MONTREAL, QUEBEC -- (Marketwire) -- 03/28/13 -- Extenway Solutions Inc. (TSX VENTURE: EY) is pleased to announce the filing of the company' s financial statements for the quarter ended 31 January 2013, together with the related management discussion and analysis (MD&A). These documents are available at www.sedar.com.
In the three months ended January 31, 2013 Extenway had sales of $ 100,073 and a net loss of $ 769,195. In the three months ended January 31, 2012 Extenway had sales of $ 40,632 and a net loss of $ 720,651.
In the nine months ended January 31, 2013 Extenway had sales of $ 260,059 and a net loss of $ 2,191,604. In the nine months ended January 31, 2012 Extenway had sales of $ 133,908 and a net loss of $ 2,107,463.
Mr. John McAllister, President and CEO, stated, "Following the quarter-end we finalized contracts and financing for the Gatineau/Hull hospitals and are proceeding to the implementations."
In accordance with Extenway option plan, Mr. Laferriere, Executive Chairman of the company, has been granted, as part of his remuneration, options to subscribe to a maximum of 750,000 shares of Extenway, at a price of $ 0.13 per share. The expiration date of the options is March 28, 2018.
About Extenway Solutions Inc.
Extenway is a provider of media, connectivity and communications solutions serving the healthcare and hospitality industries. The Company's services include Bedside Terminal Solutions, Interactive Television Solutions, as well as Internet, entertainment, Content, Marketing, Advertising Media, Education and Integration Solutions. Extenway enables guest-centric organizations get connected, informed and entertained. 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.
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.
Mr. John McAllister
President and CEO
Extenway Solutions Inc.
(514) 694-4280 (FAX)
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