Extenway updates its Private Placement Financing

    




 MONTREAL, Oct. 14, 2011 /CNW Telbec/ - Extenway Solutions Inc. ("Extenway")  wishes to update its previously announced private  placement (the "Offering") of a minimum number of 14,705,883 common shares of Extenway (each a "Common Share") at $0.17 per Common Share. The Offering will now be comprised of a  minimum of 19,230,769 Common Shares at a price of $0.13 per Common  Share for gross proceeds of no less than $2,500,000. 

 The Offering is now expected to close within 30 days. IBS Capital, s.e.n.c., a Montreal-based Exempt Market Dealer, is acting  as agent for the Offering. The private placement is subject to the  minimum subscription price being received and to compliance with  applicable securities legislation and to the approval of the TSX  Venture Exchange. 

 All Common Shares issued to purchasers under the Offering will be  subject to a four-month and one (1) day hold period from the Closing  Date, pursuant to securities legislation and the policies of the TSX  Venture Exchange. The Common Shares offered have not been nor will they  be registered under the United States Securities Act of 1933, as  amended, or state securities laws, and may not be offered or sold in  the United States or to an account for the benefit of US persons,  absent such registration or an exemption from registration. 

 About Extenway Solutions Inc. 

 Extenway Solutions Inc.  (www.extenway.com) provides IT, communications, entertainment and education solutions to  the healthcare sector. Extenway terminals offer a wide range of  integrated content and services, including television, Internet,  Microsoft Office, and video conferencing. The terminals also offer the  possibility of managing patient appointments and regulating a patient's  bedroom environment. Extenway allows healthcare organizations to  optimize the way they manage and coordinate interactions between  patients, medical staff and those working in administration. The  company is based in Baie D'Urfé in the Montreal region of Canada. 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  Extenway. These statements may be current expectations and estimates  about the markets in which Extenway 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. Extenway 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. 

 Neither TSX Venture Exchange nor its Regulation Services Provider (as  that term is defined in policies of the TSX Venture Exchange) accepts  responsibility for the adequacy or accuracy of this release. 

Extenway Solutions Inc.


CONTACT:  Alexandra GravelineZone franche514 371-5715, poste [e-mail]. David BrownChief Financial OfficerExtenway Solutions Inc.500 Morgan Blvd., Suite 100Baie D'Urfe, QC H9X 3V1Tel: [phone]Fax: [phone] 


    

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