Mr. Chris Cosgrove reports

COMPREHENSIVE HEALTHCARE SYSTEMS INC. PROVIDES CORPORATE UPDATE

Comprehensive Healthcare Systems Inc. has provided its company update for Q3.

Comprehensive Healthcare Systems has provided an update on the business ending Sept. 30, 2023.

One of the company's main overarching initiatives has been to deliver on its pathway to profitability. To that affect, the company has rolled out its new strategy for improving operations and client support while streamlining its cost structure, allowing the company to accelerate its delivery and support model. This model will allow Comprehensive to create better speed to value for its clients, higher level of satisfaction along with reducing costs. This strategy is designed to allow Comprehensive to maintain and increase its competitive advantage in the market. The company is pleased to report that it has achieved significant cost reduction in its operations and will continue to work toward an operational profitability status by end of year 2023.

The company will continue to implement and expand on this strategy through the end of Q4, while continuing to invest in initiatives, resources and strategies that will support its long-term path to profitability goal.

"One major operational restructuring that has occurred in Q3 has been the migration of all third party vendors that support development and implementation of its software to an in-house employed model. This model allows CHS to operate in a more co-ordinated and seamless way, providing better service and communication with our clients. The company has already found that this is improving productivity while driving down costs through accelerated delivery and better utilization of its resources. This has not come without its challenges, the company still needs liquidity and more capital to grow, but we are pleased to say that by the end of Q4 the operational transition will be successfully completed."

The company continues to build a strong sales pipeline and believes that its value proposition continues to resonate strongly with prospective clients. Comprehensive chief executive officer Chris Cosgrove commented that new sales, along with an improved delivery methodology, will allow the company to enjoy a higher level of client satisfaction and growth. The company believes that the software platform it provides is a critical and essential platform for health care benefits administration. Comprehensive is only one of few vendors that can service health care funds supporting multiple employers and that provides the company a strategic advantage.

Comprehensive also remains focused on an inorganic growth strategy, focusing on growing through acquisitions within the third party administration (TPA) market. These acquisitions have the potential to add solutions, capabilities, talent and a larger client base which will stimulate additional growth for the organization.

The company also announces the resignation of Mariam Cather as an officer and a board director. Her resignation was accepted, effective Sept. 30, 2023. Ms. Cather will continue to work with the company in a consulting capacity.

About Comprehensive Healthcare Systems Inc.

Comprehensive Healthcare Systems is a corporation incorporated under the laws of the Province of Alberta and is the parent company of Comprehensive Healthcare Systems Inc. (Delaware). The company is a vertically integrated software-as-a-service (SaaS) company focused on digitizing health care with health care benefits administration solutions, providing reliable and high-volume transaction capable systems. The company's state-of-the-art Novus 360 health care welfare and benefits administration (HWBA) SaaS platform is used by clients for all aspects of health care benefits administration (including self-financed employers, providers and labour unions), providing health care administrative software and technology-enabled services.

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