AGM Director Update
June 11, 2004 (QHR – TSX Venture Exchange) Mr. Al Hildebrandt, President and CEO of the Company, announces that the Company has made a change in its Board of Directors at its Annual General Meeting (“AGM”) held on June 10, 2004 in Vancouver BC, for the year ended December 31, 2003. Forty nine shareholders represented in person or by proxy voted 60% of the Company’s issued common stock at this year’s AGM. The directors re-elected at the meeting were Hon. Jake Epp, Frank Estergaard, Dr. Don Rix, Dr. Tom Kinahan and Al Hildebrandt.
Mr. Mel Kotler was nominated and elected as a new independent director. He is an experienced entrepreneurial businessman who, up to his retirement, served as the President of Fabricland Pacific Ltd., a company that in partnership with its Mid-West division owned and operated over 60 companies and franchise stores throughout WesternCanada. HeisrenownedintheOkanaganregionofBritishColumbiaasadynamiccontributortocommunity life and has been the recipient of numerous awards for his contributions including the recently announced Kelowna’s ManoftheYearaward. HehasservedastheChairmanoftheBoardofPacificSafetyProductsLtd.,aninternationally recognized designer and manufacturer of safety products, and Chairman of the 2003 Kelowna United Way Campaign.
Mr. Kotler replaces Mr. Tom O’Flaherty who announced the withdrawal of his nomination for re-election as a director at the AGM. The Board of Directors on behalf of the shareholders and employees of the Company wish to thank Mr. O’Flaherty for his many contributions to the well being, governance and successful growth of QHR during his term as a director.
In review, QHR enjoyed the best performance year in its history in 2003 with revenues rising to $3,751,711 up from $2,565,417 in 2002. Earnings from operations reached $427,107 or $.03 per share for the year compared to $279,634 or $.02 per share for 2002. Most importantly, QHR exceeded its performance objectives of 30% annual growth in revenue, profit and corporate value in 2003. The Company generated a 46% gain in revenues, a 54% increase in earnings and a 150% increase in the corporate value of the Company during 2003.
Management wishes to thank its shareholders, employees, customers and community for their patience, perseverance and continued support of QHR. All interested parties are encouraged to visit the Company’s web site, www.QHRtechnologies.com, for a more complete profile of the Company.
On behalf of the Board of Directors
Al Hildebrandt President and Chief Executive Officer
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.




