VANCOUVER, BC – February 11, 2019 – HealthSpace Data Systems Ltd. (the “Company” or “HealthSpace”) (CSE:HS) (Frankfurt:38H) (OTC:HDSLF) is pleased to announce it has entered into a Memorandum of Understanding (MoU) with the Tennessee Department of Health (the “Department” or “Tennessee”) to pilot the initial launch of the My Health Department platform. Once development is completed, this arrangement allows for business owners across the entire state to register an account on the platform in order to track their business’ information and pay for all fees issued by the Department.
The My Health Department platform will be a useful resource for businesses to effectively address regulatory and permitting issues. Business owners, especially those with multiple outlets, have for years experienced frustration with not being able to efficiently track inspection data on all of their locations. The My Health Department platform also will provide owners with more payment options, such as making online payments for all of their locations in one simple process.
In addition to signing on Tennessee, HealthSpace has entered into an agreement with a Fortune 500 payments provider to integrate their products and features into the My Health Department platform. This arrangement provides HealthSpace the ability to share in the revenue that comes from online payments, thus, adding an additional line of revenue for the Company. Further, working with one of the world’s largest providers of online payments means these tools will be streamlined providing significant valueadd to both government agencies and private businesses.
HealthSpace CEO, Silas Garrison noted “These two agreements greatly propel our efforts forward. We are excited to begin working with the regulators in Tennessee to guide the platform’s initial features to ensure that, long term, this turns into a national success. This platform will disrupt the issues that have become status-quo by streamlining communication, removing barriers to transparency and providing a digital bridge between government agencies and the private businesses they regulate.”
My Health Department platform will change the way businesses look at and interact with regulatory data collected by environmental health departments. In providing simple, free-to-use tools and features, businesses can have a better handle on how to approach regulatory issues. By launching this pilot, HealthSpace is creating a marketplace that sets up a direct relationship with individual businesses across the country to be able to provide additional products and services in the future, while simultaneously creating more accretive revenue streams.
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.
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.
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