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DragonFly HIX Inc. Selects Q4 Health's QHIX Platform for Their Private Health Exchange(GlobeNewswire Via Acquire Media NewsEdge) ROLLING MEADOWS, Ill., Jan. 29, 2014 (GLOBE NEWSWIRE) -- DragonFly HIX Inc., a marketing and administrative firm located in Jacksonville, Florida, announced today that they have selected QHIX for their private healthcare exchange. QHIX, built by Q4 Health, a division of Q4 Systems Corporation (OTCQB:QFOR), is an industry-leading, cloud-based platform for managing all elements of a private exchange offering. Mark Sizemore, Founder and CEO of DragonFly HIX, stated, "Florida is a large market in need of a private exchange that addresses the needs of its uninsured and under insured. QHIX will allow us to focus our attention on their needs by offering the health insurance policies listed on the public exchange and other ancillary products to address their complete needs. We researched the marketplace and selected QHIX over the other competitors. QHIX provides the flexibility we need for our business model. QHIX will allow us to fully customize the application and include the services that our clients require to address to the changing market as a result of the PPACA (Patient Protection and Affordable Care Act). We have high expectations for QHIX. Our plans are to successfully launch in Florida to over 100,000 new enrollees before years end and expand to Georgia, North Carolina and other states which participate in the Federal Exchange." Robert Steele, Chief Sales and Marketing Officer for Q4 stated, "We are excited to be DragonFly HIX's health exchange partner, and I am confident that our QHIX technology platform will exceed their expectations. The selection of QHIX by DragonFly HIX comes as a very important validation of both the QHIX technology platform and Q4's vision of creating a true marketplace experience in this new era of "regulated retail" for the healthcare, benefits and insurance industries." QHIX manages all elements of a health exchange. With its proprietary Marketplace, individual consumers or employees of companies of all sizes can compare, purchase, enroll and manage capabilities for health insurance needs. Q4 is leading the charge for managing this complex and almost ever changing healthcare landscape. About DragonFly HIX Inc. DragonFly HIX Inc. has a diverse independent insurance and financial service team focused delivering exceptional customer service and value. Headquartered in Jacksonville, Florida, the company will offer Health Insurance, Life Insurance, Disability, Dental and Vision Insurance as well as Health Savings Accounts and Section 125 Plans. For more information, visit www.dragonflyhix.com. About Q4 Systems CorporationQ4 Systems is an IT software company that develops and implements mission-critical cloud-based enterprise systems for both Fortune 500 companies and smaller enterprises. With over 1000 associates spanning multiple countries, Q4 Systems services over 150 companies worldwide. The company is a leading provider of Health Exchange platforms (QHIX) and a proprietary set of SMAC (social media, mobility, analytics and cloud computing) technology solutions to enterprise clients in the Financial Services, Health Care, Retail, Media and Manufacturing sectors. More information about Q4 Systems can be found at http://www.qfor.com. Forward-Looking Statements This release contains forward-looking statements, which are subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in such forward-looking statements. We do not undertake any obligation to release publicly revised or updated forward-looking information, and such information included in this release is based on information currently available and may not be reliable after this date. CONTACT: Androniki Bossonis VP of Marketing Phone: 949.236.6038 Email: [email protected] Investor Relations: Mike Bowdoin RedChip Companies Phone: 800.733.2447, ext. 110 Email: [email protected] Source: Q4 Systems Corporation 2014 GlobeNewswire, Inc. |