Enterprise Group, Inc.

Enterprise Group, Inc.

March 26, 2013 07:00 ET

Enterprise Group, Inc. Announces Convertible Debenture With Michael Wekerle's Difference Capital

ST. ALBERT, ALBERTA--(Marketwire - March 26, 2013) - Enterprise Group, Inc. ("Enterprise" or the "Company") (TSX:E) is pleased to announce that it has entered into a financing arrangement to raise gross proceeds of approximately $6,000,000 with its funding partner Difference Capital Funding Inc. ("Difference Capital") (TSXV:DCF). Enterprise expects to close the financing on or about April 25th. Proceeds of this financing will be used to complete strategic acquisitions.

"We are very pleased to have arranged this financing in such a short period of time with the help of our partners at Difference Capital" said Leonard Jaroszuk, President and CEO of Enterprise. "Michael Wekerle and his team have provided us with the funding and advice needed to help move this company to the next level. We are very excited to be working with Difference as we grow this company to be a leader in technology support for the infrastructure build out industry in Canada".

"Leonard and his team at Enterprise have grown this company to be one of the leaders in the Canadian underground construction and heavy equipment rental sectors and we are happy to be their partner as they continue to grow. This is an exciting company and one to watch" said Michael Wekerle, Executive Chairman of Difference Capital.

The financing is expected to consist of approximately $6,000,000 of unsecured convertible debentures ("Debentures") with an annual coupon of 6% per annum. The Debentures will have a two-year term and will be convertible into common shares in the capital of Enterprise Group, Inc. at a price of $0.50 per common share.

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 underground construction & maintenance 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. Enterprise became a Western Canadian leader in flameless heat technology in September 2012 with its acquisition of Artic Therm International Ltd. and is poised to become a technological leader in underground infrastructure construction upon closing of its pending infrastructure construction acquisition.

About Difference Capital Funding Inc.

Difference Capital Funding Inc. is a publicly listed merchant bank focused on creating shareholder value through strategic investments in, and advisory services for, growth companies, particularly in the technology and media sectors, as well as opportunistic investments in undervalued financial assets and real property.

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. In particular, statements with respect to the completion of the proposed acquisition, the terms and conditions of the transaction, the completion of an asset-based debt financing and financial information relating to the private company include forward-looking information. The proposed acquisition may not be completed on the terms and conditions contemplated herein or at all. 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.

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