.
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 we have secured $1,100,000 in new EMS contracts and that the majority of the new $1,100,000 in licensing and related services contracts is expected to be delivered during the first half of 2011. 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.
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