Extenway's Annual and Special Meeting: Company Well Poised to Continue Its Expansion

MONTRÉAL, Oct. 24, 2014 /CNW Telbec/ - Extenway Solutions Inc. ("Extenway") (TSXV: EY) held its annual and special meeting yesterday. This gave its officers an opportunity to report on the company's recent progress.

As the only Canadian supplier whose solutions can be delivered through coaxial cable networks (existing infrastructure) and IP and wireless technology, over the last fiscal year, Extenway consolidated its presence on the Canadian market and developed a partnership with the US distributor Flowcorn, with whom it plans to grow its position in the US.

"With that agreement, the opportunities available through the new dialysis centre market and the technology partnerships we've developed with IBM and Meru, we're well positioned to achieve our objective for the next fiscal year of 5,000 bedside terminals," said Extenway president and CEO John McAllister.

Extenway, a Montréal company, recently announced several contracts with healthcare institutions—the Centre de santé et de services sociaux du Sud-Ouest–Verdun, the Hôpital Charles-LeMoyne and the Quebec Heart and Lung Institute (IUCPQ)—for a total of 900 beds.

Granting of Options
After the meeting, Extenway directors Louis Brunel (115,385), Francine Laurent (115,385), Lorne Zakaib (115,385) and Carolyne Lassonde (115,385), as remuneration in accordance with Extenway's options policy, were granted options allowing them to acquire common shares of Extenway at a subscription price of $0.13 per share. The expiry date of these options is October 23, 2019.

Financial reports for the fiscal year ending April 30, 2014, are available online at www.sedar.com.

About Extenway Solutions
Extenway is a supplier of client-focused solutions for the healthcare industry. Services offered by Extenway include interactive television, beside terminals for patients, Internet, entertainment, content integration, advertising, education and integrated solutions. Extenway allows organizations to optimize management and coordination of human interactions as well as communications, information and entertainment. For further information, please visit http://www.extenway.com or follow us on Twitter @Extenway.

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 significant risks and uncertainties which are difficult to predict and to 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 mergers, acquisitions or other business combinations or divestitures that may be announced or completed after such statements are made.

Neither the 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.

*All monetary figures in this document are expressed in Canadian dollars (CAD).

 

SOURCE Extenway Solutions Inc.

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