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Share Name Share Symbol Market Type
TSXV:EY TSX Venture Common Stock
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  0.00 0.00% 0 -

Extenway Solutions Inc. Announces Filing of Financial Statements

23/03/2010 7:55pm

Marketwired Canada


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.


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