Extenway Solutions Inc.
TSX VENTURE : EY

Extenway Solutions Inc.

November 08, 2011 15:22 ET

Extenway Appoints Jacky Chatelais as President of Its Subsidiary Extenway MD Inc.

MONTREAL, QUEBEC--(Marketwire - Nov. 8, 2011) - The board of directors of Extenway Solutions Inc. ("Extenway") (TSX VENTURE:EY) is delighted to announce the appointment of Jacky Chatelais as President of Extenway MD Inc., the subsidiary of Extenway dedicated to the installation of bedside terminals and multimedia solutions in hospitals. Mr. Chatelais will also continue to act as Vice-President, Operations of Extenway.

"We are very pleased that Mr. Chatelais has accepted to take on the leadership of our subsidiary and make his expertise available to our precious customers", said John McAllister, CEO of Extenway.

In accordance with Extenway's stock option plan, Mr. Chatelais has been granted options allowing him to acquire a maximum of 300,000 common shares of the Corporation at an exercise price of $0.145 per share. The expiry date of these options is October 25, 2016.

Extenway growing fast

Last September, Extenway completed the implementation of new services at the Jewish Rehabilitation Hospital of Laval, adding internet radio, video conferencing, and a number of new games to its terminals. A survey of terminal users at the Health Institute found that 95% of patients are satisfied with the technology and with its content in terms of both information and entertainment.

At the CSSS Deux-Montagnes, meanwhile, patients, including those in waiting rooms, will be able to benefit from the multimedia offering of Extenway's terminals from February 2012.

About Extenway Solutions Inc.

Based in Baie d'Urfé in Montreal area, Extenway Solutions (TSX Venture Exchange: EY) provides technology solutions to the hospitality and healthcare sectors. Among the services offered by Extenway are interactive televisions, bedside patient terminals, Internet, entertainment, content integration, advertising, education, and integrated solutions. Extenway allows organizations to optimize the way they manage and coordinate interactions in the areas of communications, information and entertainment.

For more details, go to 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.

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
    Chief Executive Officer
    Extenway Solutions Inc.
    514 694-1916

    Alexandra Graveline
    Zone franche
    514 317-5715, extension 203
    agraveline@zonefranche.ca