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Published: 17:49 07.11.2006 GMT /HUGIN /Source: Maisonette International Enterprises Ltd. /LSE: MAEN /ISIN: US5606682046
Maisonette International Enterprises Ltd. Releases Update Of European Orders
VANCOUVER, British Columbia, November 7, 2006 - Maisonette International Enterprises Ltd. "the Company" (PINKSHEETS:MAEN) http://www.maisonetteworld.com/" class="hugin">www.maisonetteworld.com is pleased to announce that its wholly owned Canadian subsidiary Maple Seal Homes Ltd. ("MSH") http://www.maplesealhomes.com/" class="hugin">www.maplesealhomes.com has received several requests for quotations from its representative office in France and in the United Kingdom for upcoming orders to be closed in 2007.
The Company wholly owned subsidiary, MSH expects to start exporting homes to several locations in the United Kingdom and France for 2007 as it has received confirmations from the United Kingdom on one of its projects in the planning stage and it is very confident that its first project in France will be sold by the second half of 2007. MSH is bidding for projects in Northern and Southern France as well as the Parisian suburban region. Its pricing is extremely competitive and the demand in France is very high for the country itself. Already, as previously announced October 19th 2006, MSH is bidding for a project of forty five homes in the northern region of France and has received other inquiries as well. MSH expects to have more news on this and other French clients by the middle of November 2006.
In the United Kingdom, MSH has been working on mainly one large project and has now received inquiries for two additional projects to be quoted for bidding as well. MSH has received assurances that several orders will be placed in 2007 from one or more of these projects. Further bidding and inquiries are expected from the United Kingdom as well. All in all, MSH expects to bid for up to six million US dollars of timber framed homes for export in Europe in 2007 and it expects to close on a portion of these orders in 2007. The plan for 2008 onward is to start building momentum in France and the United Kingdom by exporting up to fifty homes per year and growing, while working on its other markets in Belgium and Switzerland during that same year.
The Company and its Board of Directors is very pleased with this development and is looking forward to a positive 2007. With the sales and funds MSH and the Company will be able to accumulate, the Company's long term outlook is looking very bright. The company is also confident that once a sum of cash has been saved from earnings, it will have more than enough resources to hire a professional public relations firm in order to educate the investment community about its business and inherent value. The Company has also not ruled out an outright share buy-back once steady income has been generated.
The Company also encourages everyone to go to MSH's website at http://www.maplesealhomes.com/" class="hugin">www.maplesealhomes.com to learn more about MSH and its business. Further news will be issued as soon as MSH reports its progress on its bidding for its homes in France by the middle or end of November 2006.
About Maisonette International Enterprises Ltd.
Maisonette International Enterprises Ltd. is a publicly held holding company incorporated in Nevada, USA. Its primary asset is a 100% wholly owned Canadian company called Maple Seal Homes Ltd. http://www.maplesealhomes.com/" class="hugin">www.maplesealhomes.com with its primary activity being the sale and distribution of panelized prefabricated housing and building materials for the general public and professionals.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors affecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission. There may be other factors not mentioned above that may cause actual results to differ materially from any forward-looking information.
Globus Media Ltd.
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