News Release: QHR and Pender Announce Agreement

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QHR Corporation and PenderFund Capital Management Ltd., a shareholder of the Company holding approximately 15.8% of QHR’s outstanding common shares, announced today an agreement to nominate three existing directors, Mark Kohler, Gordon (“Stonie”) Glenn and Thomas Liston and three new nominees, Kelly Edmison, Garth Albright and Neil McDonnell, each as a director of QHR at the upcoming annual general meeting of shareholders to be held on June 17, 2015.  As a result, the size of the Board will be reduced to six directors.  QHR and Pender believe that the Agreement is beneficial to all of the Company’s shareholders.

Mark Kohler, Executive Chairman of QHR, said: “We recently engaged in a dialogue with Pender and arrived at this constructive resolution to include three new strong candidates for QHR’s proxy circular.  The inclusion of Kelly, Garth and Neil will be critical to replace the significant contributions of each of Al Hildebrandt, Ernie Wigmore, Jim Mutter and Art Mesher over the years.  Al, as founder, Ernie and Jim, as long standing directors, and Art, who joined us in 2012, have each been instrumental in QHR’s successes to date.  The board wishes to express its gratitude to each of these gentlemen for their tremendous efforts and dedicated service.  We are pleased that Al and Art have agreed to continue to participate in the growth of the company as strategic consultants to the board.  We look forward to working with the new board members to increase value for all QHR shareholders.”

Kelly Edmison, CEO of Pender, said: “We are pleased with the dialogue and resolution with QHR.  Mark, Stonie and Tom each have excellent track records of creating value for shareholders and we are pleased to supplement their expertise with three additional experienced, shareholder-oriented nominees.   We believe QHR’s leadership position in the Canadian EMR market gives it substantial growth prospects, and expect that today’s agreement will allow QHR to move forward, capitalize on this market position and realize its full potential.”

Biographies of the newly nominated Directors:

Kelly Edmison is the CEO of PenderFund Capital Management Ltd, an independent, value based investment management firm with $500 million of assets under management. Mr. Edmison has been active in the Vancouver business community for 30 years. He spent his early years as a lawyer in Calgary and Hong Kong and then practiced securities and commercial law from 1985 to 1995 at a leading Vancouver law firm. Mr. Edmison then established his own practice focusing exclusively on Vancouver-based junior technology companies. He ceased practicing law in 2002 and became President and Chief Executive Officer of Pender Financial and PenderFund Capital Management Ltd., which are engaged in venture capital investment and fund management. Mr. Edmison has been an officer or director of many public and private companies in the technology sector. Kelly Edmison is a graduate of Queen’s University (LLB) and the University of Toronto (BA) and is a member of the Institute of Directors (ICD.D).

Garth Albright is a CPA and has been active in the Vancouver business community as a financial executive for over 30 years. Mr. Albright spent his early career at Cominco Engineering and Shoppers Drug Mart. He then was CFO of a series of companies including Canconnect, a telecom company, Peace Arch Entertainment, a post-production company, Gemcom Software a highly successful software company and Monexa Software. Mr. Albright has experience in all aspects of managing software companies including extensive experience in mergers and acquisitions.

Neil McDonnell has been a business person in the technology industry for over 30 years. Mr. McDonnell spent his early career at Northern Telecom and Dynapro. He was then General Manager at Plexus Systems Design, CEO at Intrinsic Software, COO at MDSI Mobile Data Solutions, COO at TIR Systems, CEO at TerraSpan Networks and CEO at Wurldtech Security Technologies. Mr. McDonnell has experience in all aspects of operating public and private technology companies and has been involved in many merger and acquisition activities. Mr. McDonnell is a graduate of the University of Toronto (Bcomm) and the University of British Columbia (MBA).

The terms of the Agreement will be made available at