Extenway Completes Third Tranche of Private Placement

Extenway Solutions Inc. ("Extenway") (TSX VENTURE:EY) is pleased to announce the
closing, as of February 26, 2014 (the "Closing Date"), of a third tranche
private placement (the "Third Tranche") of convertible debentures (the
"Convertible Debentures") in the aggregate principal amount of $1,710,000. The
Third Tranche was completed as part of a larger offering of common shares and
Convertible Debentures for combined aggregate gross proceeds of $2,300,000 (the
"Offering"), the first and second tranches of which were respectively completed
on September 11th and 17th, 2013. 


The Convertible Debentures are unsecured, will mature on August 31, 2017, and
bear an annual compounded interest rate of 12%. The Convertible Debentures are
convertible into common shares of Extenway (the "Common Shares") at a conversion
price of $0.13 if the conversion is effected no later than at 5:00 pm on April
29, 2016, or $0.17 if the conversion is effected thereafter, subject to
customary adjustment provisions. 


The proceeds of the Offering will be used for working capital purposes. The
private placement is subject to compliance with applicable securities
legislation and to the approval of the TSX Venture Exchange.  


Desjardins-Innovatech s.e.c. and the Caisse de depot et placement du Quebec,
both insiders of Extenway, participated in the Third Tranche by subscribing for
Convertible Debentures in the principal amounts of $1,000,000 and $500,000
respectively, representing 58.48% and 29.24% of the total amount raised under
the Third Tranche or 43.48% and 21.74% of the total amount raised under the
Offering. 


IRR Capital Inc. acted as finder for a portion of the financing and received a
commission of $31,300 and 100,000 share purchase warrants of Extenway, with each
share purchase warrant being exercisable to acquire one Common Share at an
exercise price of $0.13 per Common Share if exercised no later than at 5:00 pm
on April 29, 2016 or at a price of $0.17 per Common Share if exercised
thereafter. The share purchase warrants will expire on August 31, 2017. 


The Convertible Debentures and all underlying Common Shares issued, or which may
be issued, to purchasers under the Third Tranche (the "Securities") are subject
to a four-month plus one-day hold period from the Closing Date, ending on July
27, 2014, pursuant to securities legislation and the policies of the TSX Venture
Exchange. The Securities 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 U.S. persons, absent such registration or an exemption from registration. 


About Extenway Solutions Inc.

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 coordination. For further information, please visit
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 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
John McAllister
President and CEO
Extenway Solutions Inc.
514-694-1916


Marie-Helene d'Entremont
Zone franche
514-371-5715, ext. 204
mhdentremont@zonefranche.ca
Extenway Solutions Inc. (TSXV:EY)
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