HealthSpace (HS:CSE) CEO Provides Update
HealthSpace Data Systems Ltd. (the “Company” or “HealthSpace”) is pleased to provide an update of the Company.
Peter C. Smyrniotis, CEO of Healthspace comments, “I am pleased to provide an update on the progress of our Company. Since I took on the role of CEO this past November 2016, we have achieved a great deal within our organization and I see a tremendous opportunity for growth moving forward.”
HealthSpace’s list of accomplishments and strategic initiatives include the following:
1.Financial Overview:
The management team worked diligently in 2016 to reorganize, restructure and recapitalize the company. The result is a streamlined internal cost structure and a stronger balance sheet, which has put the Company on much stronger financial footing. On a normalized basis the Company is currently operationally EBITDA positive and fully expects to remain as such moving forward.
2.HS Cloud Suite Pro Launch:
The Company delivered to market for both government and commercial enterprise clients the first release of its new flagship Software-as-a-Service (SaaS) platform developed to work across browsers; available in native apps in iOS, Android, and Windows; and connected to a reporting and API integration tool, this technology stack is powerful and elastic in its market applications for environmental health auditing and reporting.
3.HS Data:
Working with its technology partner Keboola, the Company has prioritized designing and developing an enhanced HS Data application for existing government customers to address a market opportunity and in turn generate a dedicated revenue channel from this new application’s deployment.
4.Commercial Enterprise Market Launch:
With the completion of HS Cloud Suite Pro, Healthspace is now engaging with food & beverage, hospitality, assisted living, child-care, water monitoring and other prospective customers.
5.Expansion of the Advisory Board:
The Company has been able to connect and onboard new members to its advisory board, with more than 100 years of experience in food & beverage, hospitality, and franchises; experience scaling enterprise SaaS ventures both in Canada and internationally.
6.Food & Beverage Market:
This is the Company’s first commercial enterprise vertical engagement. Healthspace’s government customers inspect more of these types of sites than any other on a monthly basis. Further, Healthspace’s discoveries with prospective clients in this space has demonstrated to the Company that there is a trifecta of requirements from this vertical, as they have budget available to use technology to improve their businesses’ performance, multiple champions internally within organizations that service locations across multiple jurisdictions, and finally a use-case to gain visibility and predictability into their organization’s environmental health services positioning.
7.Cannabis Environmental Health Service:
This is a market opportunity that the Company is actively exploring. Healthspace has identified and are currently in discussions with several potential channel partners to provide its expertise in environmental health and safety inspection technology. As regulatory compliance becomes an increasing issue in this new high growth market Healthspace sees a tremendous opportunity for the application of our technology and expertise.
Peter C. Smyrniotis further comments, “In addition to all the above accomplishments having transpired or commenced, I am also pleased to update that HealthSpace continues to win new government opportunities across the US and Canada in which we currently service over 300 jurisdictions. Almost all of these new customers are onboarding our new HS Cloud Suite Pro platform, which delivers cloud-enabled, iterative, and multi-endpoint supported solutions. From these new customers to smaller renewals, all of our customers will benefit from our SaaS offerings going forward.
2017 is the year that we move our new software sales to the enterprise SaaS modality, which benefits our customers with responsive, iterative software; our employees with the ability to work on a contemporary technology platform which they can drive real value into; and to our shareholders who gain all the economic upside of a SaaS enterprise venture.
In summary, I believe that we now have the best possible combination of technology tools within our new platform to further increase our market penetration within the government sector. The coming quarters of 2017 should be an exciting time for our company as our management and advisory team focus their energies on the launch of our platform to commercial enterprise organizations such as food & beverage as well as the cannabis and water monitoring space. These commercial business segments dramatically increases our total available market opportunity and adds multiple new lines of revenue with faster sales cycles.
Taking all the above into account, I believe that the year ahead will be an exciting one for HealthSpace and an opportunity to build exceptional value for shareholders. I look forward to providing further updates and thank you for your continuing support of our efforts.”
HealthSpace Data Systems Ltd.
HealthSpace is an industry leading technology company currently providing inspection, information, communication and data management systems for federal, state, county and municipal governments. Over the last decade, HealthSpace has successfully developed both enterprise and mobile internet-based applications currently serving over 300 state and local government organizations across North America. HealthSpace currently offers the only integrated inspection, administration and analytics product suite across all platforms in North America. Further, HealthSpace now delivers its government grade technologies to private businesses enabling them to gain visibility and predictability into their own organizations and move from a reactive to a proactive operational status. HealthSpace continues to deliver focused service and innovative solutions to government organizations, while expanding into commercial enterprise verticals to enable new customers with proactive environmental health best practices and policies.
For more information please contact:
Peter Smyrniotis, CEO
peter@hscloudsuite.com
1-604-763-2552
Peter J. Kletas
PJK & Associates Inc.
1-866-999-6251
- Published in Health Space, Life Sciences, Medical Marijuana, News Home
HealthSpace (HS:CSE) Announces Contract with KFL&A Public Health and Issues Stock Options
HealthSpace (HS:CSE) Announces Contract with KFL&A Public Health and Issues Stock Options
– Momentum Public Relations –
Press Release: March 9, 2017
HealthSpace Data Systems Ltd . (the “Company” or “HealthSpace”) is pleased to announce that the Company has signed a three-year contract, with renewal options, to provide its environmental inspection software and services to KFL&A Public Health in Ontario. KFLA is a local public health agency with over 200 staff and 150 volunteers that delivers public health programs and services to the more than 180,000 residents of the Kingston, Frontenac and Lennox & Addington area .
HealthSpace President, Joseph Willmott stated “we are delighted to have KFL&A Public Health as a client as they are considered one of the more progressive health units in Ontario.” The contract is worth $56,420.
The Company also announces that it has g ranted an aggregate of 75,000 stock options to a consultant of the company. Each stock option entitles the holder to purchase one common share of the company at a price of .08 cents per common share for a period of five years from the grant date.
About HealthSpace Data Systems Ltd.
HealthSpace is an industry leading technology company currently providing inspection, information, communication and data management systems for federal, state, county and municipal governments. Over the last decade, HealthSpace has successfully developed both enterprise and mobile internet-based applications currently serving over 300 state and local government organizations across North America. HealthSpace currently offers the only integrated inspection, administration and analytics product suite across all platforms in North America. Further HealthSpace now delivers it’s government grade technologies to private businesses enabling them to gain visibility and predictability into their own organizations and move from a reactive to a proactive operational status. HealthSpace continues to deliver focused service and innovative solutions to government organizations, while expanding into commercial enterprise verticals to enable new customers with proactive environmental health best practices and policies.
- Published in Health Space, Life Sciences, News Home
HealthSpace (HS:CSE) Announces Expansion of its Oregon Agreement
Further to HealthSpace Data Systems Ltd. (the “Company” or “HealthSpace”) news release of November 14, 2016, the Company is pleased to announce that Lane County, Oregon, in conjunction with the State of Oregon, has increased their request for HealthSpace’s system to 24 additional counties. The agreement can now extent to a total of 34 counties. The term of the contract has also been extended by an additional year to October of 2018. This contract now has an aggregate value of over USD $230,000.
HealthSpace President, Joseph Willmott stated “the successful roll out of our system during the initial phase of this contract has allowed us to expand our relationship with Lane County and the State of Oregon. When completed, HealthSpace will service a majority of the counties in the state. I’d like to congratulate our deployment team for their exemplary work during this initial phase.”
About HealthSpace Data Systems Ltd.
HealthSpace is an industry leader providing inspection, information and communication management systems for federal, state, county and municipal governments. Over the last decade, the Company has successfully developed both enterprise and mobile internet-based applications currently serving over 300 state and local government organizations across North America. Clients range in size from small county organizations to state-wide systems with over 910 concurrent users, as well as national programs. HealthSpace specializes in the field of developing, installing, and maintaining inspection and regulatory management systems for environmental and public health organizations.
Forward-Looking Statements
This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although HealthSpace believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. HealthSpace expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
For more information please contact:
Ali Hakimzadeh, Chairman
ali@sequoiapartners.ca
1-604-682-4600
Peter J. Kletas
PJK & Associates Inc.
1-866-999-6251
- Published in Health Space, News Home
HealthSpace (HS:CSE) Announces Contract with Fraser Health Authority
HealthSpace Data Systems Ltd. (the “Company” or “HealthSpace”) is pleased to announce that Fraser Health Authority has signed a new service agreement with the Company to host and maintain its environmental health inspection, permitting and regulatory enforcement system. The agreement is for five years with four additional option years and replaces the agreement that expired in 2016. The contract is worth $759,720 excluding option years.
HealthSpace President, Joseph Willmott stated “We are delighted to have Fraser Health Authority as a client and are gratified with the confidence they have with our product and service.”
Fraser Health Authority is the largest health authority in British Columbia, servicing a population of 1.5 million people from the City of Vancouver to Hope.
About HealthSpace Data Systems Ltd.
HealthSpace is an industry leader providing inspection, information and communication management systems for federal, state, county and municipal governments. Over the last decade, the Company has successfully developed both enterprise and mobile internet-based applications currently serving over 300 state and local government organizations across North America. Clients range in size from small county organizations to state-wide systems with over 910 concurrent users, as well as national programs. HealthSpace specializes in the field of developing, installing, and maintaining inspection and regulatory management systems for environmental and public health organizations.
- Published in Health Space, News Home
HealthSpace Data Systems Ltd. Announces Management and Director Updates 01.11.16
Vancouver, BC / TheNewswire / November 1, 2016 – HealthSpace Data Systems Ltd. (the “Company” or “HealthSp ace”) is pleased to announce the appointment of Mr. Peter Smyrniotis as Chief Executive Officer.
Mr. Smyrniotis is a commercialization professional, technology advisor & entrepreneur-in-residence with Victory Square Labs and the Hillcore Group. He has 25 years’ experience in the technology industry, having developed skills, competencies and expertise in a number of areas and industries, including manufacturing, automotive, gaming, software, hardware, enterprise, e-commerce, payment processing, robotics, and augmented reality. Mr. Smyrniotis has worked with both private and public companies providing business development, strategic sales, channel & partnership and cloud brokerage strategic planning and execution. Further, he is actively involved in Mentorship with Canadian start-ups and youth entrepreneurship contributing the to the next generation successful business leaders.
Mr. Smyrniotis attended the University of Toronto during his undergraduate degree and completed a specialization in Information Technology from Royal Roads University.
Mr. Smyrniotis will step down from his position as Chief Commercialization Officer with the Company so that he can focus his time on his new role as CEO.
“Peter has been doing an excellent job as CCO of the Company and with his abundance of experience he is the perfect fit for the position. I am thrilled to pass the position on to Peter and believe he will excel as CEO and that the company will flourish under his leadership” commented Warwick Smith, outgoing CEO of the Company.
Peter Smyrniotis, CEO at HealthSpace, commented, “I am very pleased to be taking on the CEO role at Healthspace and believe that the company is well positioned for significant growth in the coming year and beyond. In 2016 HealthSpace successfully transitioned from an enterprise software service provider to a technology enabled SaaS venture that offers a best-in-class suite of tools to enable government and commercial enterprise organizations to effect governance and make a real impact on its citizens and employees. HealthSpace is actively selling its SaaS solution to government and commercial organizations, and the preliminary feedback to our demos and proposals has been overwhelming positive. For the balance of 2016 we anticipate continued sales of the new HS Cloud Suite SaaS and initial uptake of the HSData as a service product. I am excited about the future at HealthSpace and believe that we are going to deliver significant value to our customers and share-holders.”
Mr. Warwick Smith will be stepping down as CEO and a director of the Board, however, will remain with the Company in an advisory position. “As a board we would like to take the opportunity to thank Warwick for his contributions to HealthSpace. We are pleased he will remain involved as an advisor as we continue to build the Company.” Commented Ali Hakimzadeh, Chairman of the Board.
About HealthSpace Data Systems Ltd.
HealthSpace is an industry leader providing inspection, information and communication management systems for federal, state, county and municipal governments. Over the last decade the Company has successfully developed both enterprise and mobile internet-based applications currently serving over 300 state and local government organizations across North America. Clients range in size from small county organizations to state-wide systems with over 910 concurrent users, as well as national programs. HealthSpace specializes in the field of developing, installing, and maintaining inspection and regulatory management systems for environmental and public health organizations.
Forward-Looking Statements
This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although HealthSpace believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. HealthSpace expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
For more information please contact:
Peter J. Kletas
PJK & Associates Inc.
866-999-6251-Toll Free
Copyright (c) 2016 TheNewswire – All rights reserved.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Bio technology, Health Space, News Home