Extenway Solutions Inc.

Extenway Solutions Inc.

November 26, 2008 15:16 ET

Extenway: Grant of Options to Directors and Officers

MONTREAL, QUEBEC--(Marketwire - Nov. 26, 2008) - Extenway Solutions inc. ("Extenway" or the "Corporation") (TSX VENTURE:EY) announces that pursuant to the Stock options plan approved by the shareholders at the last shareholders meeting held on November 6, 2008 (the "Plan"), Mario Pelletier, a consultant and an officer of the Corporation, has been granted options allowing the subscription of a maximum of 900,000 Common Shares of the Corporation, at a price of $ 0,10 per Share. The expiry date of these options is November 6, 2013.

Also, the directors of Extenway (Messrs Richard Laferriere, John McAllister and Lorne Zakaib as well as Mrs Carolyne Lassonde) and Mr David Brown, Chief financial officer of Extenway, have been granted options allowing them to subscribe a maximum of 1,400,000 Common Shares of the Corporation, at a price of subscription of $ 0,10 per Share. With the exception of one officer, to whom a salary is paid, the grant of these 1,400,000 options to its directors and officers constitutes the sole remuneration for their work in this quality at Extenway. The expiry date of these options is November 21, 2013.

After the grant of these options as a whole, 2,739,300 Common Shares are available for issuance under the Plan.

About Extenway Solutions Inc.

Extenway is a trusted provider of media, connectivity and communications solutions serving the hospitality and healthcare industries. The company's services include Interactive Television Solutions, Bedside Terminal Solutions, as well as Internet, entertainment, Content, Marketing, Advertising Media, Education and Integration Solutions. Extenway enables guest-centric organizations get connected, informed and entertained. For more information, visit www.extenway.com.

Disclaimer - Safe Harbour Forward -Looking Statements

Certain statements contained in this press release constitute forward-looking statements. These forward-looking statements relate to the future financial conditions, results of operations or business of the Company. These statements may be current expectations and estimates about the markets in which Extenway Solutions Inc. operates and management's beliefs and assumptions regarding these markets. These statements are subject to important risks and uncertainties which are difficult to predict and assumptions which may prove to be inaccurate. The results or events predicted in forward-looking statements may differ materially from actual results or events. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. In particular, forward-looking statements do not reflect the potential impact of any merger, acquisitions or other business combinations or divestitures that may be announced or completed after such statements are made.

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Extenway Solutions Inc.
    Mr. John McAllister
    President and CEO
    514-694-4280 (FAX)