HDSLF - HealthSpace Announces First Contract for HSPay

Canada NewsWire

VANCOUVER, BC, June 25, 2020

VANCOUVER, BC, June 25, 2020 /CNW/ - HealthSpace Data Systems Ltd. (the "Company" or "HealthSpace") (CSE: HS) (Frankfurt: 38H) (OTC: HDSLF) is pleased to announce it has finalized a contract amendment, pursuant to the Company's previous release on November 20, 2019, for Franklin County Public Health in Ohio to utilize HSPay.  HSPay will be utilized as the exclusive online payment service for the Franklin County Public Health Department.

This is the first contract to fully include HSPay which allows the Company to begin deploying its payment solution immediately.  Franklin County Public Health collects over $8m a year in revenue.  All of this revenue has the ability to be processed through HSPay when a person or business desires to pay their regulatory fees online.

HealthSpace CEO, Silas Garrison noted "HSPay is one of the most exciting endeavors we have undertaken as a company.  I am pleased to see the desire from agencies in our market wanting an online payment solution that is tailored to their regulatory needs.  HSPay is fully integrated into our HSCloud platform making it a seamless integration and process for online bill pay.  HSPay has the ability to significantly increase our revenue over and above our standard SaaS contracts for HSCloud.  As we continue to scale, and close more deals, HSPay will be a pivotal driver in our revenue growth."

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

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