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TSXV:EY | TSX Venture | Common Stock |
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Extenway Solutions, Inc. ("Extenway") (TSX VENTURE:EY), a trusted provider of technology solutions to the hospitality and healthcare industries, and Daclem Solutions, Inc. of France ("Daclem"), Europe's leader in providing advanced Triple Play Technologies (i.e., high-speed Internet, telephony, and video-on-demand) to the Hospitality Sector, announced today the sale of the Extenway system to the Le Mas Candille Hotel. This marks the first sale growing out of the new relationship between Extenway and Daclem. Le Mas Candille Hotel (www.lemascandille.com) is a five-star luxury hotel in Mougins, on the Cote d'Azur, France. Le Mas Candille has been a customer of Daclem's High Speed Internet Access and Telephony services. "The expansion of the relationship to incorporate IPTV/Video-On-Demand (VOD) is both proof of the hotel's confidence in Daclem and its enthusiasm for the capabilities of the Extenway platform. In fact, Le Mas Candille is replacing the present VOD provider's system even before the expiration date on the present VOD contract. Le Mas Candille's adoption of the Extenway platform has quickly affirmed Daclem's selection of Extenway as a partner. As one of the finest hotels in Europe, Le Mas Candille takes very seriously the amenities that it offers its guests. This deal will serve as a powerful showcase to the rest of Europe about the strength of the Extenway/Daclem alliance", said Edgardo da Fonseca, President of Daclem. "Daclem has quickly taken the first step in realizing the potential of our new relationship. Throughout the effort to recruit Le Mas Candille as a client, Extenway and Daclem worked productively together. We also thank Le Mas Candille for their patronage. This promises to be a very important relationship for all three entities", said John McAllister, CEO of Extenway. About Extenway Solutions, Inc. Extenway Solutions Inc. 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. Extenway Solutions Inc. is listed on the TSX Venture Exchange and trades under the symbol EY-V. For more information, visit www.extenway.com. About Daclem Solutions, Inc. Daclem Solutions currently supplies telecommunications solutions to over 450 clients throughout France including the airport in Nice, France. Based in the heart of the technology center of Sophia Antipolis, Daclem is active throughout Europe and has grown by offering the highest quality of services. Daclem's vision is to become the leading supplier of products, technologies and services for the hospitality business sector. Daclem's own experience coupled with the acquisitions of Devnet and All Telecom has made Daclem solutions a leading player in the hospitality market. Now, with over 400 hotels currently deploying Daclem's hospitality solutions, Daclem continues to innovate and provide their customers with the most advanced technologies. Visit www.daclem.com Disclaimer - Safe Harbour Forward -Looking Statements The above disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond Extenway's control, including: the impact of general economic conditions, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to the announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. Extenway's actual results, performance or achievement could differ materially from those expressed in, or implied by these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that Extenway will derive therefrom.
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