Extenway Solutions Inc. Announces Filing of Financial Statements
20 December 2008 - 6:27AM
Marketwired
Extenway Solutions Inc. (TSX VENTURE: EY) Is pleased to announce
the filing of the company' s financial statements for the quarter
ended October 31, 2008, together with the related management
discussion and analysis, (MD&A). These documents are available
at www.sedar.com.
In the three months ended October 31, 2008 Extenway had sales of
$ 40,295, a net loss of $ 642,625. In the three months ended
October 31, 2007 the company had sales of $25,226 and a net loss of
$448,411.
In the six months ended October 31, 2008 Extenway had sales of $
326,180, a net loss of $ 1,059,393. In the six months ended October
31, 2007 the company had sales of $51,500 and a net loss of
$881,822.
Mr. John McAllister, President and CEO, stated, "While the
current quarter results have been negatively affected by exchange
rate losses related to to the agreement with Canyon ranch, the
physical installation there is largely completed. The Company has
seen significant market interest in applying its technology for
bedside terminals in hospitals but progress in that market is
subject to financing in a difficult financial market."
About Extenway Solutions Inc.
Extenway is a trusted provider of media, connectivity and
communications solutions serving the hospitality and healthcare
industries. The company's services include Interactive Television
Solutions, Bedside Terminal 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.
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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