VANCOUVER, BC – October 6, 2021 – HealthSpace Data Systems Ltd. (the “Company” or “HealthSpace”) (CSE:HS) (Frankfurt:38H) (OTC:HDSLF) is pleased to announce that, as of September 30th, it has finalized its contract with Marin County Environmental Health Department in California (“Marin County”). On September 3rd the company announced the award of the contract worth $700,940 over 5 years, with $64,388 ARR each year over the next five years.
The company is further pleased to announce it has reached agreements to enter into contracts with;
- Larimer County, CO
- Clinton County, IL
- McDonough Schuyler and Henderson Counties in Illinois
These three contracts are expected to be fully executed this month.
Additionally, the following 2 existing clients have entered into agreements with HealthSpace for the following:
- Pueblo County, CO has added HSPay to their existing HSCloud Suite implementation which Pueblo expects to deploy in November.
- Vermillion County, IL has executed a contract amendment to add influenza and flu vaccination management to their existing HealthSpace contract. This extension was added by the county due to HSCloud’s unique ability to powerfully extend itself, as was demonstrated during the pandemic in the tracking of COVID-19 related cases.
These new contract awards equal a total value of $546,675 over the next five years, and add $86,800 in annual recurring revenue. This is in addition to the Marin County contract, and is not inclusive of HSPay revenue from Pueblo County, CO.
HealthSpace CEO, Silas Garrison noted “It is exciting to announce these new additions and what they mean for HealthSpace. Not only is it gratifying to be able to partner with additional agencies, but the uncertainty of timelines that COVID-19 created in our core market seems to be dissipating. Marin County went from award to contract execution faster than any other large RFP we completed this year. In a sign of further strengthening of our market, the decision by Larimer County, and the new counties in Illinois, allows us to pick up additional geographical hotspots of adoption; much like we are seeing in California. Vermillion County adding flu data management is a strong validation of the breadth and power of our platform. It also is an additional usage of the platform enhancements we developed in response to COVID-19. Further, Pueblo joining HSPay shows the added value we continue to pour into our platform, not just for new customers, but for existing customers that contracted before this product was available as an option with HSCloud Suite. I am grateful to our customers and our business development team for working to move these contracts quickly. We eagerly look forward to continued sales strength moving into the 4th quarter.”
HealthSpace Data Systems Ltd.
HealthSpace is a government Software as a Service (SaaS) company focused on providing efficiencies to state and local government agencies through its powerful enterprise cloud and mobile platform. Over the last decade, HealthSpace has successfully developed both cloud and mobile applications currently serving over 500 state and local government organizations across North America. HealthSpace’s HSCloud Suite platform is one of the only self-serve enterprise SaaS platforms in the government space. HealthSpace is focused on revolutionizing every aspect of the regulatory process within state, provincial and local government; from licensing to inspections, to disease surveillance, to financial management. HealthSpace’s platform handles it all. HealthSpace is now entering the FinTech space by developing an online and mobile payment platform that streamlines the intake of government revenue for the agencies it serves. The Company has also expanded its offerings in the realm of communicable disease tracking by creating an automated contact solution which enables public health agencies to broaden the scope and depth of their communicable disease surveillance in an automated fashion.
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:
Silas Garrison
CEO
(415) 580-2735
silas@hscloudsuite.com
Victoria Rutherford
Investor Relations
(604) 757-6888
victoria@adcap.ca
For more information please contact:
Silas Garrison
CEO
(704) 519-8964
silas@hscloudsuite.com
Victoria Rutherford
Investor Relations
(604) 757-6888
victoria@adcap.ca
