HealthSpace Accelerates Sales with Three New Wins and First Sale in North Carolina

VANCOUVER, May 16, 2019 /CNW/ - HealthSpace Data Systems Ltd. (the "Company" or "HealthSpace") (CSE:HS) (Frankfurt:38H) (OTC:HDSLF) is pleased to announce a series of new contracts wins, one of which is the Company's first win in the State of North Carolina. Cheyenne, WY, Transylvania County, NC and Casper County, MO all chose HealthSpace's HSCloud Suite product line to help their departments operate more efficiently. The total value of these contracts is $100,900 USD.

These contract wins represent a growing trend for the Company where more deals are being closed at a faster rate.  The sales pipeline has increased many times over in the last six months alone, giving way to more deal volume and a higher velocity of sales.  The increase in volume and velocity will be represented in more, and larger, contract wins over a shorter period of time.

HealthSpace CEO, Silas Garrison noted "We are thrilled to continue to deliver our solutions to more agencies, which positively impacts the lives of both government agencies and the general public alike.  North Carolina is an exciting win because it represents a new state we can begin to gain a foothold in.  We offer our solutions to government agencies at the local level which means it's a very segmented market.  In the case of North Carolina, there are 100 counties which all make their own purchasing decisions on software.  Being able to prove ourselves in that state by providing our solutions to Transylvania County opens the door to 99 other counties."

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.  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", "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.

SOURCE HealthSpace Data

Silas Garrison, CEO, 704-519-8964, [email protected]