Extenway Solutions Inc.
TSX VENTURE : EY

Extenway Solutions Inc.

December 21, 2006 12:02 ET

Extenway Solutions Inc. Announces Filing of Financial Statements

MONTREAL, QUEBEC--(CCNMatthews - Dec. 21, 2006) - 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 31 October 2006, 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, 2006 Extenway had sales of $25,541, a net loss of $491,227. In the three months ended October 31, 2005 the company had sales of $13,732 and a net loss of $843,053.

In the six months ended October 31, 2006 Extenway had sales of $50,317, a net loss of $1,008,789. In the six months ended October 31, 2005 the company had sales of $27,824 and a net loss of $1,416,845.

Mr. John McAllister, President and CEO, stated, "During the quarter we were pleased to announce a letter of intent with Saguaro Ranch. The Company has continued to control expenses while addressing a significant pipeline of opportunities".

About Extenway Solutions Inc.

Extenway is a provider of guest-centric solutions for the Hospitality industry that help clients differentiate their properties and services by improving the quality of their guest experience. Extenway solutions allow hospitality organizations to intelligently manage and coordinate all in-room guest interactions with key sales and marketing initiatives. 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.

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

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