Extenway Solutions Inc.

Extenway Solutions Inc.

November 05, 2012 13:09 ET

Extenway Solutions Takes on the Canadian Market

MONTREAL, QUEBEC--(Marketwire - Nov. 5, 2012) - Following its recent success in Quebec with the installation of bedside terminals in Saint-Eustache hospital (CSSS du Lac-des-Deux-Montagnes), the Jewish Rehabilitation Hospital in Montreal and the Memorial Sloan-Kettering Cancer Center in Brooklyn, New York, Extenway Solutions Inc. ("Extenway") (TSX VENTURE:EY) is looking to take on the Canadian market.

With the technology having now proved its worth, both in terms of patient satisfaction and as a valuable asset to healthcare professionals, Extenway has presented its solution to several Canadian hospitals. Requests For Information and Requests For Proposal received, specifying the functionality similar to the Extenway solution, currently exceed 5,500 beds, and confirms the demand for the technology offered by Extenway, a Quebec innovation that is now the most complete in today's market.

"Since we installed the new terminals, patients have been able to access even more information, including details about their health, and they are extremely satisfied with the size of the screen and the possibility of having Internet access", said Suzanne Aubin, Assistant Head Nurse at Saint-Eustache hospital, CSSS du Lac-des-Deux-Montagnes, where the Extenway terminals have been operational at patients' bedsides for the last six months. "We noticed that patients are extremely satisfied with the new technology and we don't need to spend as much time playing with the screen, because the picture quality is excellent."

"The Extenway terminal means I can go on Facebook and keep in touch with my children", added Daniel Lussier, a patient at Saint-Eustache hospital. "The service offered by Extenway is way beyond what you generally find in other hospitals. We've moved from pre-historic times into the modern day!"

Video interviews with Mrs. Aubin, Mr. Lussier and many more can be viewed on the new YouTube channel recently launched by Extenway to promote its services and products: http://www.youtube.com/user/Extenway.

To support its development on the Canadian market, Extenway has entered into a term loan agreement with a financial institution, as reported in the press release of March 22, 2010. Extenway will also rely on financing from a private placement of convertible debentures, announced October 15 of this year, for minimum gross proceeds of three million dollars and maximum gross proceeds of six million dollars (the "private placement offering"). Extenway anticipates that this private placement offering will be completed on November 30, 2012.

About Solutions Extenway

Extenway Solutions (TSX VENTURE:EY) provides technology solutions to the healthcare sector. Among the services offered by Extenway are interactive televisions, bedside patient terminals, Internet, entertainment, content integration, advertising, education, and integrated solutions. Extenway allows organizations to optimize the way they manage and coordinate interactions in the areas of communications, information and entertainment. For more information, 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.

* All currencies mentioned in this document are in Canadian dollars (CAD).

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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