MONTREAL, Aug. 24 /CNW Telbec/ - Extenway Solutions Inc. (TSX-V: EY) is
pleased to announce the filing of the company' s financial statements for the
quarter and year ended April 30, 2007, together with the related management
discussion and analysis, (MD&A). These documents are available at
In the three months ended April 30, 2007 Extenway had sales of $24,024
and a net loss of $471,656 compared to sales of $13,034 and a net loss of
$455,530 in the same period of the prior year. In the year ended April 30,
2007 the company had sales of $98,793 and a net loss of $1,947,294 compared to
sales of $55,555 and a net loss of $2,445,193.
Mr. John McAllister, President and CEO, stated, "This was a disappointing
year, due largely to construction delays at customer sites, but with the
Extenway solution currently being installed at the Legendary property in
Florida and the announced financing proposal we anticipate that the current
year will show substantially more progress."
About Extenway Solutions Inc.
Extenway is a provider of guest-centric solutions for the Hospitality
industry that help clients differentiate their properties and services by
improving the quality of their guest experience. Extenway solutions allow
hospitality organizations to intelligently manage and coordinate all in-room
guest interactions with key sales and marketing initiatives. 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
The TSX Venture Exchange Inc. does not accept responsibility for the
adequacy or accuracy of this release.
For further information:
For further information: Mr. John McAllister, President and CEO,
Extenway Solutions Inc., (514) 694-1916, Fax: (514) 694-4280