Extenway Solutions Inc.

Extenway Solutions Inc.

December 01, 2009 08:48 ET

Extenway: Confirmation of the Execution of a Financing Offer Permitting the Beginning of the Work at the Jewish Reabilitation Hospital in Laval

MONTREAL, QUEBEC--(Marketwire - Dec. 1, 2009) - Following the press release issued in last March, Extenway Solutions inc. ("Extenway") (TSX VENTURE:EY) is pleased to announce that its subsidiary newly formed, Extenway Solutions JRH inc. (the "Subsidiary") has accepted a financing offer from Caisse Desjardins ("Desjardins") in order to allow it to proceed with the installation of the bedside interactive patient media solution at the Jewish Rehabilitation Hospital ("JRH") in Laval.

The offer of Desjardins, in the form of a loan of one million three hundred fifty dollars, is subject to the usual conditions for this type of transaction including the setting up of a first ranking security. Extenway intervened to the financing offer to act as a guarantor of the Subsidiary's obligations.

"We are very pleased that Desjardins believes in our bedside interactive patient media solution and has offered a financial support to Extenway" said John McAllister, Chief Executive Officer of Extenway.

About Extenway Solutions Inc.

Extenway is a trusted provider of media, connectivity and communications solutions serving the healthcare and hospitality 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.

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

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