SOURCE: Maisonette International Enterprises

March 27, 2006 09:16 ET

Maisonette International Enterprises Increases Stake In Maple Seal Homes Holding

VANCOUVER, BC -- (MARKET WIRE) -- March 27, 2006 --

VANCOUVER, British Columbia, March 27, 2006 - Maisonette International Enterprises Ltd. "the Company" (OTC: MAEN) http://www.maisonetteworld.com is pleased to announce its acquisition of 100% of Maple Seal Homes Ltd. of Vancouver Canada.

The Board of Directors of Maisonette International Enterprises Ltd. has agreed to acquire the 75% ownership in Maple Seal Homes Ltd. "MSH" ( www.maplesealhomes.com ) it does not already own. The Company is paying for the transaction through a share exchange with the owners of MSH, after having come to a mutual agreement with MSH's management and ownership. The transaction will consist of the transfer of a number of shares of another of the Company's holdings, Spectre Technology Corporation, in exchange for 75% of all outstanding shares of MSH.

MSH has recently announced the potential sale of panelized pre-fabricated homes to the United Kingdom, through a dealership agreement completed with Winton Global of Prince George Canada, the manufacturer of the homes to be sold. Several other projects are in the pipeline for MSH, including a potential project in Switzerland. The transaction should be completed no later than April 17th 2006.

Charles Fussenegger, President of the Company added: "I am very pleased with this transaction, as the Company will now be able to benefit directly from the sales and profits of MSH. This will reflect on our company's earnings in 2007, as sales of pre-fabricated homes should yield some solid results in the next few years. This is part of our strategy to increase shareholders value and make the Company a solid Holding Company producing constant revenues and profits for its shareholders. We look forward to the completion of this transaction in the very near future."

Further details will be provided at the close of this transaction.

About Maisonette International Enterprises Ltd.

Maisonette International Enterprises Ltd. is a publicly held holding company incorporated in Nevada, USA. Its assets include several holdings operating in the USA, Canada and the United Kingdom with interests in e-Business, electronic payment processing, online retailing and lifestyle content, and 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.

Contact:

          Globus Media Ltd.
          Investor Relations
          investors@maisonetteworld.com
          www.maisonetteworld.com


Copyright © Hugin ASA 2006. All rights reserved.

Contact Information