TORONTO, ON--(Marketwired - May 09, 2017) - VITALHUB CORP. VHI (the "Company" or "Vitalhub"), is pleased to announce that the Company will hold its Annual and Special Meeting of Shareholders on June 29, 2017 at 10:00 AM (EST) (the "Meeting") at 320 Bay Street, Suite 1600, Toronto, Ontario, M5H 4A6.

Matters to be considered at the Meeting include standard items such as presentation of the Company's financial statements for the fiscal year ended December 31, 2016, the election of directors for the ensuring year, and the re-appointment of the Company's auditors.

In addition, the Company will present at the Meeting for shareholder approval a share consolidation proposal. Pursuant to the share consolidation, the Company will consolidate all of its issued and outstanding common shares on a four-to-one (4-to-1) basis, such that every four (4) existing common shares will be consolidated into one (1) new common share. There will be no change to the terms of the common shares. Based on the number of shares currently issued and outstanding, completion of the share consolidation would result in the Company having 8,606,111 common shares issued and outstanding, as opposed to 34,424,444 currently.

"A key component of our growth strategy is to acquire accretive healthcare software companies, where strong and visible value can be built for our shareholders, and we have multiple transactions already in play or on the radar. The proposed share consolidation forms part of the foundation for execution on that strategy, by assisting in the optimization of our capital structure going forward," stated Dan Matlow, CEO of Vitalhub.

About Vitalhub

Vitalhub was incorporated on February 24, 2010 under the Business Corporations Act (Ontario). Vitalhub offers a mobile application that provides medical professionals with comprehensive, relevant patient information at the point of care on a wide range of mobile devices. Vitalhub's proprietary server technology and suite of intuitive applications retrieve and aggregate patient data from multiple disparate clinical information systems and display it in a single, unified view on a mobile device.

Cautionary Statements

This press release includes forward-looking statements regarding the Corporation and its business, which may include, but is not limited to, statements with respect to the appointment of a new directors. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements are based on the current expectations of the management of each entity, and are based on assumptions and subject to risks and uncertainties. Although the management of each entity believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this release, including the share consolidation proposal, may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the companies, including risks regarding the technology industry, failure to obtain regulatory or shareholder approvals, market conditions, economic factors, the equity markets generally and risks associated with growth and competition. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Corporation undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Neither the 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.