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News Releases

QHR TECHNOLOGIES NAMED ON THE 2010 TSX VENTURE 50

Monday, February 8th, 2010

Kelowna, BC, February 8, 2010 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) ") is pleased to announce that it has been recognized by the TSX Venture Exchange on the 2010 TSX Venture 50. The Venture 50 are considered strong performers on the TSX Venture Exchange and rising stars of Canada's public markets based on 2009 performance.

"The recognition from TSX Venture Exchange solidifies the positive growth and hard work that QHR has experienced in the last year," said Al Hildebrandt President and CEO of QHR. "2009 was an exciting year for QHR and the recognition of being named on the 2010 TSX Venture 50 is a great way to set the stage for continued growth in 2010."

"The 2010 TSX Venture 50 companies have an impressive track record," said John McCoach, President, TSX Venture Exchange. "We are pleased to offer a unique market that facilitates and encourages emerging companies to meet their goals."

The 2010 TSX Venture 50 is comprised of 10 companies from each of five industry sectors. QHR is one of 10 Technology/Life Sciences companies identified. The 50 companies were selected based on a variety of conditions and equally weighted criteria: return on investment, trading activity, analyst coverage and market capitalization growth.

About QHR Technologies Inc.
QHR operates two business units in two distinct markets:

The Enterprise Management Software ("EMS") division (formerly the HR division), specializes in workforce management software and consists of integrated payroll, staff scheduling and human resource software; and in customized financial management software built on the Microsoft Dynamics GP (formerly Great Plains) platform. These products are targeted at complex healthcare and social services environments.

The Electronic Medical Records ("EMR") division offers a suite of medical software modules that provides computer-based medical records for physicians, medical specialists and surgeons, as well as an electronic patient record that is a key component of the move throughout Canada to provide electronic health records for all Canadians. The EMR division provides on-site and off-site hosting capabilities.

View full News Release here

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QHR COMPLETES $750,000 PRIVATE PLACEMENT

Thursday, December 3rd, 2009

Kelowna, BC, December 3, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) is pleased to announce that it has completed a $750,000 non-brokered private placement on December 1, 2009 with Pender Growth Fund (VCC) Inc. ("Pender").

"Securing this financing, along with the revenue growth we have experienced in the healthcare and medical markets during 2009, further demonstrates the opportunity that exists for both our Enterprise Management Software ("EMS") division and our Electronic Medical Records ("EMR") division," stated Al Hildebrandt, President and CEO of QHR. "With this financing, QHR is better positioned for the next stage of growth."

"The ongoing adoption of QHR's software solutions by healthcare clients has been impressive," said David Barr, President and CEO of Pender. "We are optimistic about the promising strategic opportunities for the Company in the future and look forward to working with management to realize its potential."

On December 1, 2009, the Company issued 1,250,000 units of the Company at a price of $0.60 per unit. Each unit consists of one common share and one-half of one share purchase warrant. One whole warrant will entitle the holder to purchase one additional common share of the Company exercisable at a price of $0.75 until November 30, 2011. All the securities issued in connection with this private placement are subject to a four-month hold period expiring March 31, 2010.

The Company proposes to use the proceeds of the private financing for general working capital purposes.

View full News Release here

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QHR ANNOUNCES $1,500,000 IN NEW CONTRACT BUSINESS

Thursday, November 26th, 2009

Kelowna, BC, November 26, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) is pleased to announce that the Company's Enterprise Management Software ("EMS") division has generated in excess of $1,500,000 in new business from existing and new healthcare clients. The majority of these new revenues will be recognized in fourth quarter of 2009.

"This positive growth continues to be encouraging," said Al Hildebrandt, President and CEO of QHR. "Our financial performance shows that our suite of workforce and financial software solutions from our EMS division provides comprehensive solutions that meet the needs of complex healthcare and social services environments. The cross selling opportunities between the financial and workforce software clients are growing as planned."

The Company's business model is built on annual recurring revenues based on long-term relationships with clients. With these latest contract signings, the Company's annual recurring revenues now exceed $7,250,000.

In addition, and as announced on November 9, 2009, QHR is underway with the acquisition of Clinicare Corporation for $5,000,000. Due diligence and business discussions with the corporation and its many shareholders are progressing as expected. An update on the progress of the acquisition will be announced on or about November 30, 2009, which is the expected closing date.

View full News Release here

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QHR ANNOUNCES THIRD QUARTER RESULTS

Thursday, November 19, 2009

Kelowna, BC, November 19, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) today announced its third quarter results for the three months ended September 30, 2009.

"In the third quarter of 2009 the Company achieved revenue of $3,298,492 and earnings of $235,605." stated President and CEO Al Hildebrandt. "This positive result was primarily due to the continued success of the EMS division in increasing workforce and financial software sales and services as well as the continued growth in the revenues of the EMR division."

Mr. Hildebrandt added, "We are pleased that the Company has achieved positive results in a traditionally challenging quarter, and although quarterly results may vary due to the nature and length of the sales and implementation cycles for our products, at the end of our third quarter we have almost achieved our total fiscal 2009 consolidated revenue goal of $10,000,000."

HIGHLIGHTS

Three Month Period Ended September 30, 2009
- Revenue for the quarter ended September 30, 2009 was $3,298,492, as compared to $1,293,256 for the corresponding quarter last year, an increase of 155%.
- Earnings before amortization and interest were $552,812 compared to a loss of $150,268 last year.
- Net earnings for the quarter were $235,605 compared to a loss of $215,043 last year.

Six-Month Period Ended September 30, 2009
- Revenue for the nine months ended September 30, 2009 was $9,980,328, as compared to $4,480,366 for the corresponding period last year, an increase of 123%.
- Earnings before amortization and interest were $2,200,368 compared to $109,490 last year.
- Net earnings for the period were $1,202,068 compared to a loss of $77,023 last year.

OPERATING RESULTS

Revenue of the Enterprise Management Software ("EMS") division was $2,390,619 for the quarter, as compared to $748,358, an increase of 219% over the same quarter last year. The increase in revenues was due to continued growth in the sales and services of Workforce Management Software and the additional revenues obtained from sales and services of Financial Management Software.

Revenue of the EMR division increased by 67% and was $907,873 for the quarter compared to $544,898 in 2008. The increase in revenues was largely the result of additional revenues from hosting services and continued organic growth.

EARNINGS FOR THE QUARTER
Net earnings for the quarter ended September 30, 2009 were $235,605, or $0.01 per share, compared to a loss of $215,043 or $(0.01) per share for the same period in the previous year. Net earnings for the nine month period ended September 30, 2009 were $1,202,068, or $0.05 per share, compared to a loss of $77,023, or $0.00 for the same period in the previous year.

View the Q3 Financial Statements here

View the Q3 MD&A here

View full News Release here

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QHR TO ACQUIRE CLINICARE CORPORATION

Monday, November 9th, 2009

Kelowna, BC, November 9, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) today announced that the Company has signed a Letter of Intent ("LOI") to acquire up to 100% of the shares in Clinicare Corporation ("Clinicare"), a privately held Calgary based Electronic Medical Records ("EMR") company. The purchase is subject to TSX Venture Exchange approval, Clinicare shareholder acceptance and to normal closing conditions, which is expected to be completed by the end of November, 2009.

Clinicare's Board of Directors have unanimously recommended QHR's offer to acquire their shares of the company and acceptance by the Clinicare shareholders. QHR and Clinicare have entered into an Exclusivity & Standstill Agreement that is effective immediately and until completion of shareholder purchase agreements.

Once completed, QHR will merge the Clinicare operations with its EMR division, Optimed Software Corporation ("Optimed"), and intends to retain Clinicare's Calgary and Toronto offices. Optimed will then be supporting over 3,000 physicians across Canada in almost every province for its products, with over 2,000 physicians utilizing EMR. QHR believes more Canadian physicians will be using Optimed's EMR than any other EMR solution and these physician clients have the most extensive EMR database of patient information in Canada.

This acquisition once completed is expected to generate approximately $3.25M in recurring revenue in 2010, for a combined EMR division to over $6M in recurring revenue, and QHR's consolidated recurring revenue in excess of $10M for 2010.

Clinicare Corporation, founded in 1984, has approximately 1,200 physicians on their EMR and Practice Management software in Canada and the USA. Clinicare is well known in Canadian Healthcare circles as the EMR industry leader for the larger Canadian clinics. Many of Clinicare's physician clients were the early adopters of EMR systems and the drivers behind the adoption of EMR across Canada.

Clinicare is one of four certified EMR vendors in Manitoba (along with Optimed) and one of six full certification OntarioMD CMS version 3.0 vendors. Physicians who implement CMS 3.0 systems are eligible for part of the $236M in physician funding program recently announced by OntarioMD.

In announcing the acquisition, Mr. Hildebrandt said, "Clinicare and Optimed have been competing for the past 6 years in the EMR market. Both companies have invested significant amounts in development to gain market acceptance and provincial certification. Now those duplicate development dollars can be turned into enhancing our marketing efforts across the country and increasing levels of customer support. The level of functionality that a Clinicare client would use in their EMR system and guidance from many of Canada's EMR pioneers will be an asset to Optimed's growing community".

Internally, Optimed's General Manager, Fred Chapman, already has a strong relationship with most of the Clinicare customers from his former roles with Clinicare from 1989 until 2005, most recently as COO and VP Sales.

Mr. Karim Kanji, President & CFO for Clinicare states "Clinicare's shareholders and Board of Directors wanted to ensure that the ongoing operations of Clinicare was placed in the hands of people who understood the EMR business, were able to immediately deliver more current technology and would ensure that our clients' extensive amount of patient data would be completely transferred when the clients choose to upgrade to Optimed's product in the next 3-5 years. QHR's overall business operation goes beyond EMR which allows Clinicare to join a larger organization, thereby protecting our customers' investments and providing opportunities for our employees to continue servicing the customers they have built relationships with."

QHR is acquiring Clinicare for $5,000,000, with an adjustment for net working capital. Initial payment to shareholders is scheduled for December 31, 2009 with final payments by January 31, 2010. Clinicare shareholders may also benefit by way of various earn out performance payments from closing until September 30, 2010. Once the shareholder amounts have been finalized, qualifying shareholders have the option to convert their shares into cash or QHR shares at $0.65.

To partially fund this acquisition and ongoing business expansion, QHR has secured an initial $1,000,000 from the Southern Interior Development Initiative Trust (SIDIT) thru a 4 year, debt agreement at 14% interest. The mission of SIDIT is to support regionally strategic investments in economic development projects that will have long-lasting and measurable regional benefits for the Southern Interior of BC.

Additional funding to complete the acquisition is expected to come from on-going company operations and additional equity investments expected to be completed before year end.

View full News Release here

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Ms. VICTORIA WITHERS JOINS QHR BOARD OF DIRECTORS

Thursday, October 15th, 2009

Kelowna, BC, October 15, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) announces Ms. Victoria Withers as having accepted the Board of Directors' invitation, and consents to become a director of QHR effective October 14, 2009, filling a vacancy on the board.

Ms. Withers' career spanned thirty years with IBM in a wide range of senior executive management roles in Canada and the United States, with responsibilities in sales, government relations, communications, finance, human resources and general management. All roles involved aspects of consulting, coordinating people and projects, implementing new technologies, presenting to all levels of management and working as a team player. These assignments included working with a broad spectrum of government, utilities and commercial customers across Canada and internationally.

Ms. Withers has served on the boards of the Telus World of Science and the Vancouver Board of Trade and served as a cabinet member of the United Way. She is currently a Director of the Canadian Internet Registration Authority and a member of the Institute of Corporate Directors. Ms. Withers resides in Vancouver.

In announcing the appointment QHR's Chairman Mr. Doug Blakeway states that "Ms. Withers' experience in the full spectrum of business development with IBM in sales, finance, human resources and government relations will fill a role on the Board of Directors that will be very valuable to QHR and its shareholders. In addition, her membership in the Institute of Corporate Directors will be a great addition to the board related to corporate governance".

Mr. Ian MacPherson has stepped down from his Directors position effecting his resignation as of October 14, 2009 due to his increasing volunteer activities with the Vancouver 2010 Olympics. QHR commends this corporate responsibility example of community volunteerism. The QHR board would like to thank Mr. MacPherson for his contribution to the company on various committees and as a director.

View full News Release here

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QHR'S OPTIMED SOFTWARE CHOSEN AS FIRST APPROVED VENDOR FOR SASKATCHEWAN EMR PROGRAM

Monday, August 24th, 2009

Kelowna, BC, August 24, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) Mtoday announced that its electronic medical records ("EMR") division, Optimed Software Corporation ("Optimed"), has successfully achieved "Approved Vendor" status in Saskatchewan effective September 1, 2009. As a result of this approval, physician clinics that choose the Accuro EMR software solution are eligible for provincial reimbursement through the Saskatchewan Medical Association ("SMA") and Ministry of Health EMR program.

Optimed is the first to reach the Approved Vendor status and have its Accuro EMR product become eligible for funding, after having been one of four EMR vendors to reach the Preferred Vendor stage in the SMA's request for proposal ("RFP") process to provide Saskatchewan physicians with a set of approved EMR products.

In announcing the selection of Optimed, Al Hildebrandt, President & CEO commented, "We are very pleased to be recognized by the Saskatchewan EMR program as a leading vendor of EMR software. Optimed, through its parent company QHR Technologies Inc., has strategically invested in the Saskatchewan marketplace since 2006. Between the physicians currently utilizing Accuro EMR and those on legacy systems we acquired, Optimed is already supporting over 50% of the 1,400 eligible physicians in Saskatchewan. We have worked closely with the SMA to develop a thorough understanding of the needs of their members and believe that our proven EMR System will be increasingly regarded as the solution of choice of physicians. We are excited to offer the SMA members our Accuro EMR software and look forward to working with them now and in the future."

Optimed supports over 1,700 physicians in Canada, across British Columbia, Alberta, Saskatchewan, Manitoba and Ontario.

View full News Release here

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QHR ANNOUNCES SECOND QUARTER RESULTS

Thursday, August 20, 2009

Kelowna, BC, August 20th, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) today announced its second quarter results for the three months ended June 30, 2009.

"In the second quarter of 2009 the Company achieved revenue of $3,235,233, which was the second highest level in the Company's history, and earnings of $212,614," said President and CEO Al Hildebrandt. "This encouraging result was primarily due to the success of the EMS division in increasing workforce and financial software sales but also due to the continued growth of the customer base of the EMR division as well."

Mr. Hildebrandt added, "The Company has entered the next stage in its development, and, although quarterly results may vary due to the nature and length of the sales and implementation cycles for our products, we expect to achieve our goal of $10,000,000 revenue for the year."

HIGHLIGHTS

Three Month Period Ended June 30, 2009
- Revenue for the quarter ended June 30, 2009 was $3,235,233, as compared to $1,515,677 for the corresponding quarter last year, an increase of 113%.
- Earnings before amortization and interest were $520,339 compared to $68,962 last year.
- Net earnings for the quarter were $212,614 compared to $11,032 last year.

Six-Month Period Ended June 30, 2009
- Revenue for the six months ended June 30, 2009 was $6,681,836, as compared to $3,187,110 for the corresponding period last year, an increase of 110%.
- Earnings before amortization and interest were $1,647,556 compared to $255,205 last year.
- Net earnings for the year were $966,463 compared to $138,020 last year.

OPERATING RESULTS

Revenue of the Enterprise Management Software ("EMS") division was $2,386,244 for the period, as compared to $1,007,134, an increase of 137% over the same quarter last year. The increase in revenues was due to continued growth in the sales of Workforce Management Software and the additional revenues obtained from sales of Financial Management Software, which provided revenue in the amount of $610,000 in the second quarter.

Revenue of the EMR division increased by 67% and was $848,989 for the quarter compared to $508,543 in 2008. The increase in revenues was largely the result of the acquisition of Clinicvault on September 1, 2008 and continued organic growth.

EARNINGS FOR THE QUARTER
Net earnings for the second quarter ended June 30, 2009 were $212,614, or $0.01 per share, compared to $11,032, or $0.00 per share for the same period in previous year. Net earnings for the six-month period ended June 30, 2009 were $966,463, or $0.04 per share, compared to $138,020, or $0.01 for the same period in the previous year.

View full News Release here

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QHR ANNOUNCES $1 MILLION IN NEW CONTRACT BUSINESS

Wednesday, August 5th, 2009

Kelowna, BC, August 5, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) Mr. Al Hildebrandt, President and CEO of the Company, is pleased to announce that the Company's Enterprise Management Software ("EMS") division has generated in excess of $1,000,000 in new business from previously existing and new healthcare clients.

"This continued growth is encouraging at this time," said Al Hildebrandt, President and CEO of QHR. "Our performance shows that our suite of workforce and financial software solutions from our EMS division continues to provide comprehensive solutions that meet the needs of complex healthcare and social services environments. In addition, we are pleased to see that the cross selling opportunities between the financial management clients and workforce clients are starting to occur as planned."

The Company's business model is built on annual recurring revenues based on long-term relationships with clients. With these latest contract signings, the Company's annual recurring revenues now exceed $6,250,000.

View full News Release here

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QHR ANNOUNCES LAUNCH OF CLOUDWERX DATA SOLUTIONS INC.

Monday, June 22nd, 2009

Kelowna, BC, June 22, 2009 – Al Hildebrandt, President and CEO of QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) announced that it is entering into a joint venture with SEBO Systems Inc. ("SEBO") a private Calgary based company, to create a new company dedicated to providing data hosting, data storage services and solutions to the healthcare and other social services sectors.

The new company, Cloudwerx Data Solutions Inc. ("Cloudwerx") will be owned 51% by QHR and 49% by SEBO and will be headquartered in Calgary, Alberta.

QHR currently provides data hosting and data storage services through its subsidiary Clinicvault Inc. ("Clinicvault") and SEBO has a division providing similar services. Clinicvault and SEBO have signed management agreements with Cloudwerx and, effective July 1, 2009, Cloudwerx will begin and operate both Clinicvault and SEBO businesses.

View full News Release here

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QHR ANNOUNCES $1,000,000 PRIVATE PLACEMENT

Wednesday, June 10th, 2009

Kelowna, BC, June 10th, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) Mr. Al Hildebrandt, President and CEO of the Company, announced that the company has arranged a non-brokered private placement to raise up to $1,000,000. The private placement consists of up to 2,000,000 units at a price of $0.50 per unit. Each unit consists of one common share and one non-transferable share purchase warrant. One warrant will entitle the holder to purchase one additional common share of the Company exercisable at a price of $0.60 within one year of closing or $0.70 within two years of closing.

The Company proposes to use the proceeds from the private financing, for general working capital purposes and to reduce some of its long-term debt related to the recent acquisition of the Momentum Financials Division as announced on January 19, 2009.

The Company has entered a new phase of growth in 2009 and believes that this investment will provide a stronger sustainable business for customers and stakeholders.

View full News Release here

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QHR'S EMR DIVISION FIRST APPROVED EMR VENDOR IN MANITOBA

Tuesay, June 2nd, 2009

Kelowna, BC, June 2nd, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) Mr. Al Hildebrandt, President and CEO of the Company, is pleased to announce that its electronic medical records (EMR) division, Optimed has been announced by Manitoba eHealth as the first vendor to achieve ‘Approved EMR Vendor' status. This means that Optimed's Accuro™ EMR is the first solution to complete the provincial conformance testing to verify that it meets all core requirements of Manitoba, including contractual arrangements of the RFQ process, to provide Manitoba primary care providers and community physicians with a set of Approved EMRs.

Three other ‘Candidate Approved EMR Vendor's are still engaged in the EMR qualification process.

The RFQ process is intended to address the needs of all physicians (both family physicians and specialists) who provide care in the community. To the extent that it is in Manitoba's control, Manitoba will require that Regional Health Authorities (RHAs) select any new EMR systems for the use of RHA-operated and RHA-funded clinics from among the Approved EMRs.

In announcing the selection of QHR, Mr. Hildebrandt said "Optimed worked very hard to ensure that we enhanced our Accuro™ EMR solution to meet and exceed Manitoba's core requirements, and I am pleased to see our efforts rewarded. Since the February opening of our new QHR / Optimed offices in Winnipeg, Optimed has already sold and implemented 4 clinics in Manitoba. We look forward to supporting Manitoba eHealth in their continuing technology initiatives to improve patient care for Manitobans."

View full News Release here

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QHR ANNOUNCES RECORD FIRST QUARTER RESULTS

Wednesday, May 13, 2009

Kelowna, BC, May 13th, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) Mr. Al Hildebrandt, President and CEO of the Company, announced today the release of its interim financial statements for the three months ended March 31, 2009.

In announcing the results CEO Al Hildebrandt said, "In the first quarter of 2009 the Company achieved record earnings of $753,849 and record revenue of $3,446,603. The reason for such encouraging results was, primarily, the success of our EMS Software division that recently signed two large, three year provincial government contracts. These two contracts accounted for $1,273,000 of revenue for the quarter and it is expected that they will contribute to revenue and earnings growth over the next three years."

The Company has entered a new phase of growth. Although quarterly results may vary because of the long sales and implementation cycles of our products, we have had a good start to achieving our goal of $10,000,000 revenue for the year.

HIGHLIGHTS
- Revenue for the first quarter ended March 31, 2009 was $3,446,603, the largest in the Company's history and it compared to $1,671,433 for the corresponding quarter last year, an increase of 106%.
- Net earnings for the quarter were $753,849 compared to $126,988 for the same quarter last year.
- Earnings before amortization and interest were $1,127,217 compared to $186,243 last year.
- On January 19, 2009 the Company announced the acquisition of the Financial Software division ("Financials Division") of Momentum Healthware Inc.
- February 23, 2009 the Company signed two contracts with a provincial government resulting in $1,273,000 revenue in the first quarter.

OPERATING RESULTS
Revenue
Revenue of the Enterprise Management Software ("EMS") division was $2,721,730, an increase of 134% over the same quarter last year. The two provincial government contracts contributed $1,273,000 of this increased revenue, and the acquisition of the Financials Division contributed revenue of $375,000.

Revenue of the Electronic Medical Records ("EMR") division increased by 42% and was $724,873 for the quarter compared to $509,802 in 2008. The acquisition of Clinicvault Inc. in September 2008 was the major reason for the increase.

EARNINGS FOR THE QUARTER
Record net earnings of $753,849 were after charging amortization of $229,258 and interest of $145,980. Amortization was $229,258 for the first quarter, compared to $58,291 last year, reflecting the amortization of assets acquired with the Financials Division. Interest expense increased from $2,269 last year to $145,980 because of the increased borrowings to finance the acquisition of the Financials Division.

View full News Release here

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QHR's Subsidiary Optimed Partners With Calgary Scientific Inc.

Monday, May 11th, 2009

Kelowna, BC, May 11th, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) Mr. Al Hildebrandt, President and CEO of the Company, is pleased to announce that on May 7, 2009 its subsidiary Optimed Software Corporation ("Optimed") has signed a Joint Product and Marketing Partner Agreement (the "Agreement") with Calgary Scientific Inc.

Calgary Scientific specializes in advanced visualization software, marketed under the ResolutionMD™ brand. Calgary Scientific's products are accessible to a broad range of network and web-based users through standard web browser technology running on any browser compatible hardware or device, overcoming traditional technical barriers through advanced software virtualization platforms. Optimed has developed software that integrates with ResolutionMD™ to facilitate the distribution of medical x-ray and lab results to referring physicians' electronic inboxes, with integration from x-ray reports to PACS repositories, which are storage vaults of digital x-rays, to offer immediate desktop or iPhone viewing of PACS images via the Web. Optimed's software is marketed as Accuro™ EHR.

The Agreement calls for Optimed and Calgary Scientific to develop a long-term product development relationship and to market the integrated software to strategic accounts in North America.

In announcing the Agreement Mr. Hildebrandt said, "The integration of ResolutionMD™ and Accuro™ EHR has created a solution that can provide seamless delivery of diagnostic lab and x-ray reports to patients' family or specialist physicians over the Web. It has the potential to greatly reduce the time to distribute these results from laboratories and radiologists to referring physicians, and to make an important step forward in reducing patient wait times and realizing the goal of a portable Electronic Health Record for all Canadians."

Pierre Lemire, President of Calgary Scientific said, "Optimed's Accuro™ EHR software provides the link between Calgary Scientific's software and the referring physicians, and we look forward to developing this new market opportunity together with Optimed."

View full News Release here

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QHR Announces $1 Million in New Contract Business

Thursday, April 30th, 2009

Kelowna, BC, April 30th, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) Mr. Al Hildebrandt, President and CEO of the Company, is pleased to announce that the Company's Enterprise Management Software ("EMS") division has recently contracted new business in excess of $1,000,000 from new and existing healthcare clients.

The Company's business model is built on annual recurring revenues based on long-term relationships with clients. With these latest contract signings, the Company's annual recurring revenues now exceed $6,000,000.

View full News Release here

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QHR Completes Full Payment for Momentum Acquisition

Tuesday, April 21st, 2009

Kelowna, BC, April 21st, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) Mr. Al Hildebrandt, President and CEO of the Company, announced today that the Company has completed the payments required for the acquisition of the financial software division (the "Division") of Momentum Healthware, Inc. (see Company's press release dated January 19, 2009).

Consideration for the purchase was $5,000,000 less an adjustment for working capital of $413,091 for net consideration of $4,586,909, and payment in full was completed on April 8, 2009.

The transaction was partially financed by secured three year term loans totaling $1,145,000, of which $850,000 has been provided by certain directors and senior management and their immediate family, at an interest rate of 12%. In addition to interest, lenders received 200 common shares of QHR for each $1,000 of loan principal.

The Company has financed the balance from working capital and short-term loans of $950,000 from certain directors at an interest rate of 20%. As at April 17, 2009 the balance outstanding of these short-term loans was $200,000.

The Division is a market leader in providing customized financial software to medium and large healthcare facilities, the same market segment that QHR targets with its payroll, scheduling and human resource management software. The acquisition gives QHR the opportunity to become a market leader in providing a comprehensive enterprise management software solution to the healthcare/social services market.

View full News Release here

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QHR Announces Financial Results for 2008

Monday, April 20, 2009

QHR Technologies Inc. ("QHR" or the "Company") (TSXVenture:QHR) announced today the release of its annual audited financial statements for the year ended December 31, 2008. Revenues reached a record $6,521,364 and earnings increased to $253,627.

QHR operates two business units in two distinct markets.

The Enterprise Management Software ("EMS") division (formerly the HR division), specializes in workforce management software and consists of integrated payroll, staff scheduling and human resource software; and in customized financial management software built on the Microsoft Dynamics GP (formerly Great Plains) platform. These products are targeted at complex healthcare and social services environments.

The Electronic Medical Records ("EMR") division offers a suite of medical software modules that provides computer-based medical records for physicians, medical specialists and surgeons, as well as an electronic patient record that is a key component of the move throughout Canada to provide electronic health records for all Canadians.

HIGHLIGHTS
- Revenue for the year ended December 31, 2008 increased 11% to $6,521,364 compared to $5,893,684 for the previous year.
- Recurring revenue increased 26% to $4,800,000 at year end compared to $3,800,000 last year.
- EMR division revenue for 2008 increased 53% to $2,206,183 compared to $1,440,397 in 2007.
- Earnings for 2008 were $253,627 compared to $212,555
- Revenue of $2,042,098 for the fourth quarter 2008 was a new record for a quarter.
- The Company has been profitable in nine of the last ten quarters.
- Shareholders' equity at year-end was $1,839,305 compared to $1,451,856 for 2007.
- Acquisition of Clinicvault in September 2008 added $282,000 to revenue since acquisition and strengthened the Company's competitive position in the EMR market.
- Acquisition of the financial management software division of Momentum Healthware, Inc. in January 2009.
- Management expects 2009 revenues of QHR to exceed $10,000,000 based on these acquisitions and the growth of both of the Company's divisions.

OPERATING RESULTS
Revenue
Revenue increased by $627,680 in 2008 of which approximately $450,000 was attributable to the acquisition of Clinicvault in September 2008 and to the full year impact of the acquisition of National Medical Solutions Inc. in August 2007.

A key part of the Company's strategy is to build recurring revenues, and these had reached approximately $4,800,000 on an annualized basis at year-end, compared to $3,800,000 last year.

Operating Expenses
Service costs were $3,112,410 for 2008, an increase of 8% over last year. Service costs were reduced by investments tax credits recoverable of $247,000. Service costs before deducting the ITCs increased by $481,000 compared to last year. The increase was the result of the Clinicvault acquisition and additions to staff to support the growth of the Company. Gross margin for 2008 was 52% compared to 51% last year.

Selling and administrative expenses were $2,794,794 for 2008, an increase of 12% over last year. The acquisition of Clinicvault accounted for approximately 40% of the increase and the remainder was the result of the full year cost of salaries for employees hired during the previous year, an increase in investor relations activity and higher legal and audit costs associated with running a public company.

Net earnings
Net earnings for the year ended December 31, 2008 were $253,627 compared to $212,555 for 2007. Although revenue grew by $628,000 during 2008, expenses grew by slightly more before tax credits. Much of the increase in expenses was to position the Company for future growth and management expects that 2009 will see an increase in earnings based on acquisitions made and organic growth of the Company's two divisions.

OUTLOOK FOR 2009

On January 19, 2009 QHR announced the acquisition of the financial software division of Momentum Healthware, Inc. ("Momentum"), a privately held Manitoba based company. The acquisition was effective January 15, 2009 and the purchase completed on January 27, 2009. The acquired business was merged with the Company's HR division to form a new Enterprise Management Software ("EMS") division. Management considers that this acquisition gives QHR the opportunity to become a market leader in providing a comprehensive enterprise management software solution to the healthcare/social services market.

Management expects to achieve growth in revenues and earnings during 2009. Revenues are expected to exceed $10,000,000 based on the acquisitions reviewed above and on an acceleration of activity in both of the Company's divisions. The EMS division has a strengthening pipeline of opportunities and the EMR division is in the final stages of qualification as an approved vendor in both Saskatchewan and Manitoba. Successful qualification in those provinces should enable the EMR division to achieve revenue growth in the second half of 2009.

Growth of the Company's EMR division depends on the actions of provincial governments and their funding policies. Delays in implementing funding models in each province could restrict revenue growth. Also, sales in the EMS division are subject to the long procurement processes of public institutions and this could result in significant variations in quarterly revenues, depending on when new sales are closed. Provided QHR meets its targets for revenue growth, the profitability of the Company should continue to improve because it has the capacity to add new revenues at low marginal costs.

View full News Release here

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QHR Announces Major Contract in Ontario

Friday, March 6th, 2009

Kelowna, BC, March 6th, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) Mr. Al Hildebrandt, President and CEO of the Company, announced today a major contract for software and services in the Ontario market. QHR, through its HR Division, has secured a multi-year, multi-million dollar contract to provide payroll and human resource management software to the Community Support Services (CSS) and Community Mental Health & Addictions (CMH&A) sectors in Ontario comprising approximately 2,600 organizations throughout the province.

QHR, through its recently completed acquisition of Momentum Healthware Inc.'s financial software division (see Jan 19, 2009 announcement), already provides the CSS and CMH&A with financial management software. This new contract establishes QHR as one of the leading software providers to the healthcare sector in Ontario, Canada's largest market, and positions the Company for further growth.

In order to manage this growth the Company is adding personnel in Ontario and intends to open an office in the Toronto area. Further information on QHR products and services can be found at www.QHRsoftware.com

View full News Release here

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QHR Announces Completion of Momentum Acquisition

Wednesday, February 4th, 2009

Kelowna, BC, February 4nd, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) Mr. Al Hildebrandt, President and CEO of the Company, announced today that the Company has completed the acquisition of the financial software division of Momentum Healthware, Inc. (see Company's press release dated January 19, 2009), and has completed the initial funding round to finance the acquisition.

The merger of the financial software division with QHR's payroll, scheduling and human resource software division has created one of Canada's leading software providers to the healthcare market. The merger has been completed with retention of all staff of the financial division, and QHR has successfully established its new office in Manitoba.

It is expected that the acquisition will add approximately $3,500,000 to QHR's 2009 consolidated revenue and approximately $1,500,000 of annual recurring revenue.

In announcing the completion Mr. Hildebrandt said, "QHR and Momentum customers have reacted very positively to this merger and we already have indications of increased sales opportunities as a result of the merger."

View full News Release here

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QHR Announces Support Revenue of $4,000,000 for 2009

Monday, February 2nd, 2009

Kelowna, BC, February 2nd, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) Mr. Al Hildebrandt, President and CEO of the Company, announced today that the Company's HR/Payroll/Financial Software division has increased its contracted support and recurring revenue for calendar year 2009 to approximately $4,000,000, compared to $2,150,000 in 2008. Of this $1,850,000 increase, approximately $1,500,000 is the result of the recent acquisition of Momentum Healthware Inc.'s financial software division (see press release dated January 19, 2009), and the balance of $350,000 is the result of continuing growth of the Company's HR/Payroll business.

The following table shows the growth of annual recurring revenues over the past five years.

HR/Payroll/Financial Software Division - Annual support revenue:
2009-----------2008-----------2007----------2006----------2005
$4,000,000 -- 2,150,000 -- 2,050,000 -- 1,750,000 -- 1,400,000

QHR's business model is built on annual recurring revenue that assures the Company of a reliable source of cash flow to continue enhancing its products and services.

The Company's Electronic Medical Record ("EMR") software division currently contributes approximately $2,000,000 of annual recurring revenue bringing the Company's total for 2009 to $6,000,000.

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QHR'S Accuro™ EMR Selected as Preferred Product Solution for Saskatchewan EMR Program

Wednesday, January 28th, 2009

Kelowna, BC, January 28th, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) Mr. Al Hildebrandt, President and CEO of the Company, is pleased to announce that it's electronic medical records (EMR) division, Optimed, has successfully reached the ‘Preferred Product Solution' stage in the Saskatchewan Medical Association's (SMA) request for proposal (RFP) process to provide Saskatchewan physicians with a set of Approved EMR products.

Optimed's ‘Preferred Product Solution' is Accuro™ EMR. Four vendors, including Optimed, have been selected as Preferred Product Solutions through the EMR qualification process.

As one of the Preferred Product Solution vendors, Optimed will be required to enter into a Master Standing Agreement with the SMA and to modify its products to meet all of the SMA's core EMR requirements. Optimed will then need to pass a conformance testing process to verify that all core requirements have been met before becoming an Approved EMR Vendor and being eligible for the SMA's EMR Program.

The RFP process is intended to elect a limited number of pre-approved vendors to participate in the SMA EMR Program, with a choice of client-server or ASP platform architectures. The EMR Program will be made available to approximately 1,400 fee-for-service and contracted physicians within the province of Saskatchewan.

In announcing the selection of Optimed, Mr. Hildebrandt said "Over 50% of Saskatchewan's physicians already use an Optimed system for their EMR, scheduling or billing workflows. In 2006 we acquired the ‘MedSoft' customer base from Peardon Consulting and the ‘Medicentre' customer base from IQMedX (formerly Rave Software). Once we become an Approved EMR Vendor, we expect that many of our Medicentre and Medsoft customers will switch to our flagship Accuro™ EMR system in order to qualify for inclusion in the SMA EMR Program which provides reimbursements to physicians."

View full News Release here

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QHR To Acquire Financial Software Division of Momentum Healthware, Inc.

Monday, January 19th, 2009

Kelowna, BC, January 19th, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) Mr. Al Hildebrandt, President and CEO of the Company, announced today that the Company has signed an agreement to acquire the financial software division of Momentum Healthware, Inc. ("Momentum"), a privately held Winnipeg based company. The purchase is subject to TSX Venture Exchange approval and to normal closing conditions that are expected to be completed by the end of January, 2009.

Under the Agreement, QHR is acquiring all the business and operating assets of Momentum's financial software division (the "Financial Software Division"). The Financial Software Division is a market leader in providing customized financial software built on the Dynamics GP (formerly Great Plains) platform. It markets its software to medium to large healthcare facilities, the same market segment that QHR targets with its payroll, scheduling and human resource management software.

In announcing the purchase, Mr. Hildebrandt said, "Momentum and QHR have worked together as partners since the inception of our two companies, serving a common client base. The acquisition of the Financial Software Division gives QHR the opportunity to become the dominant player in providing a comprehensive enterprise management software solution to the healthcare market. I am delighted with the acquisition, particularly because Charles LaFlèche, the founder of Momentum, will be taking an executive management role with QHR".

As part of the agreement, Mr. LaFlèche will spend 60% of his time for the first year assisting QHR's management with the transition as well as various sales and marketing activities, in addition to continuing with his executive management role with Momentum.

Glenn Tinkler, President and CEO of Momentum said, "When we decided to focus our strategy on our clinical software division and to divest our Financial Software Division, it was important that we placed the business with the right partner. We have had a long relationship with QHR and we are delighted that they have agreed to the purchase. We know our clients will be well served and that we will continue to work with QHR on future initiatives in the healthcare market".

QHR is acquiring the Financial Software Division for $5,000,000. Payment terms call for a payment of $2,000,000 on closing with the balance of $3,000,000 due by March 31, 2009. To finance the initial payment, QHR has secured three year term loans from private investors. In addition to interest, investors receive at maturity, 200 common shares for each $1,000 of loan principal.

The Financial Software Division will be merged with QHR's HR Division under the leadership of its COO, Larry Smith, who recently joined QHR (see press release January 15, 2009). All of the staff at Momentum currently supporting the Financial Software Division will join QHR and remain in Winnipeg. As ongoing strategic partners Momentum and QHR will have offices adjacent to each other. There is expected to be a smooth transition because clients will have the same support and services relationships.

The merger of QHR's HR Division with the newly acquired Financial Software Division should open up large opportunities for new sales and the potential to cross sell to each division's client base. With this announcement QHR is announcing the opening of a Winnipeg office and a continued strong presence in Manitoba.

It is anticipated that the Financial Software Division will add approximately $3,500,000 to QHR's revenue for 2009. The Financial Software Division has an identical business model to QHR in that a large portion of revenue is of a recurring nature. The acquisition will immediately add approximately $1,500,000 of recurring revenue to QHR to bring its total consolidated recurring revenue to approximately $5,500,000.

View full News Release here

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Mr. Larry Smith Joins QHR'S HR Division as Chief Operating Officer

Thursday, January 15th, 2009

Kelowna, BC, January 15th, 2009 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) Mr. Al Hildebrandt, President and CEO of the Company, is pleased to announce that Mr. Larry Smith MBA has joined QHR's subsidiary company QHR Software Inc., as the Chief Operating Officer ("COO") effective January 7, 2008. In this role Mr. Smith, has full responsibility for the HR division that specializes in complex, integrated human resources management software targeted at medium to large healthcare and social services organizations.

QHR Software has positioned itself for significant growth in 2009 based on strong sales of its market-leading software. Mr. Smith will assist with realization of this growth. He brings significant experience to his new role and has held leadership roles in three similar organizations in our market sector. Mr. Smith has experience with staff scheduling, payroll and human resources, and financial applications through previous roles with software companies and has been involved in the healthcare IT market place and other market sectors for over 20 years.

Mr. Smith has a B.Sc. in Health Information Science, an MBA (from UBC) and is a Certified Management Consultant (CMC). He was the founding chair of Okanagan Science and Technology Council (OSTEC), a board member of the Central Okanagan Economic Development Council (EDC), was co-chair of the local ACETECH, and a past board member of the Science Council of B.C.

Mr. Smith will strengthen our executive management team and help ensure that the Company successfully executes its business plan that calls for rapid growth over the next year.

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QHR'S EMR Division, Optimed Software, Selected as a Candidate Approved Vendor For Electronic Medical Records (EMRs) in Manitoba

Wednesday, December 3rd, 2008

Kelowna, BC, December 3, 2008 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) is pleased to announce that its electronic medical records (EMR) division, Optimed, has successfully reached the ‘Candidate Approved Vendor' step in the Manitoba RFQ process to provide Manitoba primary care providers and community physicians with a set of Approved EMRs. Optimed's ‘Candidate Approved EMR' is Accurotm EMR version 4. Four vendors, including Optimed, have been selected as Candidate Approved Vendors through the EMR qualification process.

The Candidate Approved Vendors will now be required to enter into a Master Standing Agreement with Manitoba and to modify their products to meet all of Manitoba's core EMR requirements. Manitoba will then conduct a conformance testing process with each vendor to verify that all core requirements have been met; upon passing the vendor will become an Approved EMR Vendor.

For more information, visit the Manitoba eHealth web site, www.manitoba-ehealth.ca and go to the ‘News' tab.

The RFQ process is intended to address the needs of all physicians (both family physicians and specialists) who provide care in the community. To the extent that it is in Manitoba's control, Manitoba will require that Regional Health Authorities select any new EMR systems for the use of RHA-operated and RHA-funded clinics from among the Approved EMRs.

In announcing the selection of QHR, Mr. Hildebrandt said "QHR is well established in Manitoba and supplies HR, scheduling and payroll software to 100% of the rural Manitoba Regional Health Authorities and 10 healthcare facilities in the Winnipeg region. Manitoba is a new market for our EMR product and final approval through the RFQ process will open up new opportunities for us. We expect to announce the opening of a Winnipeg office in the near future."

View full News Release here

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QHR Announces Third Quarter Results

Friday, November 28th, 2008

Kelowna, BC, November 28th, 2008 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) announced today the release of its interim financial statements for the three months ended September 30, 2008. In announcing the results CEO Al Hildebrandt said, "Q3 saw delays in signing contracts that resulted in our first quarterly loss in nine quarters. However, as previously announced on October 2, 2008, we recently signed two contracts for $1,200,000 and the majority of the revenue from these contracts is expected to be recognized in the current fiscal year."

Highlights

Revenue for the third quarter ended September 30, 2008 was $1,293,256 compared to $1,509,816 for the corresponding quarter last year, a decrease of 14%.

Year-to-date revenue was $4,480,366 compared to $4,121,580 last year, an increase of 9%.

Year-to-date recurring revenue was 66% of total revenue compared to 52% last year.

EMR division revenue for the quarter increased 25% to $544,898 compared to $434,901 in 2007.

Net loss for the quarter was $215,043 compared to net earnings of $60,888 last year.

Year-to-date losses were $77,023 compared to earnings of $99,684 last year.

Cash on hand at September 30, 2008 was $1,059,864 compared to $493,405 at December 31, 2007.

Working capital before deferred revenue at September 30, 2008 was $1,394,832 compared to $1,073,336 at December 31, 2007.

Operating Results

Revenue of the HR division was $748,358 for the quarter, a decrease of 30% over the same quarter last year. The contract cycle for the HR division is lengthy because of the nature of its clients that, typically, are government funded organizations. It can take more than a year from first contact to the signing of a contract. The current quarter saw delays in signing new contracts accounting for the reduced revenue compared to last year. However, new contracts were signed early in the fourth quarter as noted above.

Revenue of the EMR division increased by 25% and was $544,898 for the quarter compared to $434,901 in 2007. The acquisition of National Medical Solutions Inc. ("National") in the third quarter of 2007 accounted for approximately 65% of the increase with the balance coming from organic growth.

Net loss for the Company for the third quarter was $215,043 compared to net earnings of $60,888 last year. The EMR division recorded net earnings before corporate expenses of $24,432 for the third quarter compared to a net loss of $97,142 last year. For the year-to-date, net loss of the Company was $77,023 compared to net earnings of $99,684 last year, with the EMR division contributing $125,640 before corporate expenses, compared to a loss of $328,010 last year reflecting the beneficial impact of the National acquisition. Corporate expenses are the costs of the parent company that includes the costs of running a public company as well as senior management salaries.

View full News Release here

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QHR to Acquire Clinicvault and its Enterprise Class Datacenter

Wednesday, September 17th, 2008

Kelowna, BC, September 17, 2008 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) announced today its agreement to acquire 100% of the shares of Clinicvault Inc. ("Clinicvault"), a privately held Calgary based company. The purchase is subject to TSX Venture Exchange approval.

Clinicvault provides data hosting services as an Application Service Provider ("ASP") to the growing Electronic Medical Records ("EMR") market. QHR participates in that market through its subsidiary, Optimed Software Corporation, whose EMR system is sold under the Accuro? brand. The acquisition of Clinicvault will enable QHR to seamlessly integrate ASP services into its EMR client service delivery model and will set the Company apart from its competitors. QHR will acquire all the operating assets of Clinicvault including its enterprise class data hosting centre. The management and staff of Clinicvault will continue to operate the company. Consideration for the purchase is 600,000 common shares of QHR, of which 175,000 shares will be released after one year, and the Company assumes $350,000 long-term debt of Clinicvault.

There is a strong trend in the EMR market to provide hosted services to physicians through the ASP delivery model. It reduces physicians' dependence on IT technical support and it improves security over sensitive patient data. Some Provincial governments are mandating hosted systems if physicians wish to receive government funding for their EMR systems.

In addition to the competitive advantage of providing fully integrated ASP services, the acquisition of Clinicvault will enable QHR to provide other value-added services to physicians such as business continuation services. The acquisition will also provide new opportunities to become a partner with other software providers in the healthcare sector that have systems complementary to QHR's EMR software, and can benefit from the ASP delivery model.

The purchase of Clinicvault will add approximately $600,000 in annual recurring revenue and will increase QHR's total annual recurring revenue to approximately $4,500,000.

View full News Release here

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QHR Applies to Extend Expiry Date of Warrants

Monday, August 11, 2008

Kelowna, BC, August 11, 2008 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) announced today that the Company has applied to the TSX Venture Exchange for approval to extend the expiry date to February 27, 2009 for 1,750,000 share purchase warrants at $0.40 due to expire on August 29, 2008. The original term for the warrant was 9 months. The warrants will retain the current exercise price of $0.40, and in all other respects the terms of the warrants will remain unchanged and in full force and effect..

QHR provides integrated human resource management, payroll and staff scheduling ("HR") software systems for the healthcare and social services sector, and electronic medical records ("EMR") applications for physicians' medical offices. For a more complete business and financial profile of the Company, management encourages interested parties to visit the Company's website, www.QHRtechnologies.com.

View full News Release here

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QHR Announces Second Quarter Results - Continued Growth and Profitability

Wednesday, August 6, 2008

Kelowna, BC, August 6, 2008 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) announced today the release of its interim financial statements for the three months ended June 30, 2008.

Highlights

Revenue for the second quarter ended June 30, 2008 was $1,515,677 compared to $1,321,813 for the corresponding quarter last year, an increase of 15%.

Year-to-date revenue was $3,187,110 compared to $2,611,764 last year, an increase of 22%.

Recurring revenue for the quarter was 66% of total revenue compared to 50% for the corresponding quarter last year.

EMR division revenue for the quarter increased 118% to $508,543 compared to $233,298 in 2007.

Earnings for the quarter were $11,032 compared to $21,333 last year.

Year-to-date earnings were $138,020 compared to $38,796 last year.

Cash on hand at June 30, 2008 was $1,357,053 compared to $493,405 at December 31, 2007.

Working capital before deferred revenue at June 30, 2008 was $2,166,706 compared to $1,073,336 at December 31, 2007.

Operating Results

Revenue of the HR division was $1,007,134 for the quarter, a decrease of 7% over the same quarter last year. Year-to-date revenue for the division was slightly ahead of last year. The Company has experienced some delays in buying decisions by health regions; for example, Alberta has recently announced a restructuring of its health regions and has temporarily frozen new IT purchases.

Revenue of the EMR division increased by 118% and was $508,543 for the quarter compared to $233,298 in 2007. The acquisition of National Medical Solutions Inc. ("National") in the third NEWS RELEASE quarter of 2007 accounted for approximately 65% of the increase with the balance coming from organic growth.

Net earnings for the Company for the second quarter were $11,032 compared to $21,233 last year. The EMR division recorded net earnings before corporate expenses of $63,336 for the second quarter compared to a net loss of $97,142 last year. For the year-to-date, earnings of the Company were $138,020 compared to $38,796 last year, with the EMR division contributing $101,190 before corporate expenses, compared to a loss of $234,903 last year reflecting the beneficial impact of the National acquisition. Corporate expenses are the costs of the parent company that includes the costs of running a public company as well as senior management salaries.

View full News Release here

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QHR Grants One Million Stock Options

Friday, August 1, 2008

Kelowna, BC, July 23, 2008 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) announced today that it has granted an aggregate 1,000,000 stock options to various directors, employees and consultants of the Corporation. Each option is exercisable at $0.25 per common share and is exercisable at any time until July 31, 2013. The options generally vest over a two year period in equal installments each quarter.

QHR provides integrated human resource management, payroll and staff scheduling ("HR") software systems for the healthcare and social services sector, and electronic medical records ("EMR") applications for physicians' medical offices.

For a more complete business and financial profile of the Company, management encourages interested parties to visit the Company's website, www.QHRtechnologies.com.

View full News Release here

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QHR Announces 2008 AGM Board Members Election

Wednesday, July 23, 2008

Kelowna, BC, July 23, 2008 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) held its Annual General Meeting on July 21, 2008 at which six Directors were elected to the Board. Shareholders re-elected Doug Blakeway, Charles LaFleche and Al Hildebrandt as directors. New directors elected for the coming year where Dr. Ernest Wigmore, M.D., Robert W. McGowan, FCA and Ian MacPherson.

The company's rolling stock option plan which reserves for issuance as options a maximum of 10% of the issued common shares from time to time was approved at the meeting. The shares under this option plan are reserved for issuance to employees, directors, officers and consultants; subject to TSX-Venture regulatory approval.

Dr. Ernest Wigmore is a medical doctor specializing in family medicine. He was founder and chairman of National Medical Solutions, an electronic medical records ("EMR") provider acquired by QHR in August 2007.

Mr. Robert W. McGowan, FCA is an accomplished business executive with broad experience in publicly traded companies who recently retired as CFO for Sun-Rype Products Ltd., a TSX listed company based in Kelowna. He is a former President of the Institute of Chartered Accountants of Manitoba.

Ian MacPherson is a Management Consultant with a Masters in Public Administration who has undertaken numerous assignments in both the public and private sectors. He brings a strong background in strategy development and corporate governance.

At a Board meeting immediately following the AGM Doug Blakeway was elected Chairman of the Board.

In welcoming the new members to the Board Mr. Blakeway stated: "I look forward to working with the newly elected board for the coming year. The new members will provide a broader base of experience and strength. Dr. Wigmore brings experience in the EMR business, a key growth opportunity for QHR, while Mr. McGowan and Mr. MacPherson add strong skills in developing successful growth strategies as well in governance of public companies. The board's task for the coming year will be to provide guidance for successful growth strategies which we feel should result in increased shareholder value."

The Company wishes to thank the retiring directors for their contributions and guidance during their tenure.

View full News Release here

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QHR Announces Continued Growth and Profitability

Monday, April 21, 2008

Kelowna, BC, April 21, 2008 - QHR Technologies Inc. ("QHR" or the "Company") (TSX-Venture: QHR) announced today the release of its interim financial statements for the three months ended March 31, 2008. QHR provides integrated human resource management, payroll and staff scheduling ("HR") software systems for the healthcare and social services sector, and electronic medical records ("EMR") applications for physicians' medical offices.

Highlights

Revenue for the first quarter ended March 31, 2008 was $1,671,433 compared to $1,289,951 for the corresponding quarter last year, an increase of 30%.

EMR division revenue for the quarter increased 136% to $509,802 compared to $215,860 in 2007.

Earnings for the quarter were $126,988 compared to a profit of $17,563 last year.

EBITDA for the quarter was $186,243 compared to $130,475 for the previous year.

Cash on hand at March 31, 2008 was $1,307,734 compared to $493,405 at December 31, 2007.

Working capital before deferred revenue at March 31, 2008 was $2,015,817 compared to $1,073,336 at December 31, 2007.

Shareholders' equity at March 31, 2008 was $1,578,844 compared to $1,451,856 at December 31, 2007.

Operating Results

Revenue of the HR division was $1,161,631 for the quarter, an increase of 8% over 2007 reflecting the continued, steady growth of the HR division. Revenue of the division also included $28,442 received during the first quarter as part of an IRAP grant towards the costs of researching technologies for future software development.

Revenue of the EMR division increased by 136% and was $509,802 for the quarter compared to $215,860 in 2007. The company showed strong sales growth in Alberta, B.C. and Saskatchewan. The acquisition of National Medical Solutions Inc. ("National") in the third quarter of 2007 accounted for approximately 75% of the increase with the balance coming from organic growth.

Net earnings for the first quarter were $126,988 compared to $17,563 last year, an increase of $109,425. The increase reflects the continued strong growth in the contribution from the EMR division as well as modest growth in the HR division. The EMR division recorded net earnings before corporate expenses of $56,032 for the first quarter compared to a net loss of $137,761 last year. Corporate expenses are the costs of the parent company that includes the costs of running a public company as well as senior management salaries.

View full News Release here

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QHR Announces Increased Revenue and Earnings for 2007

Tuesday, March 25, 2008

QHR Technologies Inc. ("QHR" or the "Company") (TSXVenture:QHR) announced today the release of its annual audited financial statements for the year ended December 31, 2007. QHR provides integrated human resource management, payroll and staff scheduling ("HR") software systems for the healthcare and social services sector, and
electronic medical records ("EMR") applications for physicians' medical offices.

HIGHLIGHTS
- Company recorded its highest annual revenue in 2007. Revenue for the year ended December 31, 2007 increased 25% to $5,893,684 compared to $4,721,439 for the previous year.
- Recurring revenue increased 58% to $3,800,000 at year end compared to $2,400,000 last year.
- EMR division revenue for 2007 increased 158% to $1,440,397 compared to $558,705 in 2006.
- Earnings for 2007 were $212,555 compared to a loss of 520,646 in 2006, a turnaround of $733,201.
- Revenue of $1,772,000 for the fourth quarter 2007 was a new record. The Company has
achieved net earnings in each of the last six quarters.
- EBITDA was $530,316 for 2007 compared to a loss of $118,670 for the previous year.
- Cash at December 31, 2007 was $493,405 compared to $48,182 in 2006.
- Working capital before deferred revenue at year-end was $1,073,336 compared to $250,416 the previous year.
- Shareholders' equity at year-end was $1,451,856 compared to a deficit of $260,854 for 2006.
- Private placement of 3,500,000 shares was successfully completed for net proceeds of $960,000.
- Acquisition of National Medical Solutions ("National") on August 1, 2007 added $454,000 to 2007 revenues.

OPERATING RESULTS
Revenue increased $1,172,245 in 2007, representing an increase of 25% compared to the previous year. Approximately 61% of this increase in revenue was attributable to organic growth in both of the Company's divisions, with the remaining 39% being attributable to the acquisition of National. A key part of the Company's strategy is to build recurring revenues and these had reached approximately $3,800,000 at year-end, including $600,000 attributable to the acquisition of National. Recurring revenue was equal to 64% of 2007 revenues and sets the foundation for future
revenue growth.

Operating expenses in 2007 were $5,363,368 compared to $4,840,109 in 2006, an increase of 11%. Sales and marketing expenses were $1,205,828 for 2007, an increase of 10% over last year. The increase was the result of the acquisition of National. These additional expenses had been eliminated by year-end with the integration of National operations into QHR. Service and delivery expenses were $1,786,271 for 2007, an increase of 21% over last year. The increase was the result of expanded operations in the EMR division necessary to support the revenue growth and the costs assumed with the acquisition of National. Most of the National costs had been eliminated by year-end. Administrative expenses were $1,279,131 for 2007, an increase of 16% over last year. Approximately $80,000 of the increase was related to the increasing costs of running a public company; approximately $60,000 was related to the acquisition of National and the balance the result of expanded operations in the EMR division. Again, by year-end the National costs had been eliminated. Product development expenses were $1,092,138 for 2007, a decrease of 7%. The increase in costs associated with the acquisition of National was more than offset by the capitalization of development costs. For 2007 the Company capitalized $226,057 of new product development expenses compared to nil for 2006.

Net earnings
Net earnings for the year ended December 31, 2007 were $212,555 compared to a loss of $520,646 for 2006. The increase in net earnings is the result of the continued success in the HR division and the rapid increase in revenue from the EMR division resulting in the division achieving profitability for the first time during the fourth quarter of 2007.

OUTLOOK FOR 2008
The Company continues to execute its business model based on recurring revenues. The Company commences 2008 with a base of $3,800,000 recurring revenue equal to 64% of 2007 revenue. The Company operates in two business segments with growth potential. However, the growth of the Company's EMR division depends heavily on the actions of provincial governments and their funding policies. Delays in implementing funding models in each province could restrict revenue growth. Also, sales in the HR division are subject to the long procurement processes of public institutions and this could result in significant variations in quarterly revenues, depending on when
new sales are closed. Provided QHR meets its targets for revenue growth, the profitability of the Company should continue to improve because it has the capacity to add new revenues at low marginal costs.

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QHR Announces Support Revenue of $2,150,000 for 2008

Friday, January 25, 2008

(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 increased its support and recurring revenue for 2008 to approximately $2,150,000.

Annual support services billings for 2008 is up $100,000 from 2007 and represents the sixth consecutive year with growth in this important revenue area. The growth of annually recurring support service revenue is being fuelled by the addition of new clients and the adoption of additional HR functionality by existing clients. The progress of the financial contribution of support agreements to the ongoing financial health of QHR can be demonstrated as follows:

Support
Revenue
2008 2007 2006 2005 2004 2003
$2,150,000 $2,050,000 $1,750,000 $1,400,000 $1,000,000 $750,000

Support revenue provides a reliable annual source of capital for the operations of the Company. The combination of recurring revenue from HR software and its Electronic Medical Record software now exceeds $3,850,000 annually.

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QHR Third Quarter Profitable Results

Tuesday, November 27, 2007

(QHR - TSX Venture Exchange) Mr. Al Hildebrandt, President and CEO of the Company, announces that the Company has released its interim financial statements for the nine months ended September 30, 2007. The Company reports that revenues reached $4,121,580 for the nine months ended September 30, 2007 with earnings of $99,684 compared to revenues of $3,380,536 and a loss of $537,080 for the same period in 2006.

This is the fifth consecutive quarter that earnings have been achieved and is the result of the Company's longterm plan of developing annual recurring revenue from new and existing clientele through acquisitions and sales initiatives.

View full News Release here

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QHR Completes Private Placement of $1,050,000

Monday, November 26, 2007

(QHR - TSX Venture Exchange) Mr. Al Hildebrandt, President and CEO of the Company, announced that the Company has completed the brokered private placement of 3,500,000 units at $0.30 per unit as previously announced on August 31, 2007 and November 16, 2007. The Company engaged Global Maxfin Capital Inc. ("Global") as its Agent in connection with a brokered private placement of 3,500,000 units of the Company at a price of $0.30 per unit for total gross proceeds of $1,050,000.

Each unit will consist of one common share of the Company and one-half warrant entitling the holder to acquire one additional common share for a period of nine months at the exercise price of $0.40 per share.

View full News Release here

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Business Development for Canadian Technologies

News Releases

QHR TECHNOLOGIES NAMED ON THE 2010 TSX VENTURE 50

Monday, February 8th, 2010

QHR COMPLETES $750,000 PRIVATE PLACEMENT

Thursday, December 3rd, 2009

QHR ANNOUNCES $1,500,000 IN NEW CONTRACT BUSINESS

Thursday, November 26th, 2009

QHR ANNOUNCES THIRD QUARTER RESULTS

Thursday, November 19, 2009

QHR TO ACQUIRE CLINICARE CORPORATION

Monday, November 9th, 2009

Ms. VICTORIA WITHERS JOINS QHR BOARD OF DIRECTORS

Thursday, October 15th, 2009

QHR'S OPTIMED SOFTWARE CHOSEN AS FIRST APPROVED VENDOR FOR SASKATCHEWAN EMR PROGRAM

Monday, August 24th, 2009

QHR ANNOUNCES SECOND QUARTER RESULTS

Thursday, August 20, 2009

QHR ANNOUNCES $1 MILLION IN NEW CONTRACT BUSINESS

Wednesday, August 5th, 2009

QHR ANNOUNCES LAUNCH OF CLOUDWERX DATA SOLUTIONS INC.

Monday, June 22nd, 2009

QHR ANNOUNCES $1,000,000 PRIVATE PLACEMENT

Wednesday, June 10th, 2009

QHR'S EMR DIVISION FIRST APPROVED EMR VENDOR IN MANITOBA

Tuesay, June 2nd, 2009

QHR ANNOUNCES RECORD FIRST QUARTER RESULTS

Wednesday, May 13, 2009

QHR's Subsidiary Optimed Partners With Calgary Scientific Inc.

Monday, May 11th, 2009

QHR Announces $1 Million in New Contract Business

Thursday, April 30th, 2009

QHR Completes Full Payment for Momentum Acquisition

Tuesday, April 21st, 2009

QHR Announces Financial Results for 2008

Monday, April 20, 2009

QHR Announces Major Contract in Ontario

Friday, March 6th, 2009

QHR Announces Completion of Momentum Acquisition

Wednesday, February 4th, 2009

QHR Announces Support Revenue of $4,000,000 for 2009

Monday, February 2nd, 2009

QHR'S Accuro™ EMR Selected as Preferred Product Solution for Saskatchewan EMR Program

Wednesday, January 28th, 2009

QHR To Acquire Financial Software Division of Momentum Healthware, Inc.

Monday, January 19th, 2009

Mr. Larry Smith Joins QHR'S HR Division as Chief Operating Officer

Thursday, January 15th, 2009

QHR'S EMR Division, Optimed Software, Selected as a Candidate Approved Vendor For Electronic Medical Records (EMRs) in Manitoba

Wednesday, December 3rd, 2008

QHR Announces Third Quarter Results

Friday, November 28th, 2008

QHR to Acquire Clinicvault and its Enterprise Class Datacenter

Wednesday, September 17th, 2008

QHR Applies to Extend Expiry Date of Warrants

Monday, August 11, 2008

QHR Announces Second Quarter Results - Continued Growth and Profitability

Wednesday, August 6, 2008

QHR Grants One Million Stock Options

Friday, August 1, 2008

QHR Announces 2008 AGM Board Members Election

Wednesday, July 23, 2008

QHR Announces Continued Growth and Profitability

Monday, April 21, 2008

QHR Announces Increased Revenue and Earnings for 2007

Tuesday, March 25, 2008

QHR Announces Support Revenue of $2,150,000 for 2008

Friday, January 25, 2008

QHR Third Quarter Profitable Results

Tuesday, November 27, 2007

QHR Completes Private Placement of $1,050,000

Monday, November 26, 2007

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