Extenway Solutions Inc.

Extenway Solutions Inc.

August 07, 2012 10:54 ET

Solutions Extenway Signs an Agreement for Investor Relations Services with MI3

MONTREAL, QUEBEC--(Marketwire - Aug. 7, 2012) - Solutions Extenway Inc. ("Extenway") (TSX VENTURE:EY) is pleased to announce that it has signed an investor relations services agreement with MI3 Communications Financières Inc. ("MI3"). The agreement is for an initial period of one year.

MI3, through its president Mario Drolet, will perform financial relations services for Extenway in consideration of a monthly amount of $ 2,500. MI3 also received 100,000 options to purchase up to a maximum of 100,000 common shares of Extenway at a price of $ 0,13 per share. The options were granted pursuant to Extenway's Stock Option Plan. The options may not be exercised during the three months following the grant therof. Thereafter, the options may be exercised as follow:

  • 25,000 on or after November 6, 2012
  • 25,000 on or after February 6, 2013
  • 25,000 on or after May 6, 2013
  • 25,000 on or after August 6, 2013

As of today, MI3 has no interest, directly or indirectly, in the capital stock of Extenway. However, MI3 has the intention to acquire a certain number of Extenway's shares in the forthcoming months.

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 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

  • John McAllister
    Chief Executive Officer
    Solutions Extenway
    514 694-1916

    Marie-Helene d'Entremont
    Zone franche
    514 317-5715, extension 204