KELOWNA, BC, June 5, 2012 /CNW/ - (TSX-V: QHR) QHR Technologies Inc. ("QHR" or the "Company") a leader in the Canadian
Healthcare Information Technology sector is pleased to announce the
results of the Annual General Meeting (AGM) held in Toronto on June 4,
Over 50% of the company's shareholders participated in person or by
proxy at QHR's first AGM held in Toronto, which is closer to our major
markets areas for client and shareholder base. Elected as directors
were five returning directors and one new director nominated at the
The company became aware of a strategic opportunity to attract a new
director with significant public market experience and technology
market leadership. Mr. Art Mesher, CEO and Chairman of Descartes
Systems Group Inc. (TSX:DSG) based in Waterloo, Ontario indicated his
willingness to stand for election at the QHR AGM. To provide a seat on
the six member QHR board, Mr. David Martin withdrew his name to stand
Mr. Mesher joined Descartes Systems in 1998 where he led the creation of
the first on-demand logistics network that provides application and
communication capabilities for all three major modes of transportation:
truck, air and ocean. In his role as EVP Strategic Development, Mr.
Mesher helped implement success-based pricing and logistics innovation
services, enabling the acceleration of value for Descartes customers.
In May 2004, Mr. Mesher was appointed to Descartes' Office of the CEO
and subsequently appointed CEO in November 2004.
In 2006, under Mr. Mesher's guidance, Descartes was awarded the
International Stevie Award for the "Best Business Turnaround" in The
International Business Awards awarded to companies that showed a
significant operational and financial improvement during 2006 over 2005
as well was recognized as The Best Canadian Company by Canadian
Dr. Ernest Wigmore, Chairman of QHR comments "it is with great
anticipation that we welcome Mr. Art Mesher to the QHR Board of
Directors. Speaking candidly at our Board of Directors meeting prior
to the AGM, Art spoke with passion of his industry and public market
experiences. His personal enthusiasm demonstrates to me and the entire
board that Mr. Meshers experience will be valuable and appreciated at
all levels of the company.
As Chairman and on behalf the QHR directors and staff who know Mr. David
Martin personally, I want to thank David for graciously stepping aside
allowing a seat on the board for someone like Mr. Mesher to join as an
elected director. Mr. Martin's contributions to QHR, originally as a
Kelowna based investor and then as a connection to the investment
market along with his assistance in the 2010 financings are deeply
The six member board of directors now consists of Dr. Ernest Wigmore as
Chairman, Jim Mutter, Gordon "Stonie" Glenn, Mark Kohler and Art Mesher
all as independent directors, and Al Hildebrandt, CEO.
On behalf of the Board of Directors
Chairman Dr. Ernest Wigmore
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 may contain "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. 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.
SOURCE QHR Technologies Inc.
For further information:
Al Hildebrandt, President & CEO 250-979-1701
Jerry Diener, Chief Financial Officer 250-979-1722