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 Appoints Advisory Board Members
HealthSpace Appoints Advisory Board Members
– Momentum Public Relations –
Press Release: January 11, 2017
George Moen
Mr. Moen is a serial entrepreneur and business leader who specializes in topline growth across a variety of industries including extensive experience in the food and beverage industry. He founded his first business, Sandwich Tree, while in university and grew the restaurant chain to over a hundred stores across Canada. He subsequently founded and exited a number of successful businesses in technology, media and hospitality. Mr. Moen served as President of Blenz Coffee for five years until 2012 helping the franchise grow to over a hundred locations in Canada, Philippines and Japan. He then served as Chief Operating Officer for Inca One Gold Corp. He sits on the board of directors for Dynamic Oil and Gas Exploration Inc. and CanTest Solutions Inc. He is currently President and CEO of Rothbury Capital, a Canadian real estate investment company with strategic, income-producing investments in multiple US markets.
Ian Tostenson
As the dynamic, passionate and forward thinking President & CEO of the BC Restaurant and Food Services Association, Ian Tostenson combines energy and integrity with proven achievement in all areas of business. Mr. Tostenson spent most of his career leading and successfully growing Cascadia Brands, which owned Calona Vineyards, Sandhill Vineyards, Burrowing Owl Vineyards, Granville Island Brewing, Grady Wine Marketing and Potter Distilling.
He is an appointed director to the Premier’s Permanent Small Business Roundtable (advising government on issues and opportunities for small business) and took on the challenge as an appointed member of BC’s Climate Team to chart out BC’s carbon future. Mr. Tostenson was BC’s second chairman for the BC Wine Institute, a finalist in the Ernest & Young Entrepreneur of the Year Award and a recipient of the Business in Vancouver Top 40 Under 40 Award. He served on the Board as a Director and President of the David Foster Foundation for over 22 years, which continues to create a lasting legacy for the benefit of families with children requiring life-threatening organ transplants. He speaks to this cause regularly as well to the cause of H.A.V.E. CAFE, which he co-founded, sharing a passion to change lives in the downtown Vancouvereastside.
Mr. Peter Smyrniotis, CEO at HealthSpace commented, “The addition of George Moen and Ian Tostenson to HealthSpace’s strategic advisory board is a serious value-add to the management team and employees within our company. Their cumulative experience and credibility in building and working with food & beverage and hospitality organizations will further empower HealthSpace’s growth as we launch our HS Cloud Suite and HS Data programs into commercial enterprise. On a personal note, both George and Ian have invested their time in learning about the impact of HealthSpace’s services in both the US and Canada, and they have been proactive in enabling our team to accelerate our market engagement with private businesses. I am very happy to have them on board.”
The advisory board is expected to work closely with management to provide guidance and support in the planning and execution of the company’s growth strategy.
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
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- Published in Health Space, News Home