VANCOUVER, BC / TheNewswire / January 24, 2017 – HealthSpace Data Systems Ltd. (the “Company” or “HealthSpace”) is pleased to announce that Mr. Steven Lee has joined the Advisory Board of the Company.

Steven Lee:

Mr. Lee is a dynamic leader and experienced financial executive with a career focused on hypergrowth companies. As an early employee of Mobify, a privately-owned SaaS company with a staff size of 160, Mr. Lee successfully secured the company’s first financing (+$10M), led the M&A process of multiple US-based companies, oversaw a 300% growth in revenue and a 400% increase in staff with expansion into the UK and US, while providing strategic advice to the CEO and board of advisors. Mr. Lee was also an early employee of Slack Technologies, touted as the fastest company to reach a billion-dollar valuation. He was instrumental in creating infrastructure and helping to grow and scale the business through multiple rounds of financing and acquisitions.

Besides Mr. Lee’s expertise in SaaS, M&A and financing of high-growth companies, he also has many years of experience in senior management at Grant Thornton LLP. He is currently Chief Financial Officer for Rothbury Capital, a Canadian real estate investment company with strategic, income-producing investments in multiple US markets. Mr. Lee earned his Bachelor of Commerce from University of British Columbia and is a Chartered Professional Accountant (British Columbia).

The Company also announces that George Moen, who was recently appointed to the Company’s Advisory Board (see News Release dated January 11, 2017) has been appointed as Chair of the Advisory Board.  

George Moen commented "I am very pleased to be appointed as Chairman of HealthSpace’s Advisory Board and we are thrilled to have Steven Lee join the team.  Steven's connections within the technology community and his experience in high-level M&A are anticipated to be of tremendous value to the Company.  We plan on the addition of other high level talent to the Advisory Board in the coming year and look forward to helping the management team scale the business."

The Company has granted 300,000 incentive stock options to Mr. Lee.  Each stock option entitles Mr. Lee to purchase one common share of the company at a price of $0.08 per common share for a period of five years from the grant date.

About HealthSpace Data Systems Ltd.

 

HealthSpace is an industry leader providing inspection, information and communication management systems for federal, state, county and municipal governments. Over the last decade, the Company has successfully developed both enterprise and mobile internet-based applications currently serving over 300 state and local government organizations across North America. Clients range in size from small county organizations to state-wide systems with over 910 concurrent users, as well as national programs.  HealthSpace specializes in the field of developing, installing, and maintaining inspection and regulatory management systems for environmental and public health organizations.

 

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.

For more information please contact:

 

Ali Hakimzadeh, Chairman

ali@sequoiapartners.ca

1-604-682-4600

 

Peter J. Kletas

PJK & Associates Inc.

peter@pjkandassociates.com

1-866-999-6251