VANCOUVER, May 12, 2020
/CNW/ - H-Source Holdings Ltd. (TSX VENTURE:HSI)(OTCQB:HSCHF)
(the "Company" or "H-Source") is pleased to announce
the release of HSource1, its state of the art healthcare
supplies platform, now online in the European Union
(www.hsource1.eu), as part of an overall strategy to improve supply
chain efficiency. The platform is focused on providing a
central location for hospitals, governments, and businesses to
procure highly needed medical supplies including medical surgical
supplies, pharmaceuticals, capital equipment, and Personal
Protective Equipment ("PPE") products for Germany and across Europe. The Company
has partnered with CGL Global ("CGL"), who is procuring verified
sourcing of products as well as providing fully integrated delivery
channels across Europe.
HSource1 is a private network, and all members and
products are vetted by H-Source, increasing the accuracy and
confidence of all participants, including buyers and sellers.
Additionally, H-Source is working jointly with ODOO on the Hsource1
platform. The combined efforts of H-Source's healthcare
focus and CGL Globals' various supply chain relationships,
integrated with ODOO's technical resources, have created a unique
platform to support a variety of solutions for front-line emergency
workers and healthcare professionals during this COVID-19
pandemic.
"We are proud to help and partner with associations and
businesses that fight the COVID-19 crisis. Our new partner H-Source
will have a positive impact by helping hospitals and government
healthcare facilities stay safe during this crisis" commented
Fabien Pinckaers, Founder and CEO of
ODOO.
"We are excited to partner with CGL Global and ODOO to provide
needed medical supplies including (PPE) direct from
manufacturers to help in the fight of COVID-19 in Germany and countries across Europe. We have completed healthcare
transactions globally totaling $12,000,000, and look forward to growing this
with products across Europe,
specifically with this current focus on much needed PPE equipment
to help medical professionals and labor forces stay diligent and
safe during this uncertain period" stated John Kupice CEO/Director
H-Source Holdings, Ltd.
About CGL
Global
CGL Global is a vertically integrated international company focused
in the Healthcare Sector. CGL Global partners with various Research
& Development facilities, Universities, Healthcare
Professionals, Government Agencies and cutting-edge technology
focused Companies to engage in the development and
commercialization of various therapeutic formulations for the
Pharmaceutical & Medicinal sectors, as well as developing
Health and Wellness products using innovative, patent-protected
drug delivery technologies. Our Vision and Mission is focused
on allowing people to live their very best
lives.
About ODOO
Odoo is a leading provider of all-in-one, open-source business
software for businesses worldwide. Founded in 2005, Odoo thrives in
a unique and fully open ecosystem combining the resources of its
community and partners to deliver a full range of easy-to-use,
integrated and scalable business applications. Odoo has offices in
the U.S., Belgium, Luxembourg, India, Hong
Kong, and Dubai. For more
information, please visit: www.odoo.com.
About H-Source Holdings Ltd.
H-Source Holdings Ltd. is a proprietary, patented
technology company operating within the healthcare industry through
its wholly-owned subsidiary, H-Source, Inc. The Company has
developed an advanced technology solutions stack that provides
participating members a private, secure, Software As A Service
("SAAS") platform to engage in the buy, sell, track,
and transfer of medical supplies, pharmaceuticals, capital
equipment, and medical devices. Integrating advanced Artificial
Intelligence ("AI") and Business Intelligence ("BI") enhance the
data analytics for supply chain optimization. The platform is FDA
and DSCSA compliant for pharmaceuticals and GS-1 UDI/GTIN for
devices including serialization, ownership, and custody in
extended modules. Blockchain is offered as an add-on, at an
additional cost, for robust security and traceability.
Additionally, the H-Source platform provides all the accounting and
data allowing buyers and sellers to capture product transactions
and custody movements. This platform is designed to
increase and maximize supply chain efficiency while reducing costs
by moving products directly from manufacturers, providers, and
distributors to businesses or consumers. 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.
