Energy Stock News: Enterprise Group (TSX: $E.TO) Deploys Proprietary Asset Tracking & Dispatch Software "Star" to Lower Costs and Increase Margins

St. Albert, AB - April 10, 2018 (Investorideas.com Newswire) Enterprise Group, Inc. ("Company" or "Enterprise") (TSX:E), a consolidator of services to the energy sector; focused primarily on specialized equipment rental, announced today that it has implemented its proprietary dispatch & asset tracking software known as "Star" to further cut costs and improve margins.

Star, tracks and reports utilized assets, which provides the Fleet Manager the ability to ensure the highest level of service to the client: In turn, lower costs while delivering maximum equipment performance.

Read this news in full at http://www.investorideas.com/CO/TSXE/news/2018/04101Software.asp

When Enterprise Group (TSX:E) acquired Westar Oilfield Rentals in 2014, the management team was working on a business management & dispatch software.

After exhaustive and unsuccessful efforts in sourcing an effective software solution, it was apparent that the group needed to develop this system in house. Enterprise continued to fund and upgrade the project resulting in this unique and proprietary technology asset, critical to the profitability and cost mitigation of all the Company's subsidiaries.

"With the components developed, we began process mapping our existing business operations. As a result, we were able to considerably reduce our administrative costs by automating many of the human elements," stated Des O'Kell SVP of Enterprise Group. "Furthermore, with its implementation, the cost benefits that emerged from asset tracking are substantial."

This approach keeps the customer up and running and ensures other expended revenue and protection of the asset. The software is comprised of 18 components that work together and exchange information over a central database. Early results confirmed improved metrics including lowering costs and raising margins.

With Star successfully deployed in all our rental divisions, Enterprise Group now has a proprietary and custom software designed explicitly for its business.

About Enterprise Group, Inc.

Enterprise Group, Inc. is a consolidator of services to the energy sector. The Company's focus is primarily on specialized equipment rental. The Company's strategy is to acquire complementary service companies in Western Canada, consolidating capital, management, and human resources to support continued growth. More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedar.com.

For questions or additional information, please contact:

Leonard Jaroszuk, President & CEO, or
Desmond O'Kell, Senior Vice-President
780-418-4400
contact@enterprisegrp.ca

Forward Looking Information

Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. In particular, this news release contains forward looking information relating to the use of proceeds from the CTHA transaction and post-closing adjustments relating to such transaction. These forward-looking statements are based on assumptions and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including reliance on contractual arrangements with third parties, general economic conditions, industry conditions and competitive factors. Actual future results may differ materially. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

Enterprise Group, Inc. (TSX: E) is a featured company on Investorideas.com

Visit Profile page: http://www.investorideas.com/CO/TSXE/

Get News Alerts on Enterprise Group, Inc.

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/News/Clientspecifics.asp Disclosure: Enterprise is a paid PR news and social media client effective January 1 2018 for four months -five thousand per month

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country

OilandGasStockNews.com- investing ideas in oil and gas stocks

Like Oil and Gas Stocks? View our Oil and Gas Stocks Directory  Get News Alerts on Energy Stocks

Investorideas.com - CSE Top Percentage Gainers April 4th; (CSE: $FNQ.C), (CSE: $JBR.C), (CSE: $MAY.C), (CSE: $BBT.C) ;@CSE_News

Investorideas.com - CSE Top Percentage Gainers April 4th; (CSE: $FNQ.C), (CSE: $JBR.C), (CSE: $MAY.C), (CSE: $BBT.C) ;@CSE_News

Mining, Energy, Blockchain and Cannabis Sectors Represented

Point Roberts, WA, Delta BC – April 5, 2018 - Investorideas.com,
a leader in global investing news in leading sectors reports on the top  four percentage gainers  (http://thecse.com/trading/market-activity#active) on the CSE for April 4, 2018.

Read this news in full at http://www.investorideas.com/news/2018/main/04051Stocks.asp

Energy Stock News: Q1 2018 has Been Quite a Year for Enterprise Group; (TSX: $E.TO); Debt Free, Contracts, Asset Sales and the Shares up YTD 40%

Energy Stock News: Q1 2018 has Been Quite a Year for Enterprise Group; (TSX: $E.TO); Debt Free, Contracts, Asset Sales and the Shares up YTD 40%

Oh yes, the Company is looking aggressively for accretive acquisitions

March 28, 2018 (Investorideas.com Newswire) Commentary on Enterprise Group, Inc. (TSX:E)

Read the full news at http://www.investorideas.com/CO/TSXE/news/2018/03281Q12018.asp

About 60 years ago, the industrial equipment rental business was born. Growth was slow, but as infrastructure projects grew and costs rose, renting made economic sense and it the sector has been on a decent growth path ever since.

With the US infrastructure mess rattling the Governments of North America with more and more urgency, why own when you can rent?

Infrastructure: Thanks for the Memories. And the Cash.

On March 6th, 2018, Enterprise Group (E: TSX) announced a non-binding LOI for the sale of the assets of its trenchless solutions infrastructure business unit, Calgary Tunnelling & Horizontal Augering ("CTHA"), to a private arm's length purchaser for $20.6 million.

The tax-free deal closed March 26,2018. Enterprise's corporate structure allowed the utilization of tax losses to offset the gain on this transaction.

The transaction comes on the heels of the Company's securing an impressive $9.1 million equipment and supply contract in January.

"While the business landscape has and continues to improve, we are maintaining our posture of rationalizing costs and enhancing efficiencies," stated Des O'Kell. "Doubling our Q4 2017 EPS over the same period 2016($0.02 versus ($0.18) and showing an unusual increase (235%) in Q4 net income to $1.094m. We look forward to a very active and profitable 2018."

As well, as a result of the transaction E's book value rises 10% to $1.01.

Infrastructure is Dead, Long Live Infrastructure.

Enterprise was, until now, a mixture of infrastructure and industrial rental subsidiaries in Western Canada. With the sale of infrastructure subsidiary CT Underground, Enterprise is moving to grow into a leading and pure rental play: Having dumped its debt and set the Company on an aggressive growth path by organic means and complementary acquisitions.

And after having been cashflow positive throughout the resource downturn and returning to profitability Q3 2017, the Company continues to execute on its growth plan.

Trying to get a standard annual growth rate for aspects of the industrial equipment rental market is difficult. Most figures include all rentals (TV's, party plates, etc.) as well as the gear necessary to put together an entire resource camp in the arctic. As well, the growth is heavily tied to economics, commodity prices etc., further mitigating CAGR precision.

Becoming a Profitable Enterprise. Summary of Recent Metrics:

Q4 2017 revenue $10.6m versus Q4 2016 at $8.3m

EBITDA Q4 2017 $2.5m versus Q4 2016 $1.8m

Net Income Q4 2017 $1m versus Q4 2016 loss ($9.9m)

EPS Q4 2017 $0.02 versus Q4 2016 loss ($0.18)

Enterprise bought CT in 2013 for $12 million. The company billed out approximately $60 million in 4.5 years. And then sold it for $20.6 million.

Not dissimilar to the deal Enterprise did with TC Backhoe in 2016.

Some other key CTHA sale benefits:

Payroll shrinks by 60 field and office employees

On the hunt for acquisitions

$25 million credit line available

$15 million acquisition credit line offered.

The key takeaway here is that in what was arguably the worst market for resource stocks of all stripes from 2015 to about a month ago, Enterprise spent the time streamlining for growth instead of worrying about the if, as and when's.

Depending what you read, the industrial rental market has a CAGR of between 4 to 9 percent. With Trump looking for any win, vastly increased infrastructure spending will likely be his legacy.

And a lot of rented equipment.

Why do Companies Rent Industrial Equipment?

Capital Release: In times where they have to demonstrate high levels of profit compared to invested capital, contractors are increasingly eager to rent equipment, as it allows them to minimize the size of their equipment fleet. Less immobilized money allows for improved cost control, lower maintenance costs, as well as for a reduction in transport fleets. Renting equipment with operators even provides for optimizing staff costs.

The range of new equipment available: Some rental companies have fleet inventories reaching up to the hundreds of thousands of pieces of equipment while others are specialized only in a range of particular products. They can thus supply the most comprehensive range of state-of-the-art equipment - with or without qualified operators - as and when contractors and customers/customers need it.

Maintenance, compliance with standards and regulations: Rental companies bear the responsibility for ensuring the equipment they rent out complies with all applicable laws, performing a safety check before delivery. Routine maintenance and major repairs are typically handled by the rental company, saving the renter the expense of having a maintenance crew on staff. Safety checks are performed before each delivery.

Now that the CT sale is buttoned down, Enterprise management will look to identify -2 maybe 3--rental acquisitions.

Oh, There's More.

For 2020 the current forecast is for a more robust 5.3 percent growth in equipment with projected rental revenue in Canada to reach $5.849 billion.

Of course, that's not all, as the Company has a reputation for customizing and indeed manufacturing specialty items for customers. These proprietary products eventually find their way into the rental pool.

As a result, Enterprise's growing IP portfolio currently stands at 15 patents. There is also a technical aspect to the Company that will likely get fleshed out later this year.

Management has signaled that there will be more completed initiatives in 2018. Given what has happened so far this year-the shares up YTD 40% (vs the S&P up 4.22%) getting to know Enterprise would likely be worth your immediate attention.

Btw, that 40% share price rise was actually pre-the CT sale.

Hell, it's only March.

For questions or additional information, please contact:

Leonard Jaroszuk, President & CEO, or
Desmond O'Kell, Senior Vice-President
780-418-4400
contact@enterprisegrp.ca

Forward Looking Information

Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. In particular, this news release contains forward looking information relating to the use of proceeds from the CTHA transaction and post-closing adjustments relating to such transaction. These forward-looking statements are based on assumptions and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including reliance on contractual arrangements with third parties, general economic conditions, industry conditions and competitive factors. Actual future results may differ materially. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

Enterprise Group, Inc. (TSX: E)

is a featured company on Investorideas.com

Visit Profile page: http://www.investorideas.com/CO/TSXE/

Get News Alerts on Enterprise Group, Inc.

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/News/Clientspecifics.asp Disclosure: Enterprise is a paid PR news and social media client effective January 12018 for three months -five thousand per month

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country

OilandGasStockNews.com- investing ideas in oil and gas stocks

Energy Stock News: Enterprise Group (TSX: $E.TO) Completes Sale of Calgary Tunnelling & Horizontal Augering

Energy Stock News: Enterprise Group (TSX: $E.TO) Completes Sale of Calgary Tunnelling & Horizontal Augering

St. Albert, AB - March 26, 2018 (Investorideas.com Newswire) Enterprise Group, Inc. ("Company" or "Enterprise") (TSX:E) a consolidator of services to the energy sector; focused primarily on specialized equipment rental, announcing today that it has closed the previously reported sale of the assets of its trenchless solutions business unit, Calgary Tunnelling & Horizontal Augering (“CTHA”), to a private arm's length purchaser.

Read this news in full at http://www.investorideas.com/CO/TSXE/news/2018/03261Calgary.asp

Acquired in June 2013 for $12.0 million, over the course CTHA generated approximately $60 million in profitable revenue to Enterprise.

Gross proceeds of the transaction are $20.6 million pursuant to post-closing working capital adjustments. All proceeds from this transaction will be deployed towards reducing Enterprise's debt, placing the Company in the enviable position of being net debt free.

Enterprise's corporate structure will allow the utilization of tax losses to offset the gain on this transaction.

In a news release dated March 15th that announced full year results to December 31, 2017 the Company provided a breakdown adjusted for goodwill and deferred taxes, assets in excess of total debt of $51 million or $0.92 per share. The CTHA transaction improves this position, increasing it to $56 million or $1.01 per share.

Management's execution of its growth plan bodes extremely well for the future of Enterprise as well as its shareholders. Management intends to build and grow its three remaining divisions and acquire additional equipment rental businesses.

There are a number of acquisition targets currently being evaluated by the Company.

The paydown of the PNC credit facility will free up the $25 million line for future acquisition purposes. Management has also been offered a further $15 million line from a prominent U.S. based non-bank lender for acquisition purposes.

Looking for a new way to be informed about Enterprise? Join our Invest group on 8020 Connect https://www.8020connect.com/groups/enterprise-group-inc

For questions or additional information, please contact:

Leonard Jaroszuk, President & CEO, or
Desmond O'Kell, Senior Vice-President
780-418-4400
contact@enterprisegrp.ca

Forward Looking Information

Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. In particular, this news release contains forward looking information relating to the proposed sale of CTHA, the terms and timing of such transaction and the use of proceeds therefrom. These forward-looking statements are based on assumptions and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including the negotiation of a definitive agreement, obtaining all necessary third party consents and approvals, satisfaction or waiver of closing conditions, general economic conditions, industry conditions and competitive factors. There is no assurance that the proposed transaction will be completed on the terms set forth herein or at all. Actual future results may differ materially. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

Enterprise Group, Inc. (TSX: E) is a featured company on Investorideas.com

Get News Alerts on Enterprise Group, Inc.

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/News/Clientspecifics.asp Disclosure: Enterprise is a paid PR news and social media client effective January 12018 for three months -five thousand per month

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country

OilandGasStockNews.com- investing ideas in oil and gas stocks

Like Oil and Gas Stocks? View our Oil and Gas Stocks Directory  Get News Alerts on Energy Stocks

#Energy #Stock News: Enterprise Group (TSX: $E.TO) Announces Results for Fourth Quarter and Full Year 2017

#Energy #Stock News: Enterprise Group (TSX: $E.TO) Announces Results for Fourth Quarter and Full Year 2017

St. Albert, AB - March 15, 2018 (Investorideas.com Newswire) Enterprise Group, Inc. ("Enterprise," or "the Company") (TSX:E), a consolidator of services to the energy sector; focused primarily on construction services and specialized equipment rental, today released its Q4 2017 and FY2017 results.

Read this news in full at http://www.investorideas.com/CO/TSXE/news/2018/03151Results2017.asp

Enterprise experienced a meaningful increase in activity from its existing customers coupled with a substantial increase in the number of new customers. Although activity during the year has increased, price reductions implemented throughout the industry in 2015 and 2016 are still in place and competition continues to be holding prices down. Enterprise's high level of service combined with its expertise and specialized equipment has allowed the Company to successfully navigate during this economic downturn.

Revenue for the three months ended December 31, 2017 of $10,687,760 increased by $2,361,114 or 28% compared to the prior period. Gross margin declined to 27% and EBITDA increased to $2,566,045 for the three months ended December 31, 2017. Revenue for the year ended December 31, 2017 of $37,677,118 increased by $8,953,533 or 31% compared to the prior period. Gross margin for the year ended December 31, 2017 slightly increased to 25% when compared to the prior period. EBITDA for the three months and year ended December 31, 2017 of $2,566,045 and $7,039,984 respectively, increased from higher activity levels combined with reductions in interest charges and general and administrative expenses when compared to the prior period.

During 2017, the Company integrated and upgraded its financial and reporting systems along with its rental fleet tracking and deployment system. Immediate efficiencies and cost savings were experienced after implementing these systems. Further enhancements to these systems will continue in 2018.

Over the last 2 years, the Company has made significant improvements to its statement of financial position and overall total debt. At December 31, 2017, after adjusting for goodwill and deferred taxes, the Company has assets in excess of total debt of approximately $51,000,000 or $0.92 per share. Enterprise will continue to look for opportunities to improve its financial position and opportunities that will allow the Company to diversify and expand.

About Enterprise Group, Inc.

Enterprise Group, Inc. is a consolidator of construction services companies operating in the energy, utility and transportation infrastructure industries. The Company's focus is primarily construction services and specialized equipment rental. The Company's strategy is to acquire complementary service companies in Western Canada, consolidating capital, management, and human resources to support continued growth. More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedar.com

Forward Looking Information

Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

Non-IFRS Measures

The Company uses International Financial Reporting Standards ("IFRS"). EBITDAS is not a measure that has any standardized meaning prescribed by IFRS and is therefore referred to as a non-IFRS measure. This news release contains references to EBITDAS. This non-IFRS measure used by the Company may not be comparable to a similar measure used by other companies. Management believes that in addition to net income, EBITDAS is a useful supplemental measure as it provides an indication of the results generated by the Company's principal business activities prior to consideration of how those activities are financed or how the results are taxed. EBITDAS is calculated as net income excluding depreciation, amortization, interest, taxes and stock based compensation.

SOURCE: Enterprise Group, Inc.

For questions or additional information, please contact:

Leonard Jaroszuk, President & CEO, or
Desmond O'Kell, Senior Vice-President
780-418-4400
contact@enterprisegrp.ca

Enterprise Group, Inc. (TSX: E) is a featured company on Investorideas.com

Get News Alerts on Enterprise Group, Inc.

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/News/Clientspecifics.asp Disclosure: Enterprise is a paid PR news and social media client effective January 2018 for three months -five thousand per month

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country

Energy Stock News: Enterprise Group (TSX: $E.TO) Announces Letter of Intent to Divest the Business of Calgary Tunnelling & Horizontal Augering

Energy Stock News: Enterprise Group (TSX: $E.TO) Announces Letter of Intent to Divest the Business of Calgary Tunnelling & Horizontal Augering

St. Albert, AB - March 6, 2018 (Investorideas.com Newswire) Enterprise Group, Inc. (TSX:E) ("Enterprise," or "the Company") is pleased to announce that it has entered into a non-binding letter of intent for the sale of the assets of its trenchless solutions business unit, Calgary Tunnelling & Horizontal Augering ("CTHA"), to a private arm's length purchaser.

Read this news in full at http://www.investorideas.com/CO/TSXE/news/2018/03061CTHA.asp

Pursuant to the terms of the letter of intent, Enterprise proposes to sell all of the assets relating to the business carried on by CTHA for total proceeds of approximately $21 million, subject to certain adjustments for inventory and working capital. All proceeds from the transaction would be used to reduce Enterprise's debt. On completion of the transaction the Company will be net debt free.

Enterprise expects to complete the transaction on or about March 15. Completion of the transaction is subject to negotiation of a definitive agreement, finalization of satisfactory due diligence, obtaining third party consents and approvals and other customary closing conditions.

Completion of the transaction allows the company to pursue several attractive growth opportunities in the specialty equipment rental space. Management intends to focus its forward attention on the equipment rental sector.

For questions or additional information, please contact:

Leonard Jaroszuk, President & CEO, or
Desmond O'Kell, Senior Vice-President
780-418-4400
contact@enterprisegrp.ca

Forward Looking Information

Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. In particular, this news release contains forward looking information relating to the proposed sale of CTHA, the terms and timing of such transaction and the use of proceeds therefrom. These forward-looking statements are based on assumptions and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including the negotiation of a definitive agreement, obtaining all necessary third party consents and approvals, satisfaction or waiver of closing conditions, general economic conditions, industry conditions and competitive factors. There is no assurance that the proposed transaction will be completed on the terms set forth herein or at all. Actual future results may differ materially. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

Enterprise Group, Inc. (TSX: E) is a featured company on Investorideas.com

Get News Alerts on Enterprise Group, Inc.

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/News/Clientspecifics.asp Disclosure: Enterprise is a paid PR news and social media client effective January 12018 for three months -five thousand per month

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country

OilandGasStockNews.com- investing ideas in oil and gas stocks

Like Oil and Gas Stocks? View our Oil and Gas Stocks Directory  Get News Alerts on Energy Stocks