Mr. Ali Hakimzadeh reports

HEALTHSPACE WELCOMES STEVEN LEE TO THE ADVISORY BOARD AND GRANTS OPTIONS

Steven Lee has joined the advisory board of HealthSpace Data Systems Ltd.

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 (software as a service) company with a staff size of 160, Mr. Lee successfully secured the company's first financing (plus $10-million), led the M&A (mergers and acquisitions) process of multiple U.S.-based companies, oversaw a 300-per-cent growth in revenue and a 400-per-cent increase in staff with expansion into the United Kingdom and United States, while providing strategic advice to the chief executive officer and board of advisers. Mr. Lee was also an early employee of Slack Technologies, touted as the fastest company to reach a $1-billion 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 U.S. 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 Jan. 11, 2017) has been appointed as chair of the advisory board.

Mr. 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 eight cents per common share for a period of five years from the grant date.

About HealthSpace Data Systems

HealthSpace is an industry leader providing inspection, information and communication management systems for federal, state, county and municipal governments. HealthSpace specializes in the field of developing, installing and maintaining inspection and regulatory management systems for environmental and public health organizations.

We seek Safe Harbor.