HealthSpace Announces New Members to its Advisory Board

VANCOUVER, Dec. 18, 2018 /CNW/ - HealthSpace Data Systems Ltd. ("HealthSpace") (CSE:HS) (Frankfurt:38H) (OTC:HDSLF) is pleased to announce the appointment of Nicholas Jeffery and Matthew Eierman to its Advisory Board.

Mr. Jeffery, a former Director of the Data Centre Solutions group at CBRE (the world's largest commercial real estate services firm), has a depth of experience spanning a multi-decade career across numerous business verticals. Most recently, Mr. Jeffery served as CEO of Uniserve Communications Corporation where he significantly increased revenue and saw a 271% increase in market capitalization and was awarded TSX top 50 performing company last year.

With over 25 years of telecommunications, media and technology experience, Mr. Jeffery was previously the European Managing Director of PSINet Europe. He was part of the executive team that acquired PSINet for $15m and was sold two years later for $150m to Telstra and Interroute, having taken the business from a $30m loss to $15m profit in two years. Mr. Jeffery has also been a C-Level executive at data center and Internet service companies such as Hostmark, Worldport, and Digital Realty. Mr. Jeffery also has with a vast professional network in the IOT space which aids the company's reach as it continues to grow.

Mr. Jeffery said about the appointment. "HealthSpace is in a fascinating space where big data analytics and artificial intelligence will dramatically improve the work environment for the people working in the various industries HealthSpace serves. For the clients that HealthSpace serves, this will translate to profound productivity improvements in the audit, certification and compliance process - a win for both sides of the equation".

Mr. Eierman, a chef-turned-entrepreneur, has had a long history in the food service industry both inside the kitchen and out, having served for a time as general manager over numerous locations of a large national chain.  Mr. Eierman used his experience in the industry to start HDScores, a company that aggregates restaurant inspection data and puts it into a consumable format.  While serving as CEO of HDScores, Mr. Eierman designed the concept, led the development of the platform and built-out the management team.  Prior to successfully exiting the company, Mr. Eierman oversaw HDScores' partnership with Yelp, a crowd-sourced review forum, to bring restaurant inspection data to consumers.

Mr. Eierman commented "I'm excited to work with HealthSpace in this advisor role, helping to share my knowledge about food safety and data with Healthspace. Healthspace is one of the leading companies in this space in my opinion. "

HealthSpace CEO, Silas Garrison noted "I am thrilled to have both of these individuals join our Advisory Board.  Each of them brings an immense amount of value and insight.  Nicholas is a great source of sage advice and insightful guidance.   As we expand inside of existing verticals, as well as delving into new ones, having Nicholas as an advisor helps highlight those areas that only come from experience.  Matthew is one of the few people who not only understands our unique client-base, but has spent a large portion of his career working with the type of data and information our software manages. As we build out the My Health Department platform, there is a lot of overlap in his expertise and our desire to help businesses keep up with compliance."

The Company further announces that it has granted to certain advisors of the Company stock options to acquire up to a total of 500,000 common shares under the Company's Stock Option Plan (the "Options").  The Options are exercisable for a period of five years at a price of CAD$0.08 per share.

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.

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

HealthSpace Data Systems, Ltd., Silas Garrison, CEO, [phone], [email protected]