VANCOUVER, BC – May 28, 2021 – HealthSpace Data Systems Ltd. (the “Company” or “HealthSpace”) (CSE:HS) (Frankfurt:38H) (OTC:HDSLF) is pleased to announce it has been awarded a new contract with Orange County Health Care Agency in California (“Orange County”).
On June 30th, 2020 HealthSpace announced the execution of a five year agreement with Orange County, with a total contract value of $1,006,121.61. As the pandemic continued to intensify in California, and take more and more of the department’s time, the decision was made to put a large enterprise software deployment on hold. With the lapse in time between the original contract and today, Orange County elected to begin a new procurement process.
The new contract just awarded will be worth $1,292,147, of which $915,000 is recurring revenue, over the next five years. This represents an over 20% increase in price from the original contract by including GovCall, which Orange County will utilize for virtual inspections and other online video needs. These numbers are not reflective of any HSPay transactions which the County will utilize post go-live.
HealthSpace CEO, Silas Garrison noted “It is humbling to be a partner to health agencies during a period of unprecedented stress and challenges. Our clients have weathered a lot over the last 15 months and this has been especially true for many counties throughout California. I am also thrilled to see early adoption of our new GovCall platform so quickly after its release. GovCall will greatly aid in solving a difficult problem for agencies around the Country, resulting in time and cost savings and helping to bring about HealthSpace’s ultimate goal of helping streamline government efficiency. “
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 500 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. HealthSpace has now entered into the FinTech space by creating a payment platform that streamlines the intake of government revenue for the agencies it serves.
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”, “pipeline”, “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:
Silas Garrison
CEO
(704) 519-8964
silas@hscloudsuite.com
