Director Brings Significant Public Company and Board Leadership Experience as Company Prepares to Uplist to OTCQB
NEWPORT BEACH, Calif., July 16, 2018 /PRNewswire/ — ORHub, Inc. (OTC: ORHB) (the “Company”), a HIPAA compliant, physician-driven digital software company focused on improving profitability and the cost effectiveness of hospitals through real-time smart data and analytics, today announces that ORHub has appointed Stephen Cochennet as the Company’s Chairman of the Audit Committee and new independent member to the Board of Directors, effective immediately.
“Our Board is pleased to add Stephen Cochennet as Chairman of the Audit Committee and new independent director who will contribute a wealth of experience in private and public companies including some leading companies in their industries,” said Colt Melby, Chairman and Chief Executive Officer of ORHub. “Among many attributes, Stephen will enhance our governance standards and play a vital role in financial reporting oversight and disclosure as we advance our plans to uplist to the OTCQB. As we have recently announced, we completed our two-year financial audit and look for Stephen to take a leadership role in achieving our next corporate milestone.”
Mr. Cochennet is currently the Chief Executive Officer and President of Kansas Resource Development Company, which he founded in 2011. He currently also serves on the Board of CUI Global, effective January 2018, and is an advisor to Fiduciary Benchmarks. From 2011 to 2015, Mr. Cochennet was the Chief Executive Officer and President of Guardian 8 Corporation. From 2006 to 2010, Mr. Cochennet was Chairman, President and Chief Executive Officer of EnerJex Resources, Inc., a publicly traded and reporting oil and gas company. Prior to joining EnerJex, he was President of CSC Group, LLC where he advised Fortune 500 international companies in strategic planning, capital formation, corporate development and transaction structuring. From 1985 to 2001, Mr. Cochennet held several executive positions with UtiliCorp United Inc. (Aquila) including finance, operations, administration, corporate development, marketing and initiation of new startup subsidiaries. During this tenure, UtiliCorp/Aquila grew from a small regional utility to a Fortune 50 company with a market cap in excess of $3 billion. Mr. Cochennet graduated from the University of Nebraska with a B.A. in Finance and Economics.
About ORHub, Inc.
ORHub, born from the Microsoft for Start-Ups program, is HIPAA-compliant advanced surgical software provider focused on Revolutionizing the Business of Surgery™ through the foundation of electronic data capture at the point-of- surgical care to improve workflow, simplify work processes and access real-time data intelligence. The Company’s suite of products serves the needs of the health care industry including providers, patients, the government and the medical device vendors. ORHub provides a cloud-based software solution that captures information before, during and after surgery, filling a void in the current surgical information infrastructure and providing the first process to capture and measure the surgical process — evolving Big Data into Intelligent Digital Data.
Hospitals and surgeons can make real-time, data-driven decisions to improve business profitability and the quality of patient care. This innovative technology results in hospitals understanding costs and identifying areas of cost reductions, as well as results in increased accountability, automatic creation of comprehensive anatomic implant registries, real-time analytics, improved efficiencies, and compliance with existing government regulations. ORHub has offices in Tempe, Arizona; Southern California; Bellevue, Washington; and Jacksonville, Florida.
To view a previously released Microsoft Case Study on HOI and ORHub visit:
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be attained. Such statements are inherently uncertain, and actual results and activities may differ materially from those estimated or projected. Certain factors that can affect the Company’s ability to achieve its anticipated results include, among others, uncertainties inherent in the development of a new software product business.