QHR Technologies Inc.

QHR Technologies Inc.

March 06, 2009 08:00 ET

QHR Announces Major Contract in Ontario

KELOWNA, BRITISH COLUMBIA--(Marketwire - March 6, 2009) - Al Hildebrandt, President and CEO of QHR Technologies Inc. ("QHR" or the "Company") (TSX VENTURE:QHR) announced today a major contract for software and services in the Ontario market. QHR, through its HR Division, has secured a multi-year, multi-million dollar contract to provide payroll and human resource management software to the Community Support Services (CSS) and Community Mental Health & Additions (CMH&A) sectors in Ontario comprising approximately 2,600 organizations throughout the province.

QHR, through its recently completed acquisition of Momentum Healthware Inc.'s financial software division (see Jan 19, 2009 announcement), already provides the CSS and CMH&A with financial management software. This new contract establishes QHR as one of the leading software providers to the healthcare sector in Ontario, Canada's largest market, and positions the Company for further growth.

In order to manage this growth the Company is adding personnel in Ontario and intends to open an office in the Toronto area. Further information on QHR products and services can be found at www.QHRsoftware.com.

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 "this new contract positions the Company for further growth" and the Company is adding personnel in Ontario and intends to open an office in the Toronto area".

Factors which may prevent these statements from coming to fruition include that this contract may not lead to as much business as expected, that we are unable to leverage this opportunity into additional business, and we may determine not to open an office in Toronto for economic reasons. The forward looking statements are based on assumptions that QHR will be able to finance and carry out its business plans. It is not our policy to update current forward looking statements in future.

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.

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