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Bullboard - Stock Discussion Forum HS Govtech Solutions Inc HDSLF

HS Govtech Solutions Inc. is a Canada-based software-as-a-service company. The Company's principal business activity is the development and sale of information and communication management systems for health inspection departments of federal, provincial, state, and municipal governments in Canada and the United States of America. The Company is focused on providing an efficient data and... see more

OTCQB:HDSLF - Post Discussion

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Post by freedom45 on Jun 12, 2020 8:32am

news

VANCOUVER, BCJune 12, 2020 /CNW/ - HealthSpace Data Systems Ltd. (the "Company" or "HealthSpace") (CSE: HS) (Frankfurt: 38H) (OTC: HDSLF) is pleased to announce it has signed a contract with Mecklenburg County Health Department in North Carolina to use HSCloud Suite for Contact Tracing and managing its Onsite Program. HealthSpace signed the contract on June 10th which is worth US $157,800 over the next five years. This is the first paid contract to be signed with the use of contact tracing included as part of the package.

HealthSpace Data Systems Ltd. (CNW Group/HealthSpace Data)

The Company also announces it has begun working with Montgomery County, OHSanta Cruz County, AZ, and McDonough and Schuyler counties in Illinois to utilize the Company's HSCloud Suite platform for COVID-19 contact tracing. The Company provided access to these counties on June 10thJune 6th and May 25th, respectively. HealthSpace is providing use of the platform on a gratis basis for the duration of the COVID-19 pandemic.

HealthSpace CEO, Silas Garrison commented "As we continue to grow our sales pipeline, we are finding that contact tracing is becoming a valuable asset in securing deals and helping them close.  Several agencies are working to garner funds through federal grants to purchase just our contact tracing platform. Not only that, there are other agencies already in the pipeline now working to expedite the sales process in order to begin using HSCloud Suite for contact tracing, amongst other regulatory activities. Mecklenburg County was in our sales pipeline to purchase HSCloud for use in their onsite sewage and well program. However, contract processing started to slow as the COVID-19 pandemic hit. By adding our contact tracing platform to their existing quote, we were able to close the sale faster at a higher than previously quoted price."

HealthSpace Data Systems Ltd.

HealthSpace is a government Software as a Service (SaaS) company focused on providing efficiencies to state and local government agencies through its powerful enterprise cloud and mobile platform. Over the last decade, HealthSpace has successfully developed both cloud and mobile applications currently serving over 500 state and local government organizations across North America. HealthSpace offers one of the only self-serve enterprise suites for government, providing greater power to the end-user. 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.

Comment by Abito on Jun 16, 2020 4:44am
HealthSpace is providing use of the platform on a gratis basis for the duration of the COVID-19 pandemic. What the point of that? So what happens when the pandemic is over. All these accounts that is receiving free use just got a free ride. Should be making money through this not giving it away for free,especially dealing with governments who throw our money around like nothing..no wonder we are ...more  
Comment by Abito on Jun 16, 2020 1:36pm
I was thinking about buying more a while back because they are actually a real company and have some revenue which is much better then most tech stocks but giving things away for free has put up red flags for me. But all this free use sounds like desperation. So much competition out there. Hope they prove me wrong
Comment by jolanta12 on Jun 16, 2020 1:47pm
Take under consideration that buy out is very possible in this new covid economy !!! Hs is a very attractive chunk for other companies. And CEO is already known from developing comanies which were bought up by sharks !!! :))))
Comment by wj on Jun 16, 2020 7:55pm
Mecklenburg Department of Health was a paid contract. You need a little cheese to attract the mice. Silas has said on more than one occasion that the contact tracing component has opened so many doors and it has sped up contract talks . wj
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