H-Source Hires Two New Vice Presidents of Sales

Press Releases |

VANCOUVER, BRITISH COLUMBIA February 3, 2016 – H-Source Holdings Ltd. (CSE: HSI) (the “Company” or “H-Source”) is pleased to announce that Ashlea Souffrou (“Souffrou”) and Cori Hahn (“Hahn”) have joined H-Source, Inc., the Company’s wholly-owned operating subsidiary, as Vice President of Sales, US West and US East, respectively. Both Souffrou and Hahn have extensive sales background in hospital related supply chain, reprocessing, re-sterilization, and consulting services. They will play a key role in building the sales team, growing and servicing customers and developing strategic partnerships nationally.

Murray Walden, President and Director of H-Source states, “We are excited to have them join H-Source. Both Cori and Ashlea have worked extensively in key areas of hospital and ASC (Ambulatory Surgery Center) supply chains and are also very passionate about reducing health care costs and supporting sustainability. They have earned the trust and respect of a significant number of hospitals and surgery centers which we believe H-Source can build on to continue to provide positive solutions.”

Souffrou has spent her career in the medical device industry since 2006, focused on financial, environmental and social sustainability opportunities. She has been acting as Managing Partner for Retegrity Solutions since 2013 and a Sustainability Consultant for E3 Solutions since 2015. Souffrou's career began at Stryker Corporation in various marketing and sales roles.

Hahn comes to H-Source from Retegrity Solutions, which she started and has been a Managing Partner since 2013. Prior to this role, she worked at Midwest Reprocessing Center, developing a sales team focused on cost-savings and eco-friendly initiatives. Hahn started her career in the Medical Device industry 15 years ago as a sales representative and field trainer for Covidien.

“These are two high quality and experienced professionals who share our vision to make a difference in health care and we could not be more pleased that they decided to join us. They will make a positive impact on H-Source immediately,” commented John Kupice, CEO and Director of H-Source.

In addition, the Company granted an aggregate of 600,000 incentive stock options to employees and consultants to purchase up to 600,000 shares in the capital of the Company at an exercise price of $0.15 per share and with a five year term.

About H-Source Holdings Ltd.

H-Source Holdings Ltd. is a technology company operating within the healthcare industry through its wholly owned subsidiary, H-Source, Inc. The Company has developed a transaction platform that provides a private, secure and trusted marketplace for member hospitals to buy, sell and transfer excess inventory supplies and capital equipment with each other. Member hospitals can conduct secure transactions within Integrated Delivery Networks, complete H-Source network or customize their own group hospitals using H-Source’s built-in filters. This marketplace network is specifically designed to reduce health care costs and medical product waste. For more information, please visit http://h-source.com/.

On behalf of the board of directors of H-Source Holdings Ltd.

“John Kupice”

John Kupice

CEO & Director

For further information, please contact:

John Kupice, CEO and Director

H-Source Holdings Ltd.

Telephone: 1-888-900-4549

Email: jkupice@h-source.com


James Beesley

Telephone: 778-389-7715

Email: james@sequoiapartners.ca

CAUTIONARY DISCLAIMER STATEMENT: The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release

This news release contains forward-looking statements relating to the completion of the listing of the Company’s shares on the Canadian Securities Exchange and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of the Canadian Securities Exchange and other risks detailed from time to time in the filings made by the Company with securities regulations.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.

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