EY

Extenway Solutions Inc. (TSX VENTURE:EY) ("Extenway" or the "Corporation")
announces its intention to proceed with a private placement of units for a
maximum amount of 8M$.


Each unit of the private placement are to be issued at a price per unit of $
0.25 and will consist of one common share plus one common share purchase
warrant, where each common share purchase warrant entitles the holder to
purchase one common share at a price of i) $0.50 within twelve months following
the issuance of the warrant, ii) $0.70 between twelve months and one day and
twenty-four months from the issuance of the warrant and, iii) $1.00 between
twenty-four months and one day and on the date that is thirty-six months from
the issuance of the warrant. Pursuant to this proposed private placement, a
maximum of 32,000,000 common shares and 32,000,000 common share purchase
warrants of Extenway could be issued.


The Corporation also intends to proceed with the conversion of existing debts
into securities of the Corporation for an amount of up to $3,756,165 with
creditors of the Corporation. The Corporation has received the conditional
approvals of the TSX Venture Exchange to proceed with the private placement and
debt conversion.


About Extenway Solutions Inc. 

Extenway is a trusted 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.

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