QHR Technologies Inc.

QHR Technologies Inc.

November 26, 2007 08:00 ET

QHR Completes Private Placement of $1,050,000

KELOWNA, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2007) - QHR Technologies Inc. (TSX VENTURE:QHR) -


Mr. Al Hildebrandt, President and CEO of the Company, announced that the Company has completed the brokered private placement of 3,500,000 units at $0.30 per unit as previously announced on August 31, 2007 and November 16, 2007. The Company engaged Global Maxfin Capital Inc. ("Global") as its Agent in connection with a brokered private placement of 3,500,000 units of the Company at a price of $0.30 per unit for total gross proceeds of $1,050,000.

Each unit will consist of one common share of the Company and one-half warrant entitling the holder to acquire one additional common share for a period of nine months at the exercise price of $0.40 per share.

The Company will pay Global on closing a cash commission of 6.5% of the gross proceeds of the offering. In addition, the Company will issue to Global warrants equal to 8% of the number of units sold having the same terms as the warrants included in the units. Upon closing the Company agrees to pay legal and administration expenses which will be deducted at the closing.

TSX approval for the private placement was received on Nov 23, 2007. 1,400,000 of the offering was taken up by insiders, directors and officers of the company.

The proceeds of the financing will be used for general working capital purposes, the commercialization of new software products and the development of our EMR business initiatives.

For a more complete business and financial profile of the Company, management encourages interested parties to visit the Company's website, www.QHRtechnologies.com.

On behalf of the Board of Directors

Al Hildebrandt, President & Chief Executive Officer

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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