SOURCE: HemCare Health Services Inc.

August 03, 2017 12:19 ET

HemCare Health Services Retires additional 118 million Shares through Share Buy Back

LAS VEGAS, NV--(Marketwired - Aug 3, 2017) - HemCare Health Services Inc. (OTC PINK: HCRE) is pleased to announce the buy back of 118,087,000 of its common shares as part of an ongoing buy back and retirement effort.

The purchase and retirement follows a cancellation of over 71 million shares cancelled earlier in the year. These combined retirements will reduce the issued & outstanding share counts from approximately 274 million to 96,225,211.

The aggregate purchase price was USD $120,100 settled with long term 3% notes.

Management continues to seek further share retirements in effort to position the company for a potential up-listing. 

About HemCare Health Services Inc.

HemCare Health Services ("HHS") is a Health Information Exchange company. HHS operates a single unified platform providing the ability to request and retrieve medical information & records while meeting all of today's Security & Compliance demands for HIPAA, PIPEDA and PHIPA. Through RecordsBank.org, the Company offers an easy to use online portal to its centralized System for Patients, Lawyers & Insurers to Retrieve and Access Medical Records. The company also offers a discount for savings of up to 87% on pharmacy drugs and services throughout the USA. To get your free card now click here.

Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publically update or revise any forward-looking statement. 

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