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Tuesday, May 15, 2018

Enterprise Group (TSX. $E.TO) Q1/2018 eps $0.06 vs. Q1/2017 eps ($0.02)




Enterprise Group (TSX. $E.TO) Q1/2018 eps $0.06 vs. Q1/2017 eps ($0.02)

This should be good.



June 2013-May 2018 Enterprise Group (E: TSX)





May 15, 2018 (Investorideas.com Newswire) Enterprise Group has experienced almost four years of share price consolidation, following the vicious 2014 resource sector decline. The Company is now stronger and leaner than pre-2014, and management’s aggressive initiatives have seen the stock price rise to new 52-week highs. The Company remained cashflow positive throughout and profitable Q3, Q4 2015 and Q1 2018.

Background Facts:

·        Book Value $1.01
·        Current share price $0.55
·        No debt
·        NCIB of 5% of E stock ongoing.
·        $40 million in bank lines available for funding acquisitions
·        Q1 2018 eps $0.06 vs. Q1 2017 eps ($0.02)
·        Net income Q1 2018 $3.2 million versus Q1 2017 ($50,627)
·        Q1 2018 Revenues down 3% from Q1 2017
·        Development of proprietary ‘Star’ inventory tracking software system will cut costs and significantly enhance revenues.





One-quarter of profits can be a fluke; two, lucky but three a reasonable trend. For Enterprise, it is the result of planning and execution. From the depths of the resource malaise, the shares are now debt free, cash flow positive and profitable. Not to mention on the acquisition trail with $55 million of cash. 

Management has positioned the Company to be the premier resource for industrial equipment rental; initially in the West, ultimately North America and possibly further afield.

Just as the shares received an unfair shellacking as the oil price fell, there seems to be a renaissance afoot that sees oil, currently $70 plus, hitting $100 by 2019. Not that would drive the shares back to their all-time high of $3.50 in 2014, but one has to figure there is excellent potential to regain a good chunk of that decline should oil, and the sector continues to improve.

Given the initiatives put in place and arguably to come, the price may also benefit from proper, old fashion management.

Yes, management is still a thing.


Consolidated:

Three months ended
March 31, 2018
Three months ended March 31, 2017, restated (2)


Change
Revenue
$6,810,906
$7,015,278
($204,372)
Gross margin
$2,126,160
$2,695,739
($569,579)
Gross margin %
31%
38%
(7%)
EBITDA (1)
$1,487,253
$1,835,990
($348,737)
Income before tax
$290,616
$210,495
$80,121
Net income (loss) and comprehensive income (loss)
$3,190,242
($50,627)
$3,240,869
EPS
$0.06
$0.00
$0.06


Revenues Down 3%? Should investors Care?

“In the first quarter of 2018 no construction work was completed on a major construction project in Northeastern B.C,” states Desmond O’Kell, SVP of Enterprise. “Otherwise the Company continues to see increased activity.  The increased activity experienced by other customers did not fully offset the loss of revenue earned in the first quarter of 2017 associated with that project resulting in a slight decrease in revenues for the quarter. At March 31, 2018, after adjusting for goodwill and deferred taxes, the Company has assets more than total debt of approximately $54,000,000.  Enterprise will continue to look for and secure opportunities that improve its financial position and opportunities that will allow the Company to diversify and expand.”

Management owns 21 percent of the outstanding shares.

StarChain

While maximizing revenues and reducing costs is often espoused by the management of most companies, Enterprise has developed StarChain technology, proprietary software, and attendant hardware. Modules will be attached to each piece of rental equipment.

Simply put, Star technology enables its customers to automate and schedule the utilization of the equipment which delivering several benefits that include reduced fuel expenses, lowering onsite maintenance costs and real-time reporting. Several features will be available to the customer in Q3, Q4 2018.

The Company has a history of developing solutions for its customer and has fifteen plus patents in its IP portfolio.

One of the initial cost savings is several thousand dollars a month the technology gains by rendering individual GPS. Other benefits are utilizing the SaaS tech as a base platform for future applications, improves margins and of course maximizes revenues.

Not to mention the incredible competitive advantage afforded Enterprise as it has no plans to sell or license StarChain at this juncture. There appears to be no competitive software.

So, What Now?

As business continues to build, Enterprise has been able to raise its pricing in line with demand. One of the first things it did when the sector imploded was to reduce costs to remain competitive. It also became a resource to customers and prospects to ensure not just its viability but that of its customers. That practice has served the Company well as the business builds.

Enterprise also recently sold its infrastructure subsidiary Calgary Tunneling (CTHA), to focus on the industrial rental business that brings its subsidiaries’ strength to the fore and provides a stable base for growth. The last four years meet as the culmination of two cycles. First, it heralds that the Company is ready and capable of exceptional growth as it enters this new phase with a clean balance sheet. Second, it proves that the planning, execution as well as pain and suffering since June 2014 has been constructive.

There are many acquisition targets currently being evaluated by the Company. Each will be acquired with not only growth in mind but immediately accretive and strongly complement its existing subsidiaries.
 YTD 2018 Enterprise Group (E: TSX)



For questions or additional information, please contact:
Leonard Jaroszuk: President & CEO or
Desmond O'Kell: Senior Vice - President
780-418-4400

Article source – Baystreet.ca

Disclaimer/disclosure- This third party news/article is published on the Investorideas.com Newswire – News that Inspires big ideas 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/Disclaimer.asp

Disclosure this news article is a paid for news release on the Investorideas.com newswire by Enterprise Group, Inc. (TSX: E) and was not created or originated by Investorideas. Learn more about costs and our newswire service http://www.investorideas.com/News-Upload/  Enterprise Group, Inc. (TSX: E) is a previous featured monthly company on Investorideas expiring on May 1 2018 .More info http://www.investorideas.com/About/News/Clientspecifics.asp

Thursday, May 3, 2018

#Energy, #Infrastructure Stock News: Enterprise Group (TSX: $E.TO) Good Things Can Happen to Great Stocks

#Energy, #Infrastructure Stock News: Enterprise Group (TSX: $E.TO) Good Things Can Happen to Great Stocks

Do you invest in resource, industrial or technology stocks? Here’s one that is all those and has set itself up for major growth



ST. ALBERT, Alberta - May 3, 2018 (Investorideas.com Newswire) When the Canadian resource decline made the sector analogous to the St. Valentine’s Day Massacre, Enterprise Group’s (TSX:E) eps dropped from $0.24 a share FY2013 to ($0.40) FY2015. Revenues peaked at $80 million FY2014 and were cut in half the following year. The shares hit $3.50 mid 2014.


The Company posted eps of $0.01 and $0.02 for Q3 and Q4 2017 respectively. FY2017 revenues of $38 million versus FY2016 of $29 million The shares are trading at $0.55.
Book value is $1.01.

And Enterprise is net debt free.
Enterprise Group is a consolidator of services to the energy sector; focused primarily on specialized resource and infrastructure equipment rental.




See Where This is Going?
Not sure why investors aren't all over Enterprise. A costly opportunity loss at least, as the shares have a 2018 YTD high/low of $0.62/$0.28. And a book value of $1.00. A stand up double so far.

I'll put some metrics at the end of the piece, but the drivers that will bring E into the investors' headlights are the recently announced proprietary asset management software STARCHAIN. Second is the cash position earmarked for potential acquisitions.
The Company has a solid track record of acquiring companies, racking up major revenues and then sell them for more than they paid.

STARCHAIN
The purpose of StarChain is to monitor location, usage and address repair issues in real time to maximize revenues and lessen equipment downtime from extensive pool of rental assets. If a piece of equipment fails or experiences a mechanical deficiency on a remote
project site, StarChain independently alerts Enterprise and the fleet manager acts immediately so that a replacement can be deployed, asset brought back online; minimizing downtime, which in turn increases revenues, efficiency and asset life.

The Company sees this technology accomplishment as the baseline for future developments within 'Industry 4.0': The current industrial transformation caused by automation, data exchanges, Big Data, A.I. and IoT," stated Des O'Kell SVP of Enterprise. "Enterprise has no plans to sell or license what it sees as an incredible competitive advantage. The technology will be extended to the operations of future acquisitions; this will allow for the significant growth, in size and geographical reach."

STARCHAIN software is the evolution of several technologies. The hardware is similar to the Raspberry Pi. Evan at this stage, the custom module not only does exactly the tasks it was designed for, but negates the need for GPS, which represents a substantial monthly savings.

Financial results of the software are measurable and impressive:
·        Proprietary platform for future development and refinement
·        Task and monitoring capabilities saves two significant salaries
·        Allows management to plan to deploy company-wide through 3 subs
·        Plans to generate a significant annual cost savings
·        Also, to produce margin improvement
·        Represents (one of) the Company's fundamental value propositions
·        No plans to license; remains a corporate asset.
·        Not aware of any competitive software

Take a Break



Before we discuss acquisitions, let's look at the stock charts: Left is the 2013-2018 historical and the long period of consolidation that ensued.

These data points would all be pretty meaningless if E management hadn't taken the decision early not to be cowed into inaction. That decision was the right one as the 2018 YTD chart right shows not only that the malaise has lifted, but that E's initiatives are bearing fruit.



Management is informing investors of their aggressive plans for the future, which will include some impressive and accretive acquisitions.

Acquisitions Trail
As a result of the recent $20.6 million sale of subsidiary Calgary Tunnelling & Horizontal Augering (CTHA), Enterprise has no debt, a clean $25 million line of credit and a further $15 million for acquisitions. No reason to think that the future ones won't mirror E's two past endeavours:

As a result of the recent $20.6 million sale of subsidiary Calgary Tunnelling & Horizontal Augering (CTHA), Enterprise has no debt, a clean $25 million line of credit and a further $15 million for acquisitions. No reason to think that the future ones won't mirror E's two past endeavours:
1.    CTHA was purchased in 2013 for $12 million. It generated $60 million in revenue under E's stewardship and was then sold for $20.6 million as noted.

2.    TC Backhoe was purchased in 2007 for $12 million. Revenues generated until sale; $154 million. TCB was sold in June 2016 for $20 million


Management owns 21 percent of the outstanding shares and acquired stock all through the previous downturn.

The Company is also in the midst of a roughly 5% share buyback announced in June 2017.



From 2016 Q3 discussion:
... The Company is committed to certain service standards for its existing clients, which management believes to be critical for fostering the Company's longer-term growth. As the Company better understands the economic outlook for 2017 and the likely level of demand for its services, it will adjust its internal infrastructure accordingly.

And it did. And it has, and it will. As management owns over one fifth of the shares, you can be sure shareholders are in extremely motivated and competent hands.

Disclaimer/disclosure- This third party news/article is published on the Investorideas.com Newswire - News that Inspires big ideas 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/Disclaimer.asp

Disclosure this news article is a paid for news release on the Investorideas.com newswire by Enterprise Group, Inc. (TSX: E) and was not created or originated by Investorideas. Learn more about costs and our newswire service http://www.investorideas.com/News-Upload/

Enterprise Group, Inc. (TSX: E) is a previous featured monthly company on Investorideas expiring on May 1 2018 .More info http://www.investorideas.com/About/News/Clientspecifics.asp

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Wednesday, April 25, 2018

#Energy Stock News: Enterprise (TSX: $E.TO) Equipment Controls & Automation Lowers Costs, Increases Revenues


#Energy Stock News: Enterprise (TSX: $E.TO) Equipment Controls & Automation Lowers Costs, Increases Revenues


ST. ALBERT, Alberta - April 25, 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 further enhanced its proprietary dispatch & asset tracking software now known as "StarChain."


The Company is adding a decentralized and distributed ledger to its Equipment to definitively record all machine data as transactions on a secure private network. The recorded data will be verified via the StarChain Module's and then uploaded to the StarChain Network.

The purpose of StarChain is to monitor location, usage and address repair issues in real time to maximize revenues and vastly lessen equipment downtime from the Company's extensive pool of rental assets. If a piece of equipment fails or experiences a mechanical deficiency on a remote project site, StarChain alerts Enterprise and the fleet manager immediately so that a replacement can be deployed, increasing revenues, efficiency and asset life.

In the past, the client had to inform the Company of issues, the equipment would need to be taken offline and repaired. The technology also ensures the security of the asset against loss, theft or tampering during its deployment.

While the benefits of StarChain for Enterprise are immediate, it also guarantees that clients get superior equipment, service and a new level of control via the "StarChain" client portal, where Site Managers can schedule, report and remote control their rented assets via any connected smart device.

Enterprise's StarChain is Already Well Ahead of the Curve
The Company sees this technology accomplishment as the baseline for future developments within ‘Industry 4.0': The current industrial transformation caused by automation, data exchanges, Big Data, A.I. and IoT. The Company's evolving technology will exploit smart industry as the foundation for a competitive rental service.

"We investigated the benefits of developing a cost effective digital network and the practical applications that would emerge from its existence. We quickly realized that if we were able develop a low-cost solution that made significant financial sense that we could begin offering a competitive and proprietary rental product which would benefit our business and provide our clients with a unique service," stated Desmond O'Kell, SVP, Enterprise. "If we want our assets to communicate with each other we first need to give them the ability to talk. The advantages and efficiencies "StarChain" brings to both Enterprise and its client are substantial."

Enterprise has no plans to sell or license what it sees as an incredible competitive advantage. The technology will be extended to the operations of future acquisitions, this will allow for the significant growth, in size and geographical reach.

The Technology Behind StarChain
Enterprise has developed its solution utilizing a number of technologies. The software is built from Node.js, RethinkDB and Material Design that runs on a customized Linux distro inside the module. The hardware (micro-controller/computer) is built using a similar architecture to the Raspberry PI, providing Enterprise a robust interface to its equipment via GPIO (General Purpose Input Output).

With the module successfully deployed, the current GPS device becomes obsolete, allowing Enterprise to eliminate significant monthly expenses when installed on all our rental assets.

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

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

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Monday, April 23, 2018

Today's Research Reports on Morneau Shepell, Essential Energy, Enterprise Group (TSX: $E.TO), and Badger Daylighting


Today's Research Reports on Morneau Shepell, Essential Energy, Enterprise Group (TSX: $E.TO), and Badger Daylighting

NEW YORK, NY - April 23, 2018 (Investorideas.com Newswire) Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us free at http://rdinvesting.com and get exclusive access to our numerous research reports and market updates.


RDI has Initiated Coverage Today on:
Morneau Shepell Inc.
Essential Energy Services Ltd.
Enterprise Group, Inc.
Badger Daylighting Ltd.

Enterprise Group's stock jumped 11.54% Friday, to close the day at $0.58. The stock recorded a trading volume of 32,733 shares, which was below its three months average volume of 44,006 shares. In the last year, Enterprise Group's shares have traded in a range of 0.28 - 0.62. The share price has gained 107.14% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $0.45 is greater than its 200-day moving average of $0.38. Shares of Enterprise Group have gained approximately 75.76 percent year-to-date.
Access RDI's Enterprise Group, Inc. Research Report at:

Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
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SOURCE: RDInvesting.com

Enterprise Group, Inc. (TSX: E)

is a featured company on Investorideas.com
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 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


Thursday, April 12, 2018

Energy/ Infrastructure News; Enterprise’s (TSX: $E.TO) Asset Tracking Software: Margins Up. Costs Down; @enterprisegrp

Energy/ Infrastructure News; Enterprise’s (TSX: $E.TO) Asset Tracking Software: Margins Up. Costs Down; @enterprisegrp


April 12, 2018 - Commentary for Enterprise Group, Inc.  (TSX: E): One of the great things about being an investor is unearthing something that, while logical, is unexpected: But could be a nifty value add to shareholders. Such an example is Enterprise Group’s (E: TSX) proprietary asset tracking software ‘STAR’; critical to maximum use of equipment and most importantly, getting it back.

Read this news in full at http://www.investorideas.com/CO/TSXE/news/2018/04121AssetTrackingSoftware.asp

Experienced investors will note the potential of Industrial equipment rental leader Enterprise Group, not the least of which is that its book value has risen to $1.01 a share and is trading at 44 cents. This growth is just the latest in a successful strategy taken by Enterprise management after weathering the 2014-15 resource downturn. If anything, the company is leaner and stronger now; the result of the recent sale of subsidiary sale of CT Underground for $20.6 million.

The tale of Enterprise's proprietary ‘STAR’ tracking program is one such story. For those old enough, the software is like Six Sigma on steroids.

Likely the most significant headache/loss/revenue hit haunting all rental businesses (in this case resource and industrial rentals) is the risk of losing a piece of expensive equipment (or several parts that add up to a significant corporate loss.)

Or not realizing maximum usage through inefficient tracking. Given that the security of assets could well be at the whim of client honesty and the weather; pieces lost for a period of time or forever can obviously be costly.


When Enterprise Group (TSX: E) acquired Westar Oilfield Rentals in 2014, one of the assets the company was working on was a business management software, known today as ‘STAR’. Enterprise continued to fund and upgrade the project and found itself with a proprietary asset that is critical to the profitability and cost mitigation of all of its subsidiaries.

Enterprise management currently owns almost 20 percent (just shy of 11 million) of its shares, so investors should not worry about motivation. It intends to be the leader and industrial and resource rental company of choice nationwide.


How E Got Here.

Through strategic plans including asset sales, ongoing cost-cutting and sound business decisions E is leaner, more pivotal and have added diversity to its client base. The fact that Enterprise also designs and builds specialty equipment for our clients—15 patents in place with more coming --means that it can be immediately responsive and relevant to address its private or Government customers' unique needs.

Since January 1, 2018: Key investment metrics evidencing ongoing growth:

1. Secured a $9 million Supply and Services agreement with a significant International resource company.
2. Q4 2017 revenue $10.7m versus Q4 2016 at $8.3m
3. EBITDA Q4 2017 $2.56m versus Q4 2016 $1.87m
4. Net Income Q4 2017 $1.1m versus Q4 2016 loss ($9.9m)
5. EPS Q4 2017 $0.02 versus Q4 2016 loss ($0.85)


In Q1 2018, Enterprise has secured a $9.1 million contract, sold its CT Underground subsidiary for $20.6 million resulting in virtually complete debt retirement. As well, the Company has an acquisition chest of $15 million loan availability for accretive and complementary companies or assets.

Next? STAR.

Financial results of the software use are measurable and impressive:

Proprietary platform for future development and refinement
Task and monitoring capabilities saves two significant salaries
Allows management to plan to deploy company-wide through 3 subs and future acquisitions
Generates a roughly 30 percent annual cost savings
Produced a five up to a possible 10 percent margin improvement
One of the Company's impressive value propositions over competitors
No plans to license; to remain a corporate asset.
Not aware of any competitive software

The software tracks assets, which in itself cuts costs, utilizing the location and site ID put directly on the invoice. The system always knows where the asset is, and fleet managers confirm that on delivery.

This approach keeps the customer up and running and ensures other expended revenue and protection of the asset. The key is the development of about 18 modules that work together and exchange information over a central database; all laid out in a very user-friendly navigational format.






"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.”

Enterprise is not the same Company that went into the 2015 resource downturn.

All Cylinders Firing

Throughout 2017, Enterprise has experienced a meaningful increase in activity from its existing customers coupled with a substantial surge in new customers which has resulted in increased market share for its business units.

Management's efforts to streamline and maximize efficiencies have translated into improved margins, decisive cash-flow quarter after quarter and a return to profitability in Q3 2017.

Management feels that Enterprise is within a very select group of producers and service providers that have aggressively adapted their organizations to operate successfully in the current commodity price environment.




With 2018 starting out with impressive strength, the Company has many other initiatives and strategic business plans to execute, particularly in further debt reduction, potential acquisitions and expansion beyond Western Canada.

With the calculated diversification of its customer base over the last three years, the Company has further mitigated market risk and is exploring substantial development opportunities to grow and enhance shareholder value.



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. 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
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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 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

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