QHR ANNOUNCES $600,000 OF NEW CONTRACT BUSINESS
June 4, 2007 (QHR – TSX Venture Exchange) Mr. Al Hildebrandt, President and CEO of the Company, is pleased to report that the Company’s wholly owned subsidiary, QHR Software Inc. has recently contracted new business in excess of $600,000 from new and existing healthcare clients.
These new contracts combined with an approximately $2,600,000 backlog, annual recurring customer revenue from our EMR technologies, and annual services revenue from QHR Software Inc. currently have the Company on target to meet its budget expectations for 2007.
QHR has built good momentum with its technology products and has been running profitably since the third quarter of 2006 where, over the last three quarters, the Company has recorded earnings of $261,064 or $0.016 per share.
The backbone of the Company’s business model is annually recurring revenue from clients that provides a reliable source of capital each year for the operations of the Company. The combination of recurring revenue from HR software and Electronic Medical Records software now exceeds $2,850,000 annually. This is a strong financial foundation from which to build a growing and prospering organization.
For a more complete business and financial profile of the Company, management encourages interested parties to visit the Company’s website, www.QHRtechnologies.com.
Legal Notice Regarding Forward Looking Statements
This news release contains “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 are that the Company is on target to meet its annual budget expectations and that support revenue provides a reliable annual source of capital for the operations of the Company. There may be a need to raise additional new equity capital should business levels in 2007 not reach actual budgeted requirements. These statements are subject to risks that may cause the actual results to be materially different from those expressed or implied by such forward looking statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Further risk information on the Company is available at www.sedar.com.
On behalf of the Board of Directors
Al Hildebrandt
President & Chief Executive Officer




