Extenway Solutions Inc.

Extenway Solutions Inc.

December 16, 2011 16:03 ET

Extenway Solutions Inc. Announces Filing of Financial Statements

MONTREAL, QUEBEC--(Marketwire - Dec. 16, 2011) - Extenway Solutions Inc. (TSX VENTURE:EY) is pleased to announce the filing of the company' s financial statements for the quarter and six months ended October 31, 2011, 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, 2011 Extenway had sales of $ 37,171 and a net loss of $ 691,951 compared to sales of $ 66,370 and a net loss of $ 635,480 in the same period of the prior year. In the six months ended October 31, 2011 the company had sales of $ 93,276 and a net loss of $1,386,812 compared to sales of $ 120,766 and a net loss of $ 1,244,568.

Mr. John McAllister, President and CEO, stated, "The Company successfully completed a $2,500,004 equity financing during the quarter and, subsequent to the quarter end, closed an additional $390,000 in equity and announced the award of a 280 bed hospital for CSSS du Lac-des-Deux-Montagnes".

About Extenway Solutions Inc.

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

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