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QHR Engages Global MaxFin for Private Placement

Friday, November 16, 2007

(QHR - TSX Venture Exchange) Mr. Al Hildebrandt, President and CEO of the Company, announced that the Company is proceeding with the brokered private placement of 3,500,000 units at $0.30 per unit as announced on August 31, 2007. The Company has 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.

The Company will pay Global on closing a cash commission of 6.5% of the gross proceeds of the offering. In addition, the Company will issue to Global warrants equal to 8% of the number of units sold having the same terms as the warrants included in the units.

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© 2007, QHR Technologies Inc.

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