QHR Technologies Inc.

QHR Technologies Inc.

October 05, 2010 06:56 ET

Gordon Glenn Joins QHR Board of Directors

KELOWNA, BRITISH COLUMBIA--(Marketwire - Oct. 5, 2010) - QHR Technologies Inc. (TSX VENTURE:QHR) announces Mr. Gordon Glenn as having accepted the Board of Directors' invitation, and consents to become a director of QHR effective October 5, 2010 filling a vacancy on the board. 

Mr. Glenn has 35 years of corporate management experience in healthcare, government information technology and transaction processing industries, including 20 year at the senior executive level. Mr. Glenn's specific areas of expertise include strategic planning, organizational development, mergers, acquisitions and recapitalization as well as investor/analyst relations in both USA and Canada.

Mr. Glenn was President and Chief Executive Officer of SXC Health Solutions, Inc. ("SXC") from 1998 to 2006 and then Chairman until his retirement in 2009. During this time, SXC's market capitalization increased from $8M to over $600 million. Prior to SXC and from 1988 to 1996 Mr. Glenn was the President & CEO of Computer Data Systems ("CDSI") a $250 million revenue, Maryland, USA based information technologies firm. 

QHR's Chairman Dr. Ernest Wigmore says "Mr. Glenn's experience in high growth IT and healthcare companies, his understanding of both the TSX and Nasdaq public markets and the broader investment community brings additional credibility to QHR and will fill a role on the Board of Directors that will be valuable to QHR and its shareholders". 

The Company also announces that Mr. Charles LaFleche, a director since November 2006 has vacated his Board of Directors position to make way for the incoming independent director Mr. Glenn. Five of the six current QHR directors are independent.

Dr. Ernest Wigmore comments "As Chairman of the Board of Directors, I personally would like to thank Charles LaFleche for his 4 year contribution to the company as a director, and pleased that he will continue his management role with the company as interim CFO".

On behalf of the Company

Dr. Ernest Wigmore, Chairman of the Board

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 and social services environments.

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. Results from operations in any given period are not necessarily indicative of results to be expected in future periods. QHR is a technology business development enterprise where investment; various trends and factors in the marketplace; and product enhancements must be carefully managed to achieve long-term revenue growth and profitability. 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. It is our policy not to update forward looking statements. 

Further risk information on the Company is available at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information