Extenway Solutions Inc.

Extenway Solutions Inc.

September 27, 2007 12:24 ET

Extenway Solutions Inc. Announces Filing of Financial Statements

MONTREAL, QUEBEC--(Marketwire - Sept. 27, 2007) - Extenway Solutions Inc. (TSX VENTURE:EY) Is pleased to announce the filing of the company' s financial statements for the quarter ended 31 July 2007, together with the related management discussion and analysis, (MD&A), These documents are available at www.sedar.com.

In the three months ended July 31, 2007 Extenway had sales of $26,274, a net loss of $433,411.In the three months ended July 31, 2006 the company had sales of $24,776 and a net loss of $517,562.

Mr. John McAllister, President and CEO, stated, "Subsequent to the end of the quarter we completed our equity financing, converting $1.5 million in liabilities into equity and privately placing $0.5 million in new equity, and are currently installing the Legendary hotel property in Florida which will provide our first US reference site."

About Extenway Solutions Inc.

Extenway is a provider of guest-centric solutions for the Hospitality industry that help clients differentiate their properties and services by improving the quality of their guest experience. Extenway solutions allow hospitality organizations to intelligently manage and coordinate all in-room guest interactions with key sales and marketing initiatives. 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)