Director Convertible Debenture

September 6, 2002 (QHR – TSX) Mr. Al Hildebrandt, President and CEO of the Company, is pleased to announce that an independent director of QHR has converted his $100,000 Convertible Debenture into common shares.

As part of the original private placement with the company in March 2002, the Convertible Debenture will be converted into 400,000 common shares. The conversion reduces the debt and interest expenses of QHR and improves the financial health of the Company. This transaction increases the total number of issued common shares to 13,350,759.

The business of QHR has grown steadily into a profitable business over the past year. Few junior technology companies are achieving this type of commercial success. This transaction reflects the growing confidence in the business of QHR and the prospects of its future business plans.
QHR Technologies Inc. is engaged in the business of developing and implementing Human Resource, Payroll and Workforce Planning software solutions. 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.

On behalf of the Board of Directors
Al Hildebrandt President & Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.