Extenway Solutions Inc. Announces Filing of Financial Statements
24 March 2010 - 6:55AM
Marketwired
Extenway Solutions Inc. (TSX VENTURE: EY) Is pleased to announce
the filing of the company' s financial statements for the quarter
ended 31 January 2010, 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, 2010 Extenway had sales of
$ 55,650, a net loss of $ 374,902. In the three months ended
January 31, 2009 the company had sales of $ 1,175,613 and a net
loss of $ 262,713.
In the nine months ended January 31, 2010 Extenway had sales of
$ 178,756, a net loss of $ 1,355,413. In the nine months ended
January 31, 2009 the company had sales of $ 1,501,793 and a net
loss of $ 1,322,106.
Mr. John McAllister, President and CEO, stated, "Quarterly
comparisons are negatively affected by the successful
implementation, in the prior year, of our hotel solution at Canyon
Ranch and Legendary. However, the subsequent financing, in which
Extenway raised $ 3,682,500 in new equity and converted $ 3,756,165
in debt and liabilities into equity, positions the Company to
develop opportunities in the hospital bedside terminal market."
About Extenway Solutions Inc.
Extenway is a 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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