Healthscreen Solutions Inc.
TSX VENTURE : MDU

June 17, 2010 08:00 ET

Healthscreen's CEO Recognized for Entrepreneurship

Justin Belobaba Receives "Young Entrepreneur Award" at PROFIT 100 CEO Summit

TORONTO, ONTARIO--(Marketwire - June 17, 2010) - Healthscreen Solutions Inc. (TSX VENTURE:MDU), Canada's premier provider of physician practice enhancement services and electronic medical record (EMR) software, is pleased to announce that its President & CEO, Justin Belobaba, received the Young Entrepreneur Award at PROFIT Magazine's annual PROFIT 100 CEO Summit.

The PROFIT 100 ranks Canada's Fastest-Growing Companies by five-year revenue growth. Published in the June issue of PROFIT and online at PROFIT100.com, the PROFIT 100 is Canada's largest annual celebration of entrepreneurial achievement. In addition to Healthscreen placing fourth on the PROFIT 100, at age twenty-nine, Healthscreen's Belobaba was the youngest leader of any of the companies to qualify for the list.

"Canada's Fastest-Growing Companies are the poster children for entrepreneurship, innovation and pure tenacity," says Ian Portsmouth, editor of PROFIT. "Nobody personifies those ideals more than Justin Belobaba, and hopefully young entrepreneurs across Canada will be inspired by his example to enter the entrepreneurial arena at an early age, when creativity and energy are at their peak."

In accepting the award, Mr. Belobaba remarked, "To receive PROFIT's Young Entrepreneur Award is a tremendous honour for me, but it is really a testament to the incredible team we have at Healthscreen. I am so grateful to all of our wonderful employees - especially to my colleagues on the management team, whose breadth and depth of experience has been the catalyst which has allowed my passion and entrepreneurial spirit to take flight as we continue to build the business that we are all so proud of at Healthscreen."

Mr. Belobaba went on to say, "Providing real value to physicians, improving healthcare delivery, and helping people live longer, healthier lives is what we are privileged to channel our passions into everyday. We would welcome the opportunity to share this rewarding journey with others as we continue to build our organization."

About PROFIT Magazine:

PROFIT: Your Guide to Business Success is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 28 years, Canadian entrepreneurs and senior manag­ers across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generat­ing positive economic and social change. Visit PROFIT online at www.profitmagazine.ca.

About Healthscreen Solutions:

Healthscreen Solutions (www.healthscreen.com) provides a comprehensive suite of practice enhancing products and services to increase physician productivity and revenue while reducing costs and improving patient care. The Company's portfolio includes billing and scheduling software, electronic medical records software, CallerMD which assists physicians in managing a range of uninsured medical services, PrevCareMD which helps physicians earn supplemental income by achieving government-set preventive care targets, and HealthAlert which allows physicians to help their patients in managing complex healthcare issues. Healthscreen's services and software are used by over 5,000 full-time physicians who are responsible for the health care of more than five million Canadians.

(C) 2010 Healthscreen Solutions Inc. All Rights Reserved.

Disclaimer: Forward Looking Statements

This press release contains information that is forward looking information with respect to Healthscreen within the meaning of Section 138.4(9) of the Ontario Securities Act and other applicable securities laws. In some cases, forward-looking information can be identified by the use of terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or the negative of theses terms or other similar expressions concerning matters that are not historical facts. In particular, statements about future revenues or profitability, including the estimated timing of profitability, and any other statements regarding Healthscreen's future expectations, beliefs, goals or prospects are or involve forward-looking information.

Forward-looking information is based on certain factors and assumptions. While the company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking information, by its nature necessarily involves risks and uncertainties, including risks and uncertainties relating to government regulation and funding in the healthcare industry, financial and capital market risks, technology development and adoption, Healthscreen's ability to maintain its competitive position and effectively implement it's acquisition strategy, liability for software malfunction, management of growth, and length of sales cycles. Additional risks and uncertainties affecting Healthscreen can be found in Healthscreen's 2009 Annual Report and Management's Discussion and Analysis for the Fiscal Year ended September 30, 2009 filed on SEDAR at www.sedar.com. If any of these risks or uncertainties were to materialize or if the factors and assumptions underlying the forward-looking information were to prove incorrect, actual results could vary materially from those that are expressed or implied by the forward-looking information contained herein. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. Trading in the securities of Healthscreen should be considered highly speculative.

The TSX Venture Exchange has in no way approved nor disapproved the contents of this news release.

Contact Information

  • Healthscreen Solutions Inc.
    Justin Belobaba
    President and CEO
    1-866-534-DOCS ext. 7015
    ir@healthscreen.com