VANCOUVER, British Columbia, March 27, 2023 (GLOBE NEWSWIRE) -- CloudMD Software & Services Inc. (TSXV: DOC, OTCQX: DOCRF, Frankfurt: 6PH) (the “Company” or “CloudMD”), an innovative health solutions company transforming the delivery of care, announced the appointment of Bram Lowsky as Executive Vice President, Head of Health and Wellness Services at CloudMD. In this role Bram will be focused on continuing to deliver high quality health and wellness services with exceptional member experience and strong clinical outcomes.

“I am very pleased to welcome Bram to our executive leadership team,” said Karen Adams, CEO of CloudMD. “This is a pivotal time at CloudMD as we begin to scale our operations to serve a fast-growing customer base. The success of our strategic roadmap relies on our ability to effectively scale service delivery while maintaining high member engagement to empower individuals to lead happier, healthier, and more productive lives. Bram will drive a culture that puts both customer experience and clinical outcomes at the forefront. Under Bram’s leadership, we will accelerate our strategy of leveraging healthcare navigation to ensure personalized and connected care.”

Bram commented, “I am inspired by CloudMD’s strategic vision which focuses on whole person care by supporting mental, physical and occupational health issues through a connected network of healthcare professionals. I’ve built my career helping businesses across the talent lifecycle with the goal of empowering employees to manage both their health and careers. CloudMD has the solution for the next evolution in employee lifecycle management, their integrated program, Kii, addresses the employees' health in a unified manner. HR leaders today understand that organizational resilience is a key driver of productivity and that helping their employees to be healthy and happy is essential in achieving this.”

Bram has over 20 years of experience where he has demonstrated his ability to transform organizations in the delivery of health, wellness, and change management services. He has delivered record revenue growth and profitability gains at multiple companies and is recognized as being an industry leader in increasing employee productivity. His entrepreneurial spirit shines through in his work building and empowering teams to deliver measurable results. He recently held executive leadership roles at Randstad RiseSmart, and Ceridian

Bram will work with the executive team to ensure CloudMD delivers on its purpose of empowering healthier lives and will report directly to Karen Adams, CEO of CloudMD.

About CloudMD Software & Services

CloudMD is an innovative North American healthcare service provider focused on empowering healthier living by combining leading edge technology with an exceptional national network of healthcare professionals. Every day, our employees and health care providers live our values of deliver excellence, collaboration, connected communication and accountability to solve complex health problems. CloudMD’ s industry leading workplace health and wellbeing solution, Kii, supports members and their families with a personalized and connected healthcare experience across mental, physical and occupation health. Kii delivers superior clinical health outcomes, consistent high engagement, and measurable ROI 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 healthcare service providers to empower them to deliver better care. Visit www.cloudmd.com to learn more about the Company’s comprehensive healthcare offerings.

ON BEHALF OF THE BOARD OF DIRECTORS

“Karen Adams”
Chief Executive Officer

FOR ADDITIONAL INFORMATION, CONTACT:

Investor Relations

Investors@cloudmd.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities laws, including statements about the Company’s growth strategy and profitability. These statements are based upon information currently available to CloudMD’s management. All information that is not clearly historical in nature may constitute forward‐looking statements. In some cases, forward‐looking statements may be identified by the use of terms such as “forecast”, “assumption” and other similar expressions or future or conditional terms such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will”, “would”, and “should”. Forward-looking statements contained in this news release are based on certain factors and assumptions made by management of CloudMD based on their current expectations, estimates, projections, assumptions and beliefs regarding their business and CloudMD does not provide any assurance that actual results will meet management’s expectations. While management considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Such forward‐looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties and other factors, including those risks described in the Company’s MD&A (which is filed under the Company’s issuer profile on SEDAR and can be accessed at www.sedar.com), that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward‐looking statements. Although CloudMD has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward‐looking statements, other factors may cause actions, events or results to be different than anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such forward‐looking statements. Accordingly, readers should not place undue reliance on forward‐looking information. CloudMD does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.