Extenway Solutions Inc.

Extenway Solutions Inc.

May 07, 2013 08:00 ET

Extenway Signs First Contract in Ontario

Toronto's St. Joseph's Health Centre to get new terminals integrating leading-edge medical functions and entertainment options

MONTREAL, QUEBEC--(Marketwired - May 7, 2013) - Extenway Solutions Inc. ("Extenway") (TSX VENTURE:EY) has made an important inroad into the Ontario market after being chosen to provide 280 bedside terminals for Toronto's St. Joseph's Health Centre. The hospital intends to take full advantage of the wide range of medical options included in the Extenway solution.

"We are extremely proud to have been chosen following a call for tenders for this project," said Extenway president and CEO, John McAllister. "St. Joseph's is the first Ontario hospital to replace their conventional television sets with Extenway's advanced digital communication terminals. This contract is a direct result of an agreement we have entered into with our business partner, Medicore. What sets us apart from the competition is that our flexible solution satisfies the requirements of today's and tomorrow's healthcare facilities."

"Medicore Systems is pleased to be the first to install bedside terminals with Extenway in Ontario," added Toni Akalu, CEO at Medicore. "The Extenway platform represents a milestone in the Integrated Bedside Terminal industry, the first Ontario facility to use Extenway technology with existing coaxial cabling to deliver patient entertainment and Point-of-Care solutions. Traditionally, this technology has been costly and only available in new healthcare buildings, making it difficult for existing facilities to retrofit with the latest bedside Point-of-Care technology on the market today. The Medicore/Extenway partnership will have a major impact on the industry by providing a very cost-effective way for older healthcare facilities to benefit from the most innovative technology."

Patients at Toronto's St. Joseph's Health Centre will soon benefit from the very latest technology in digital entertainment terminals. The devices will provide patients with access to 40 English television channels, internet, movies on demand, audio books, games and even educational segments on medical matters, all without them having to leave their beds. Patients will also be able to stay in touch with their loved ones using the terminal's videoconferencing and telephone capabilities.

Combining medical functions and entertainment options, Extenway terminals can considerably improve the efficiency of medical personnel and support staff. As requested in their call for tenders, the St. Joseph's Health Centre will benefit from options like bed and meal request management as well as a variety of medical applications such as access to patient records and X-rays directly on the terminals.

Implementation of the terminals is set to start this summer. Signature of the contract between Extenway and the St. Joseph's Health Centre of Toronto is conditional on obtaining the required financing on the basis of an agreement to be concluded with a financial institution. This agreement was announced on March 22, 2010 and provides Extenway with term loan facilities, subject to certain conditions, up to a maximum of $25 million.*

About Extenway Solutions

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 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.

About Medicore

Medicore Systems approach is to bring a complete and comprehensive solution to each project. These are the qualities we bring to the delivery and management of healthcare projects in Canada. We are committed to a holistic approach, linking our success to the success of the projects we deliver. We have the expertise, resources and experience to generate effective technical solutions that create lasting benefits for hospitals, patients and the community abroad. Please visit www.medicore.ca or follow us on Twitter @MedicoreSystemsInc.


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.

*All monetary figures in this document are expressed in Canadian dollars (CAD).

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