Extenway Solutions Inc. Announces Filing of Financial Statements
26 August 2008 - 5:04AM
Marketwired
Extenway Solutions Inc. (TSX VENTURE: EY) Is pleased to announce
the filing of the company' s financial statements for the quarter
and year ended April 30, 2008, together with the related management
discussion and analysis, (MD&A), These documents are available
at www.sedar.com.
In the three months ended April 30, 2008 Extenway had sales of
$25,647 and a net loss of $ 410,963 compared to sales of $24,024
and a net loss of $ 471,656 in the same period of the prior year.
In the year ended April 30, 2008 the company had sales of $ 101,701
and a net loss of $1,693,190 compared to sales of $ 98,793 and a
net loss of $ 1,947,294.
Mr. John McAllister, President and CEO, stated, " Financially
this was a disappointing year, all be it with smaller losses and a
successful $2 million financing, but the current year should show
substantial progress with the successful installation at the
Legendary property in Florida and pending installation at Canyon
Ranch".
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.
Contacts: Extenway Solutions Inc. Mr. John McAllister President
and CEO 514-694-1916 514-694-4280 (FAX)
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