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Enter Symbol
or Name
USA
CA



Certive Solutions Inc
Symbol CBP
Shares Issued 40,662,810
Close 2015-07-29 C$ 0.14
Market Cap C$ 5,692,793
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Certive Solutions appoints seven to new advisory board

2015-07-30 09:37 ET - News Release

Mr. Van Potter reports

CERTIVE SOLUTIONS INC. ANNOUNCES ADVISORY COUNCIL

Certive Solutions Inc. has established an advisory council, the purpose of which will be to provide direction, guidance and special project-based support to management in the design and implementation of business strategies aimed at creating overall near- and long-term enterprise value as a leading provider of technology-enabled revenue cycle management services to U.S. providers including hospitals, physicians, ambulatory care facilities and laboratories. The company's mission is to demonstrate through execution, operational excellence in identifying, billing and collecting missed charges through an audit and collection process that blends unique technologies and workflow tools together, thus providing usable billing-related information and enhancing integrated collection results for its customers.

The advisory council was formed specifically to assist management and the board of directors in determining the best strategies to effect growth in an ever-changing U.S. health care market. Dr. Arthur Pelburg, an internal medicine specialist, served as the president and chief medical officer of Schaller Anderson from 1999 to 2007 and brings to the company rich clinical and senior-level health care operations experience. Other domain expertise on the advisory council include Fred Hatfield, formerly chief executive officer and chief operating officer of Aetna Medicaid and head of acquisition integration for Schaller Anderson, Tim Hyland, former chief financial officer of Schaller Anderson, and Tom Marreel, formerly senior vice-president of Schaller Anderson. Steve Schramm is founder of Optumas, an actuarial analysis organization for large health care purchasers. Mr. Schramm's background brings to Certive the knowledge to design predictive analytics toolsets to provide the company's customers with meaningful information sourced from vast quantities of disparate data.

Additionally, management and the board welcome two additional members to the advisory council.

Charlotte Jacobs is a senior advisory strategy client executive with Cerner, a leader in health information management. Ms. Jacobs brings to Certive a unique perspective on the dynamics of U.S. health care reform and its impact upon companies such as Certive.

Jeffrey Benton is currently the managing director of Fairfield Investment Group, a hedge fund specializing in market structure arbitrage and volatility strategies. Mr. Benton brings to the advisory council years of experience in the translation of business operating strategies to investment information and tools that will, in Certive's case, serve to better enable effective investor relations communications. Mr. Benton is a distinguished and highly regarded member of the U.S. investment community, having served on a number of New York Stock Exchange committees over the years. Mr. Benton is a former governor of the New York Stock Exchange.

Members of the advisory council have all invested in Certive and are committed to assisting in charting our course through growth by acquisition and organically. Advisory council members will be granted stock options and will individually be engaged on special projects, targeted at their unique expertise around which compensation programs will be designed. The advisory council will meet formally four times annually and informally on a regular basis.

Van Potter, CEO, commented: "The calibre of the membership in our advisory council is exceptional for a company such as Certive. We feel particularly fortunate to have the pleasure of working with such a highly credentialed group of people who will, without doubt, be of immense value in shaping our growth over the coming months and years to come."

Brian Cameron, chief financial officer, commented, "The experience of each member of the advisory council will provide direction, guidance and execution skills that most definitely will assure our success as we strive to gain market footprint within U.S. hospitals and use our technologies to improve revenue cycle performance for our customers."

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