Extenway Solutions Inc.

Extenway Solutions Inc.

December 29, 2014 15:54 ET

Extenway Releases Financial Statements

MONTREAL, QUEBEC--(Marketwired - Dec. 29, 2014) - Extenway Solutions Inc. ("Extenway") (TSX VENTURE:EY) is pleased to announce the filing of the company' s financial statements for the quarter and six months ended October 31, 2014, together with the related management discussion and analysis, (MD&A). These documents are available at www.sedar.com.

In the three months ended October 31, 2014 Extenway had sales of $ 261,510 and a net loss of $ 1,357,598 compared to sales of $ 95,877 and a net loss of $ 1,262,711 in the same period of the prior year. In the six months ended October 31, 2013 the company had sales of $ 734,479 and a net loss of $ 2,652,705 compared to sales of $ 187,916 and a net loss of $ 2,339,534.

On December 23rd 2014, Extenway announced the closing of a private placement of 6,250,000 common shares for gross proceeds of $500,000 and the reception of letters of intent and written expression of interest from additional accredited investors to complete a second tranche of the private placement on or about the end of January 2015 (Please see the integral text of the press release dated December 23, 2014).

Mr. John McAllister, President and CEO, stated "During the second quarter Extenway announced it had been selected to provide services at the Verdun, IUCPQ and Charles Lemoyne hospitals and subsequently Mt. Sinai in Toronto. Upon installation these hospitals will add more than 1,200 bedside terminals".

About Extenway Solutions

Extenway 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 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 www.extenway.com or follow us on Twitter @Extenway.

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 Extenway. These statements may be current expectations and estimates about the markets in which Extenway 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. Extenway 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 policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Marie-Helene d'Entremont
    Zone franche
    514-317-5715, extension 204

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