Extenway Solutions Inc.

Extenway Solutions Inc.

July 24, 2012 18:43 ET

Extenway Solutions Inc. Announces Filing of Annual Financial Statements

MONTREAL, QUEBEC--(Marketwire - July 24, 2012) - Extenway Solutions Inc. (TSX VENTURE:EY) is pleased to announce the filing of the company's financial statements for the quarter and year ended April 30, 2012, together with the related management discussion and analysis, (MD&A). These documents are available at www.sedar.com.

In the three months ended April 30, 2012 Extenway had sales of $ 47,382 and a net loss of $ 700,986 compared to sales of $ 241,103 and a net loss of $ 412,346 in the same period of the prior year. In the year ended April 30, 2012 the company had sales of $ 181,290 and a net loss of $ 2,808,449 compared to sales of $ 443,504 and a net loss of $ 2,324,336.

Mr. John McAllister, President and CEO, stated, "We believe that the substantial cost reductions and technical advances achieved at the St. Eustache installation, together with the continued growth in Requests for Proposal, leaves the Company in a solid position to obtain new hospital contracts in the coming year."

About Extenway Solutions Inc.

Extenway is a provider of media, connectivity and communications solutions serving the healthcare industry. The Company's services include Bedside Terminal Solutions, Interactive Television Solutions, as well as Internet, Entertainment, Content, Marketing, Advertising Media, Education and Integration Solutions. Extenway enables patient-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

  • Mr. John McAllister
    President and CEO
    Extenway Solutions Inc.
    (514) 694-1916
    (514) 694-4280 (FAX)