Extenway Solutions Inc.

TSX VENTURE : EY


Extenway Solutions Inc.

April 23, 2014 15:59 ET

Extenway Reports on the Progress of its Recent Developments

MONTRÉAL, QUÉBEC--(Marketwired - April 23, 2014) - Extenway Solutions inc. ("Extenway") (TSX VENTURE:EY) reports on its progress and on ongoing developments.

"We are happy with the progress of the contracts that we obtained last year. The successful installation of our solution in Quebec and in Ontario has demonstrated our ability to deliver on our commitments, declared John McAllister, President and Chief Executive Officer of Extenway. The contracts signed represent more than 2000 beds and will generate revenue the entire fiscal year beginning May first 2015."

Installation in hospitals almost completed

The installation of the solution is completed or in its final stage in all the hospitals under contract in Quebec, except for Pierre-Legardeur hospital where it is planned for November 2015.

Ongoing installation at the St. Joseph's Health Centre of Toronto

In Ontario, Extenway is in the final stage of the installation of bedside solutions for the 324 beds of the St. Joseph's Health Centre in Toronto. The service is already available for 200 beds. In addition, St-Joseph is also the first Canadian hospital to buy the solutions and equip its outpatient cancer care and dialysis centre, with 55 terminals.

Two ongoing pilot projects

Extenway currently has pilot projects in two major hospitals which involve clinicians using the full range of the medical functions offered by the technology.

Current requests for proposals

Extenway presented service offers and responded to requests for proposals to 10 hospitals in Quebec and in Ontario, for a total of 2,300 beds, for which the final decisions should be made in the coming months.

Requests for proposals to come

Extenway has observed an increase in demand for bedside terminals. Health facilities face numerous challenges on the technical and digital levels, and the cycles for requests for proposals can be long. Throughout the next 12 months, Extenway expects to respond to six new requests for proposals representing 6,000 beds across Canada. These facilities will most likely specify both medical and entertainment functionalities.

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.

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