Calgary, Alberta--(Newsfile Corp. - March 13, 2026) - Comprehensive Healthcare Systems Inc. (TSXV: CHS) (the "Company" or "CHS"), an industry leader in healthcare benefits administration software and services, announces that it will be extending its non-brokered private placement (the "Offering"), previously announced on January 8, 2026 and upsized on January 26, 2026, of an aggregate of:

• up to 7,000,000 units ("Units") at a price of $0.50 per Unit for gross proceeds of up to $3.5 million; plus

• up to an additional 4,038,462 Units at a price of $0.52 per Unit for gross proceeds of up to $2.1 million,

for an additional 30 days, until April 13, 2026. The Company closed a first tranche of the Offering on February 10, 2026, issuing all 7,000,000 of the $0.50 Units (see news release dated February 12, 2026). The extension of the Offering, in respect of the additional $0.52 Units, will allow the Company to accommodate a subscription by its controlling shareholder, who is based overseas and must follow certain processes in order to further participate in the Offering.

Each Unit is comprised of one common share ("Shares") of the Company and one-half of a warrant, with each whole warrant ("Warrants") being exercisable to purchase one common share of the Company at an exercise price of $1.00 for a period of three years after closing.

Completion of the Offering will be subject to customary closing conditions, including the receipt of all necessary approvals including that of the TSX Venture Exchange (the "Exchange"). All securities issued will be subject to hold periods under applicable securities laws. The Company may pay finder fees on the Offering in compliance with applicable laws and subject to Exchange approval.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Comprehensive Healthcare Systems Inc.

Comprehensive Healthcare Systems Inc. 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 healthcare 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 healthcare benefits administration (including self-funded employers, providers, and labor unions), providing healthcare administrative software and technology-enabled services.

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.

This release may include certain statements and information that constitute forward-looking statements and information ("FLSI") within the meaning of applicable Canadian securities laws. FLSI relates to future events and circumstances which are believed or expected by management. Anything that is not historical fact is FLSI. Generally, FLSI can be identified by the use of forward-looking terminology such as "plans", "intends", "anticipates", "believes", "expects" and similar words and phrases, and statements that certain actions, events or circumstances "may", "might", "could", "should" or "would" occur or otherwise exist. FLSI is not historical fact, and is made as of the date hereof and based on numerous assumptions and subject to foreseeable and unforeseeable risks and uncertainties, the nature of which can cause actual results to differ materially from results indicated or suggested in FLSI. Although management has attempted to use reasonable assumptions and identify and evaluate important factors that could cause actual results to differ materially from results indicated or suggested in FLSI, there can be no assurances that such assumptions will prove to be accurate or that additional risks, uncertainties and other factors may cause results to be not as planned, intended or anticipated. Accordingly, there can be no assurances that FLSI will prove to be accurate and readers should not place undue reliance on FLSI, and are further cautioned that reliance on FLSI herein may not be appropriate for other purposes. Any FLSI is made as at the date hereof, and the Company does not undertake to update any FLSI expressed or incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

NOT FOR DISTRIBUTION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288571

Source: Comprehensive Healthcare Systems Inc.