Macro Enterprises Inc.

Macro Enterprises Inc.

May 13, 2009 15:21 ET

Macro Enterprises Inc. Announces Agreement for Sale of Access Manufacturing

CALGARY, ALBERTA--(Marketwire - May 13, 2009) - Macro Enterprises Inc. (the "Company" or "Macro") (TSX VENTURE:MCR) announces that its wholly-owned subsidiary, Macro Industries Inc. ("Industries"), has entered into an asset purchase agreement with 0845258 B.C. Ltd. ("0845258"), whereby 0845258 will acquire from Industries certain assets used to carry on the business of Access Manufacturing, a division of Industries. Access Manufacturing manufactures, constructs, refurbishes, repairs, rents and sells various products including line heaters, separators, dehydrators, flare stacks, and storage tanks for the oil and gas industry.

The transaction is a non arm's length party transaction pursuant to Policy 5.3 Acquisitions and Dispositions of Non-Cash Assets of the TSX Venture Exchange as a director of the Company owns 16% of the outstanding voting securities of 0845258.

The purchase price for the assets is $750,000, payable in cash at the closing of the transaction, which is expected to occur on or about May 15, 2009. In addition to being subject to the approval of the TSX Venture Exchange, the transaction is subject to customary closing conditions.

Following this transaction, Macro will focus on its core business of oilfield construction and maintenance. The proceeds of this transaction will be used for general working capital.

Macro Enterprises Inc. is a leading oilfield construction and maintenance company with operations centered in Fort St. John, B.C. Macro's activities include pipeline construction, facilities maintenance, custom fabrication and insulating services. Macro is listed on the TSX-Venture Exchange under the symbol MCR-V.

Forward Looking Statements

Certain statements in this news release may include forward-looking information that involves various risks and uncertainties. These may include, without limitation, statements regarding the closing of the transaction, the Company's business focus flowing the transaction and the use of proceeds. These risks and uncertainties include, but are not restricted to, government regulation of energy and resource companies, seasonal weather patterns, maintaining and increasing market share, terrorist activity, the price and availability of alternative fuels, the availability of pipeline capacity, potential instability or armed conflict in oil producing regions and the overall economic environment. For a more detailed description of these risks and uncertainties, please see the section "Risk Factors" in the Company's Annual Information Form for the year ended December 31, 2008 available on SEDAR at These risks and uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

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

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