QHR Technologies Inc.
TSX VENTURE : QHR

QHR Technologies Inc.

June 22, 2009 14:07 ET

QHR Announces Launch of Cloudwerx Data Solutions Inc.

KELOWNA, BRITISH COLUMBIA--(Marketwire - June 22, 2009) - Al Hildebrandt, President and CEO of QHR Technologies Inc. ("QHR" or the "Company") (TSX VENTURE:QHR) announced that it is entering into a joint venture with SEBO Systems Inc. ("SEBO") a private Calgary based company, to create a new company dedicated to providing data hosting, data storage services and solutions to the healthcare and other social services sectors.

The new company, Cloudwerx Data Solutions Inc. ("Cloudwerx") will be owned 51% by QHR and 49% by SEBO and will be headquartered in Calgary, Alberta.

QHR currently provides data hosting and data storage services through its subsidiary Clinicvault Inc. ("Clinicvault") and SEBO has a division providing similar services. Clinicvault and SEBO have signed management agreements with Cloudwerx and, effective July 1, 2009, Cloudwerx will begin and operate both Clinicvault and SEBO businesses.

Sean Renwick has been appointed President, Bob Kitella, CTO and Sandra Rosano, GM Operations of Cloudwerx. Cloudwerx will have an immediate team of 10 staff and management to start operations, servicing more than 600 users on its current hosting facilities with four different EMR vendor offerings. Cloudwerx will be moving to a new administrative office in N.E. Calgary shortly.

In addition to SEBO's current data centre facilities in Calgary, Cloudwerx will be expanding it's hosting capacity by adding a state of the art data centre facility on Kelowna, BC, one of the fastest growing data centre markets in Canada. Depending on which site is the primary location for clients with province specific requirements, the 2nd facility will provide a complete operational backup to the other facility and comply with various provincial EMR requirements.

Over the next 90 days Cloudwerx will complete various business agreements with Clinicvault and SEBO whereby the clients, personnel and equipment of those companies will be acquired and incorporated into Cloudwerx.

In announcing the partnership with SEBO, Mr. Hildebrandt said, "Combining the data hosting and data storage capabilities of Clinicvault and SEBO positions Cloudwerx to become a leader in this rapidly growing market. The two companies can achieve much more together than would be possible on their own.

Sean Renwick said, "The collective efforts of QHR and SEBO bring tremendous strengths to this new venture and along with our combined data centres in Calgary and Kelowna, we will be able to offer an enhanced level of service, innovative IT business solutions and a strengthened level of support to our customers"

On behalf of the Board of Directors

Al Hildebrandt, President and CEO

Legal Notice Regarding Forward Looking Statements

This news release may contain "forward looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements included in this news release include that, "Cloudwerx will be adding to it's hosting capacity by adding a state of the art data centre facility on Kelowna, BC, one of the fastest growing data centre markets in Canada", and that "Cloudwerx will be moving to a new administrative office in N.E. Calgary shortly", and that, "Over the next 90 days Cloudwerx will complete various business agreements with Clinicvault and SEBO whereby the clients, personnel and equipment of those companies will be acquired and incorporated into Cloudwerx".

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 statements. Factors which may delay or prevent such statements from coming to fruition include our inability to integrate the new technology, competitors having better or cheaper solutions, customer acceptance of our integrated offerings, and our having sufficient capital to carry out our business plans. It is not our policy to update current forward looking statements in future.

For a more complete business and financial profile of the Company, management encourages interested parties to visit the Company's website, www.QHRtechnologies.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Further risk information on the Company is available at www.sedar.com.

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