/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES/
VANCOUVER, BC, May 18, 2021 /CNW/ - H-Source Holdings Ltd.
("H-Source" or the "Company") (TSXV: HSI) (OTCQB:
HSCHF), an innovative leader in the Software As A Service ("SAAS")
based technology platform seeking to revolutionize the Global
Healthcare procurement, logistics & distribution supply chain,
is delighted to announce that it has successfully completed a major
overhaul and upgrade to its existing software platform.
The complete overhaul includes numerous updates and revisions
including:
- Version 4.x of the platform
- New flexible User Interface ("UI") and navigation tools
- Entity data model enabling supply chain visibility and
security
- New web services added for inventory management and
logistics
- Ability to track ownership and custody
- FDA track and trace and recall integrated throughout the
platform
- Drug Supply Chain Security Act ("DSCSA") 2024 compliant for
serialized pharmaceutical products
- Multi-currency & Multi-language integration
- Search engine no longer database dependant
- Proprietary inventory and logistics web service
applications
- Additional hooks and data for blockchain integration
- Open source report and business intelligence support within the
application
- Additional functionality for de-centralized supply chain and
payment/tokenization methods
John Kupice (CEO of H-Source)
states: "We are extremely pleased with the development and
launching of the enhanced platform. Our programmers and developers
completely re-engineered the architecture to enable distributed
supply chain and logistics functionality with additional
integration tools for other applications, like blockchain and
crypto currency".
John Kupice further comments:
"During the past year, the Covid-19 pandemic forced many companies
to completely reinvent their entire business and operating models.
The consistent request by our trusted partners, suppliers, and GPO
/ Hospital groups is for a secure technology platform enabling new
supply chain relationships and delivery models to increase
efficiency and visibility, reduce costs, and facilitate blockchain
integration. We look forward to the enhanced platform
enabling new revenue lines and our growth strategy in the
United States and globally".
About H-Source Holdings
Ltd.
H-Source Holdings Ltd. is a proprietary, patented
technology company operating within the healthcare industry through
its wholly-owned subsidiaries, H-Source, Inc. and H-Source
Distribution-US, Inc. The Company has developed an advanced
technology solutions stack that provides a private, secure,
SAAS platform designed to increase and maximize supply chain
efficiency while reducing costs by moving products for
participating members acquiring or exchanging medical supplies,
pharmaceuticals, capital equipment, and medical devices. The latest
version of the platform includes logistics and warehouse support
for internal asset tracking, stockpiles, warehouses, and product
movement and the ability to integrate other inventory optimization
tools. Blockchain is offered as an add-on, at an additional cost,
for increased functionality, security and traceability. This
enhances our decentralized purchasing and payment capabilities for
all members of the platform. The Blockchain gives additional
visibility into ownership and custody of products for the entities
participating in the Virtual Purchasing Organization ("VPO")
enabling members to purchase directly from manufacturers,
providers, and distributors to businesses or consumers. This
increases supply chain visibility, cost reductions and efficiency.
We have integrated business intelligence tools and machine learning
to enhance the data analytics for supply chain optimization. The
platform also performs FDA track and trace and recall functions and
is DSCSA 2024 compliant including serialized pharmaceuticals.
Additionally, the H-Source platform provides all the accounting and
backend services for entities buying and selling on the
platform. For more information,
please visit http://h-source.com/.
On behalf of the board of directors of H-Source Holdings
Ltd.
John Kupice
CEO & Director
CAUTIONARY DISCLAIMER STATEMENT: The TSXV 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 TSXV 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 TSXV 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.
SOURCE H-Source Holdings Ltd.
