Mr. Chris Cosgrove reports

COMPREHENSIVE HEALTHCARE SYSTEMS WINS TEAMSTERS UNION BENEFITS ADMINISTRATION CONTRACT

Comprehensive Healthcare Systems Inc. has signed a new five-year agreement with the Teamsters Local 237 Welfare and Retirees Benefit Fund, one of the largest Teamsters-affiliated benefit organizations in the United States.

The agreement further expands Comprehensive Healthcare's presence within the Taft-Hartley and multiemployer benefits market and represents the third new five-year contract signed by the company over the past six months. Collectively, these three agreements represent approximately $12.1-million (U.S.) (approximately $17-million) in total contract value.

When implemented, these agreements are expected to collectively generate, on average, additional revenue of approximately $2.4-million (U.S.) (approximately $3.36-million) per year over the duration of the contracts.

Following the signing of the Teamsters Local 237 agreement, Comprehensive Healthcare's estimated value of signed contracts with all existing clients, or its order book, now stands at approximately $27-million (U.S.) (approximately $38-million).

"This agreement reflects the growing demand for modern administration technology among union-sponsored health and retirement plans," said Chris Cosgrove, chief executive officer of Comprehensive Healthcare Systems. "Teamsters Local 237 is a highly respected organization serving tens of thousands of members and retirees, and we believe this partnership further validates the strength of our Novus360 platform."

Under the agreement, Comprehensive Healthcare will deploy its Novus360 cloud-based administration platform to support health care benefits and retirement administration functions, providing enhanced automation, workflow management, compliance oversight, reporting and member services capabilities.

Teamsters Local 237 is one of the largest Teamsters local union in the United States, representing approximately 25,000 active members and more than 7,000 retirees across New York City municipal agencies, public-sector organizations, health care institutions, educational facilities and related public services.

The Teamsters agreement is strategically significant for CHS as it establishes an important reference client within the broader Teamsters ecosystem. The International Brotherhood of Teamsters represents approximately 1.3 million members across the United States and Canada. Comprehensive Healthcare's management team believes that successful implementation of the Novus360 platform positions Comprehensive Healthcare to pursue additional opportunities among Teamsters-affiliated health, welfare, pension and retirement funds.

"The market opportunity for CHS continues to expand as unions, benefit funds and third party administrators modernize aging technology infrastructure," said Mr. Cosgrove. "Many organizations are seeking to reduce administrative complexity while improving service levels and regulatory oversight. We believe CHS is uniquely positioned to capitalize on these trends through our integrated Novus360 platform, and we continue to anticipate strong demand from both existing relationships and new inbound opportunities."

As one of a select group of providers offering fully integrated healthcare and pension benefits administration solutions, Comprehensive Healthcare continues to benefit from favourable industry tailwinds and growing demand for scalable cloud-based administration platforms.

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-services (SaaS) company focused on digitizing health care with Healthcare Benefits Administration solutions, providing reliable and high-volume transaction-capable systems. The company's state-of-the-art Novus 360 Healthcare 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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