Ms. Karen Adams reports

CLOUDMD COMPLETES GO-PRIVATE TRANSACTION WITH CPS CAPITAL

CloudMD Software & Services Inc. has completed the previously announced go-private transaction, pursuant to which, among other things, CPS Capital (through an affiliate) acquired all of the issued and outstanding common shares of CloudMD by way of a court-approved plan of arrangement. Pursuant to the transaction, CloudMD shareholders are entitled to receive a cash payment of four cents per share.

The shares are expected to be delisted from the TSX Venture Exchange after the end of trading on July 10, 2024. CPS Capital intends to cause CloudMD to submit an application to cease to be a reporting issuer under applicable Canadian securities laws.

About CloudMD Software & Services Inc.

CloudMD is an innovative North American health care service provider focused on empowering healthier living by combining leading-edge technology with an exceptional national network of health care professionals. Every day, its employees and health care providers live its values of delivering excellence, collaboration, connected communication and accountability to solve complex health problems. CloudMD's industry leading workplace health and well-being solution, Kii, supports members and their families with a personalized and connected health care experience across mental, physical and occupation health. Kii delivers superior clinical health outcomes, consistent high engagement and measurable return on investment for payers such as employers, educational institutions, associations, government and insurers. CloudMD is also a market leader in workplace absence management through data-driven prevention, intervention and return to work programs.

In addition, the company sells health and productivity tools to hospitals, clinics and other health care service providers to empower them to deliver better care.

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