MONTREAL, QUEBEC -- (Marketwire) -- 03/26/13 -- Extenway Solutions Inc. ("Extenway") (TSX VENTURE: EY) is pleased to announce that financing has been arranged and a contract signed with the CSSS de Gatineau health and social services centre for delivery of bedside terminals to Gatineau and Hull hospitals, and that installation work has now begun.
In November 2012, Extenway was chosen by the CSSS de Gatineau Foundation following a call for tenders on a project to deliver a solution for the replacement of outdated television monitors. Signature of the contract was conditional on obtaining the required financing on the basis of an agreement concluded with a financial institution. This agreement was announced on March 22, 2010, and provides Extenway with term loan facilities, subject to certain conditions, of up to a maximum of $25 million.
Starting in June, residents of the Gatineau and Hull regions will benefit from Extenway's latest solution during a stay in hospital. The contract signed with the CSSS de Gatineau Foundation will allow for installation of bedside terminals for 414 hospital beds in Gatineau and Hull.
The new Extenway terminals that will replace conventional television sets and allow access to a complete range of entertainment options - digital television, internet, video on demand, radio and games - plus a series of options including nursing assistance, bed management and access to various hospital surveys and forms, as well as videoconferencing and communication with the foundation and the hospital.
"This agreement for a period of 10 years includes operation, management and upkeep of the bedside terminals. Extenway will accordingly provide client services and on-site technical support as well. For CSSS de Gatineau, this is a one-stop solution. CSSS management and patients in hospital will be able to count on our dedicated staff and benefit from a proven technology at the same time", said Extenway president and CEO, John McAllister.
CSSS de Gatineau is the fourth healthcare institution in North America to be equipped with Extenway bedside terminals, which have been previously installed in the CSSS du Lac-des-Deux-Montagnes, the Jewish Rehabilitation Hospital in Montreal and the Memorial Sloan-Kettering Cancer Center in Brooklyn, New York.
About Extenway Solutions
Extenway Solutions is a supplier of client-focused solutions for the healthcare industry. Services offered by Extenway include interactive television, beside terminals for patients, internet, entertainment, content integration, advertising, education and integrated solutions. Extenway allows organizations to optimize management and coordination of human interactions as well as communications, information and coordination. For further information, please visit www.extenway.com or follow us on Twitter @Extenway.
Certain statements that appear on this website and/or in news releases constitute forward-looking statements. These forward-looking statements relate to future financial conditions, results of operations or business of Extenway Solutions Inc. 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 involve significant 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 Solutions Inc. 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.
(i) All monetary figures in this document are expressed in Canadian dollars (CAD).
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.
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