H-Source Update: Halt to be released immediately

VANCOUVER, BC, Dec. 18, 2020 /CNW/ - H-Source Holdings Ltd. (TSXV: HSI) (OTCQB: HSCHF) (the "Company" or "H-Source") is pleased to announce the resumption of trading as per the directions of the British Columbia Securities Exchange. H-Source has met the requirements to enable the full reinstatement of the Canadian markets.

H-Source would also like to provide an update on the previously announced Press Release dated May 12, 2020 (https://www.newswire.ca/news-releases/h-source-announces-hsource1-in-europe-for-medical-supplies-and-covid-19-844135810.html). H-Source has successfully pivoted to pursuing various Personal Protection Equipment ("PPE") leveraging its healthcare knowledge and technology platform which provides inventory management with  central warehouse tracking  for hospitals, governments, and businesses to procure highly needed medical supplies including PPE,  medical surgical supplies, pharmaceuticals and capital equipment.

John Kupice (CEO of H-Source) stated: "The current global pandemic is putting tremendous pressure on the demand for PPE supplies, as well as supply chains and logistics. Leveraging the H-Source platform and healthcare knowledge enables our trusted partners to achieve secure levels of procurement and fulfillment. This has allowed us to build strong pipeline of PPE projects."

Mr. Kupice further comments: "H-Source will continue to update all of our valued shareholders and business partners as we continue to rollout and execute on various strategies and opportunities, and we wish to sincerely thank you for your patience and confidence during this tumultuous time".

About H-Source Holdings Ltd.         
H-Source Holdings Ltd. is a proprietary, patented technology company operating within the healthcare industry through its wholly-owned subsidiary, H-Source, Inc. The Company has developed an advanced technology solutions stack that provides participating members a private, secure, Software As A Service ("SAAS")  platform to engage in the buy, sell, track, and transfer of medical supplies, pharmaceuticals, capital equipment, and medical devices. Integrating advanced Artificial Intelligence ("AI") and Business Intelligence ("BI") enhance the data analytics for supply chain optimization. The platform is FDA and DSCSA compliant for pharmaceuticals and GS-1 UDI/GTIN for devices including serialization, ownership, and custody in extended modules. Blockchain is offered as an add-on, at an additional cost, for robust security and traceability. Additionally, the H-Source platform provides all the accounting and data allowing buyers and sellers to capture product transactions and custody movements. This platform is designed to increase and maximize supply chain efficiency while reducing costs by moving products directly from manufacturers, providers, and distributors to businesses or consumers. For more information, please visit http://h-source.com/.

On behalf of the board of directors of H-Source Holdings Ltd.

John Kupice
CEO & Director

CAUTIONARY DISCLAIMER STATEMENT: The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

This news release contains forward-looking statements relating to the completion of the listing of the Company's shares on the TSXV and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of the TSXV and other risks detailed from time to time in the filings made by the Company with securities regulations.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.

SOURCE H-Source Holdings Ltd.

[email protected]