KELOWNA, BC, June 12, 2012 - (TSX-V: QHR) QHR Technologies Inc. (“QHR” or the “Company”), a leader in the Canadian Healthcare Information Technology sector, is pleased to announce that it has granted an aggregate 1,500,000 stock options to various directors, management, employees and consultants of the Corporation. Each option is exercisable at $0.60 per common share and is exercisable at any time until June 11, 2017. The options generally vest over a two year period in equal installments each quarter.
On behalf of the Board of Directors
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 does not contain any “forward looking statements” within the meaning of applicable Canadian securities legislation. 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.comor 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.
Al Hildebrandt, President & CEO 250-979-1701
Jerry Diener, Chief Financial Officer 250-979-1722