VANCOUVER, BC – June 23, 2016 – HealthSpace Data Systems Ltd. (the “Company” or “HealthSpace”) is pleased to announce the signing of an Agreement and Purchase Order (collectively the “Contract) from the City of Milwaukee (the “City”) for the deployment of the Healthspace enterprise software application and service for the surveillance and regulatory enforcement of the City’s environmental health and consumer protection programs. The Contract is valid for two years for a total contract value of USD $55,140. The Contract may extend up to five years at the option of the City.
“We are very pleased to have been selected by the City Of Milwaukee,” said Warwick Smith, Chief Executive Officer of the Company.
The Company also announces that the it has completed a shares-for-debt settlement – as previously mentioned in a news release disseminated on March 23, 2016 – in the aggregate amount of $15,000 owed to one creditor for the provision of consulting services, by the issuance of 100,000 common shares (the “Shares”) of the capital of the Company at a deemed issue price of $0.15 per Share. The Shares will be subject to four month and one day hold period.
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.
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:
Warwick Smith, CEO
+1 604 250 1737
Peter J. Kletas
PJK & Associates Inc.