H-Source Holdings Ltd.
TSX VENTURE : HSI
OTCQB : HSCHF

H-Source Holdings Ltd.

October 26, 2017 13:00 ET

H-Source Expands Team With Seasoned Supply Management Leader

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 26, 2017) - H-Source Holdings Ltd. (TSX VENTURE:HSI)(OTCQB:HSCHF) (the "Company" or "H-Source") announces that supply chain leader Victor Garcia has joined the sales and consulting team as the Director of Account Management. Mr. Garcia comes to H-Source from Baylor University Medical Center in Dallas, Texas where for the past four years he has been the perioperative hospital supply chain manager. Mr. Garcia has extensive knowledge of hospital supply chain management, including the oversight of over $8 million of inventory for 51 operating suites and 13 service lines. Additionally, he is experienced in multiple hospital supply chain systems such as Lawson, OptiFlex and Meditech as well as multiple EHR's.

Murray Walden, President and Director of H-Source states, "We are excited to have Mr. Garcia join us. His experience will increase our rapidly growing member base by leveraging our unique solution to reduce waste while increasing inventory efficiency."

During Mr. Garcia's time at Baylor University Medical Center, he reduced on hand inventory by $3 million, managed GPO (Group Purchasing Organizations) and IDN (Integrated Delivery Networks) contract use percentages, oversaw consignment inventory and managed a supply chain team while facilitating education of staff on regulatory standards, cost control and implants.

Mr. Garcia is also a former United States Army veteran with tours in Iraq, Kuwait and Germany.

John Kupice, Chief Executive Officer and Director of H-Source states, "Mr. Garcia's industry knowledge will help member utilization of the H-Source Platform, increasing cost recovery and savings opportunities."

About H-Source Holdings Inc.

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 excess inventory supplies and capital equipment with each other. Member hospitals can conduct secure transactions within Integrated Delivery Networks, the complete H-Source network or customize their own group hospitals using H-Source's built-in filters. This 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

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.

Forward-looking statements

Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "plans", "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond H-Source's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Contact Information