Macro Enterprises Inc.

Macro Enterprises Inc.

January 08, 2008 20:13 ET

Macro Enterprises Inc. Announces Appointment of New CFO and Grant of Options

CALGARY, ALBERTA--(Marketwire - Jan. 8, 2008) - Macro Enterprises Inc. (the "Company") (TSX VENTURE:MCR) is pleased to announce that T. Jerrold Jackson, C.A., has been appointed Chief Financial Officer of the Company.

Mr. Jackson has been chief financial officer of several public companies including Wittke Inc. (1998-2002), a manufacturer of truck mounted equipment and parts; Taro Industries (1996-1998), a Canadian oilfield services company; and Trimac Limited (1989-1996), a diversified operating company in the transportation and energy services industries.

Mr. Jackson replaces Keith Salmon who was acting as Interim Chief Financial Officer. Mr. Salmon remains as Financial Controller of Macro Industries Inc., the Company's wholly-owned operating subsidiary.

Mr. Jackson has been granted stock options to purchase 150,000 common shares in the capital of the Company exercisable for a period of five years ended ending January 8, 2013 at a price of $0.90 per share. The stock options vest in equal one-third amounts on each of the first, second and third anniversaries of the date of grant.

In addition, the Company has also granted to certain directors and officers, stock options to purchase 175,000 common shares of the Company on the same terms as the options awarded to Mr. Jackson.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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