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, 2012.
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 meeting.
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 for re-election.
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 Business Magazine.
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 appreciated."
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.
For further information:
Al Hildebrandt, President & CEO 250-979-1701
Jerry Diener, Chief Financial Officer 250-979-1722