QHR ANNOUNCES $1.5 MILLION IN NEW SERVICES CONTRACTS
Kelowna, BC, May 3, 2010 – Mr. Al Hildebrandt, President and CEO of QHR Technologies Inc. (“QHR” or the “Company”) (TSX-Venture: QHR) is pleased to announce that the Company recently signed new contracts valued in excess of $1.5 million from new and existing clients.
These contracts are for implementation services from the Enterprise Management Software (“EMS”) division using Quadrant Financial and Workforce solutions. The EMS division’s specialized installation and training services are utilized when clients expand their user base or additional healthcare sites are added.
The majority of this $1.5 million services contracts is to be delivered during ‘Q2 and ‘Q3 of 2010. With the growing demand for our software in 2009, the EMS division has already expanded its scope to deliver these services.
Long term relationships with clients have helped build the Company’s annual recurring revenue business model to $11.5 million.
On behalf of the Board of Directors
Al Hildebrandt, President and CEO
Legal Notice Regarding Forward Looking Statements
This news release may contain “forward looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward looking statements in this press release include; that we expect, the majority of this $1,500,000 services contract to be delivered during ‘Q2 and ‘Q3 of 2010. Results from operations in any given period are not necessarily indicative of results to be expected in future periods. QHR is a technology business enterprise where investment; various trends and factors in the marketplace; and product enhancements must be carefully managed to achieve long-term revenue growth and profitability. These statements are subject to risks that may cause the actual results to be materially different in future periods 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.
For further information, please contact:
Al Hildebrandt at (250) 979-1701 Investor Relations – Tangent Mgmt. 1-866-345-0115
ahildebrandt@QHRtechnologies.com info@tangentmanagementcorp.com




