Director Epp
March 6, 2002 (QHR – CDNX) Mr. Al Hildebrandt, President and CEO, of the Company is pleased to announce that the Honorable Arthur Jacob (Jake) Epp P.C. has consented to act as a director of the Company effective March 1, 2002.
Mr. Epp has had a long and distinguished political career spanning 21 years. Originally elected in 1972 as the Member of Parliament for Provencher, Manitoba he went on to serve as the Minister of Indian Affairs in 1979 and chaired the Committee on Federal-Provincial Relations in 1980. He was appointed the Minister of National Health and Welfare in 1984 and in 1989 he served as the Minister of Energy, Mines and Resources until his retirement from politics in 1993.
After leaving public service, he became President of TransCanada Pipelines International where he developed several successful investments in Latin America, Asia and Europe on their behalf. In 1998, he joined TransCanada Pipelines as the Senior Vice President responsible for Government Relations until his retirement in 2000.
Mr. Epp earned his Bachelor of Arts and Education Degree from the University of Manitoba and an Honorary Law Degree from Trinity Western University. He currently resides in Calgary, Alberta.
The core business of QHR is the provision of software technology to industries such as healthcare. Mr. Epp’s experience in government relations, political know-how and networking, corporate development and his quality reputation will be a significant asset and resource as QHR develops its business plans.
QHR Technologies Inc. is engaged in the business of developing and implementing Human Resource and Payroll software solutions and technology business acquisitions. QHR’s mission is to become a global leader in human resource software designed for complex payroll environments. QHR is developing software solutions designed to handle all elements of human resource management including human resources, payroll and employee relations.
The Company also announces that Mr. Epp has advanced $100,000 CDN by way of a convertible debenture that matures on March 31, 2004. The convertible debenture bears interest at a rate of 7% per annum. The lender may convert all or any portion of the principal sum into common shares of the Company as follows:
a) $.25 per share within 180 days of the date of issuance
b) $.75 per share from 181 – 365 days of the issuance
c) $1.00 per share in the second year of the debenture.
No finder’s fees apply to this transaction.
“The convertible debenture is subject to regulatory approval”.
On behalf of the Board of Directors
Al Hildebrandt President & Chief Executive Officer
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
