Extenway Solutions Inc.
TSX VENTURE : EY

Extenway Solutions Inc.

April 01, 2015 16:34 ET

Extenway Announces Filing of Financial Statements

MONTREAL, QUEBEC--(Marketwired - April 1, 2015) - Extenway Solutions Inc. ("Extenway" or the "Company") (TSX VENTURE:EY) is pleased to announce the filing of the Company' s financial statements for the quarter ended 31 January 2015, together with the related management discussion and analysis (MD&A). These documents are available at www.sedar.com.

In the three months ended January 31, 2015 Extenway had sales of $ 349,954 and a net loss of $ 1,152, 361. In the three months ended January 31, 2014 Extenway had sales of $ 158,317 and a net loss of $ 1,101,132. In the nine months ended January 31, 2015 Extenway had sales of $ 1,084,433 and a net loss of $ 3,805,066. In the nine months ended January 31, 2014 Extenway had sales of $ 346,233 and a net loss of $ 3,440,666.

John McAllister, President and CEO, stated, "Interested parties are referred to our press release of March 25, 2015 which details our subsequent financing and conversion of debt into equity. We believe those transactions will strengthen the Company going forward."

Correction

Two errors were made in the press release issued by the Company on March 25: the amount of debt converted should have read as follows, $ 9,472,888.94 instead of $ 9,427,888.94. Also, options issued to certain officers were issued at a strike price of 0.13 $ and not $ 0.08 as mentioned in the press release.

About Extenway Solutions Inc.

Extenway Solutions is a supplier of client-focused solutions for the healthcare industry. Services offered by Extenway include interactive television, beside terminals for patients, internet, entertainment, content integration, advertising, education and medical integrated solutions. Extenway allows organizations to optimize management and coordination of human interactions as well as communications, information and coordination. For further information, please visit extenway.com or follow us on Twitter @Extenway.

Disclaimer - Safe Harbour Forward -Looking Statements

Certain statements that appear in this news release constitute forward-looking statements. These forward-looking statements relate to future financial conditions, results of operations or business of Extenway Solutions Inc. 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 involve significant 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. Extenway Solutions Inc. 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.

Neither 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.

Contact Information

  • John McAllister
    President and CEO
    Extenway Solutions Inc.
    (514) 694-1916