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
appointment of Mr. Jerry Diener as Chief Financial Officer of QHR as
announced at the company's AGM in Toronto.
Mr. Diener was formerly the CFO and VP Finance for QHR from November
2004 to July 2006 and knows the QHR business and finance operations and
internal systems well. He will be responsible for all financial matters
of the Company and its subsidiary operations as well as Investor
Mr. Diener has had over 25 years of diverse executive management
experience during his career in all disciplines of corporate accounting
and finance. He has had significant experience both nationally and
internationally in all aspects of administration, regulatory
compliance, financing, public company reporting and corporate growth
through mergers and acquisitions. He was educated at Warner Pacific
College in Portland, Oregon from which he received a Degree in Business
Administration with a Major in Accounting.
During the past 25 years, Mr. Diener has been a key member of several
executive management teams during his career that have built smaller
companies into large national and international enterprises. In his
position just prior to joining QHR in 2004, he was the Vice President
Finance and Chief Financial Officer, of a company that grew from $5
million in annual revenue to in excess of $150 million in annual sales
during the first 18 months of his tenure through a significant
international acquisition creating a large multi-national environment
where he was responsible for bringing a number of international
accounting systems together in a consolidated and efficient manner to
achieve timely reporting for both Canadian and US public company
After leaving QHR in 2006 Mr. Diener worked as General Manager and CFO
for a USA based private investment company that made a $900 million
investment in the power generation industry with power plants in Canada
and the USA.
Mr. Diener is highly skilled with the management of company affairs in
both the national and international marketplace. His business
experiences uniquely qualify him to be a key member of the Company's
executive management team where it is anticipated that he will make
significant contributions to the successful growth of the Company's
business plans on a national and international basis.
Mr. Hildebrandt, CEO & President, comments "We believe that the growth
of QHR's operations across Canada and our goals to continue our growth
going forward dictate the need to further consolidate and focus our
finance team operations in the Kelowna head offices. Mr. Diener will
bring his many years of experience to QHR to provide greater focus on
the accounting and finance portion of the business to assist the
operational management team in meeting their goals.
"Related to this change, Mr. John Gillberry who is based in Ontario and
was the Chief Financial Officer and Executive Vice President Finance,
will vacate the CFO position but continue as a strategic advisor for
the Company and continue to work on business development initiatives
for the company.
"Personally, I want to thank Mr. Gillberry for his efforts as CFO for
QHR as a lot has been accomplished during this past year including the
Healthscreen acquisition. I am pleased that the company can benefit
from John's skills and market knowledge for growing the QHR business
closer to his home base in Ontario."
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
Jerry Diener, Chief Financial Officer