VANCOUVER, Sept. 6, 2018 /CNW/ - HealthSpace Data Systems Ltd. (the "Company" or "HealthSpace") (CSE:HS) (Frankfurt:38H) (OTC:HDSLF) is pleased to announce the appointment of Silas Garrison as Chief Executive Officer of the Company.
Mr. Garrison is a seasoned business leader and tech entrepreneur and has served as the Company's Chief Technology Officer over the past three years. During that time, Mr. Garrison oversaw the development and deployment of HealthSpace's premier product line HealthSpace CS Pro. This product line has constituted a significant amount of revenue and momentum growth for the company. Prior to joining HealthSpace in a full-time capacity, Mr. Garrison designed and built the Company's industry-first iPad and Android environmental health inspection apps. Mr. Garrison has a vast amount experience in various business verticals having consulted and worked with a variety of enterprise organizations, ranging from Fortune 500 banks to sports and media conglomerates. Mr. Garrison brings a wide-ranging set of skills and achievements to the new role.
The Company's Chairman, Ali Hakimzadeh, stated "I have had the pleasure of serving alongside Mr. Garrison on the Board of Directors. Silas has brought about much of the Company's strategic vision and has contributed greatly to the strategy and long term direction of the Company's growth."
Mr. Garrison commented, "I am very honored to take on this new role within such a great organization. Our team is comprised of some of the industry's best. Our current momentum with product development and sales growth only continues to build. Looking forward, I am excited about what is next for HealthSpace. It will be my primary focus to build aggressively upon the current momentum and to set a cohesive strategy for our team that is focused on revenue growth."
The Company also announced that it has granted stock options and restricted stock units to directors, officers and employees of the Company. The stock options granted allow the optionees the ability to purchase a total of 970,000 common shares of the company at an exercise price of $0.08 cents per share for a five-year term. The restricted stock units granted allow the recipients the ability to purchase a total of 2,100,000 common shares of the Company for a five-year term.
The Company also announces a shares for debt settlement of $100,000 in debt to one creditor for services provided to the Company through the issuance of 1,000,000 shares at a price of $0.10.
HealthSpace Data Systems Ltd.
HealthSpace is an industry leading technology company currently providing inspection, information, communication and data management systems for federal, state, county and municipal governments. Over the last decade, HealthSpace has successfully developed both enterprise and mobile internet-based applications currently serving over 300 state and local government organizations across North America. HealthSpace currently offers the only integrated inspection, administration and analytics product suite across all platforms in North America. Further, HealthSpace now delivers its government grade technologies to private businesses enabling them to gain visibility and predictability into their own organizations and move from a reactive to a proactive operational status. HealthSpace continues to deliver focused service and innovative solutions to government organizations, while expanding into commercial enterprise verticals to enable new customers with proactive environmental health best practices and policies.
This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although HealthSpace believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. HealthSpace expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.