VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 6, 2017) - H-Source Holdings Ltd. (TSX VENTURE:HSI)(OTCQB:HSCHF) (the "Company" or "H-Source") is pleased to announce that it has entered into a joint marketing agreement with Chicago based "BidMed", a leader in healthcare asset disposition. The agreement is expected to build on both companies innovative solutions for reducing healthcare costs while supporting sustainability.
"We are excited to work together and jointly go to market with BidMed. The combination of our complimentary technologies and resources enhance both companies' service offerings for new and existing customers. We are confident that our healthcare customers will realize increased supply chain efficiency, cost recovery, and sustainability," said John Kupice, CEO and director of H-Source.
About BidMed, Inc.
BidMed LLC (http://www.bidmed.com) is a leader in the healthcare asset disposition industry, specializing in the buying and selling of pre-owned medical equipment. Powered by innovative technology and proprietary data, BidMed's services include medical asset valuations, inventory reconciliations, and liquidations. In addition, BidMed utilizes a custom, web-based inventory system, auction platform, and supporting mobile App enabling clients to accurately inventory, reconcile, and sell assets with ease and efficiency. BidMed is headquartered in Chicago, IL and has worked with diverse base of clients, including hospitals, surgery centers, transition/equipment planning companies, financial lending institutions, and equipment manufacturers.
"H-Source and BidMed share a passion for developing innovative technologies and building a marketplace within the healthcare industry. Our platforms streamline inefficiencies, reduce costs, and increase investment returns, so we are beyond thrilled to be working together and bringing a more comprehensive service offering to our customers," said Patrick Kelly, CEO and director of BidMed.
About H-Source Holdings Ltd.
H-Source Holdings Ltd. is a technology company operating within the healthcare industry through its wholly owned subsidiary, H-Source, Inc. The Company has developed a transaction platform that provides a private, secure and trusted marketplace for member hospitals to buy, sell and transfer devices, pharmaceuticals, capital equipment and supplies with each other. Member hospitals can conduct secure transactions within Integrated Delivery Networks, complete H-Source network or customize their own group hospitals using H-Source's built-in filters. This marketplace network is specifically designed to reduce health care costs and medical product waste. For more information, please visit http://h-source.com/.
On behalf of the board of directors of H-Source Holdings Ltd.
John Kupice, CEO & Director
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This news release contains forward-looking statements relating to the completion of the listing of the Company's shares on the TSXV and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of the TSXV and other risks detailed from time to time in the filings made by the Company with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.