Extenway Solutions Inc.

Extenway Solutions Inc.

May 06, 2008 13:45 ET

Richard Laferriere Named as Executive Chairman of Extenway

MONTREAL, QUEBEC--(Marketwire - May 6, 2008) - The board of directors of Extenway solution Inc. ("Extenway") (TSX VENTURE:EY) has elected Mr. Richard Laferriere as Executive Chairman of the board. Mr. Laferriere has been a director of Extenway since 2001.

As Executive Chairman, Mr. Laferriere will be responsible to assist Mr. Jack McAllister, President and Chief Executive Officer of Extenway, to oversees all the operations aspects of Extenway, more particularly with respect to the establishment of the strategic plan of the Company and its execution regarding the sales and marketing activities, with respect to third party agreements and financings. The agreement with Mr. Richard Laferriere is for an initial period of two years.

As per the option plan of Extenway, M. Laferriere has been granted options to subscribe a maximum of 750 000 shares of Extenway, at a price of 0,05 $ per share. The expiration date of the options is May 1st, 2013.

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
    514-694-4280 (FAX)