MONTREAL, June 11 /CNW Telbec/ - Extenway Solutions Inc. (TSX-V: EY)
("Extenway" or the "Corporation") announces that two officers of the
Corporation have each acquired 1,865,000 shares in Extenway, for a total of
3,730,000 shares of the Company.
John McAllister Holdings Inc., a corporation controlled by Extenway' s
Chief Executive Officer, and David Brown, Chief Financial Officer of Extenway,
today acquired ownership and control of 3,730,000 common shares of Extenway
representing 7.66% of the outstanding common shares of the Corporation based
on the Corporation's most recent notification of total common shares
outstanding. The price is $0.0268096 per share, for a total consideration of
$100,000. Out of the 3,730,000 common shares, 1,440,000 shares were held in
escrow by CIBC Mellon Trust.
The shares were acquired pursuant to a share purchase agreement and were
not transferred through the facilities of an Exchange. The shares have been
acquired for investment purposes only. Both investors may acquire additional
common shares in the future depending on market conditions.
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