SOURCE: Maisonette International Enterprises Ltd.

August 22, 2006 15:38 ET

Maisonette International Enterprises Ltd. Announces Annual Results Of Operations, Reports Break Even Per Share Results

VANCOUVER, BC -- (MARKET WIRE) -- August 22, 2006 -- Maisonette International Enterprises Ltd. "the Company" (PINKSHEETS: MAEN) is pleased to announce that it has completed its un-audited accounts for its fiscal year 2006. The highlights of the result of operations are listed below:

*          Net income from operations ending June 30 2006 show a loss
  of (US$ -19,423,70) down from a fiscal 2005 loss of (US$
  -206,166.83) or a reduction in losses of over 90%.  This puts the
  Company at a break even status on the basis of approx. 162 million
  shares outstanding as of June 30 2006.
*          Loss per share in 2005 from (US$ - 0.003) per share loss
  to break even of US$ 0.000 in 2006, putting the Company in a
  break-even status for the first time in its 2 year history.
*          Assets increased from US$ 255,958.17 in 2005 to US$
  448,004.08 in 2006.
*          Company has increased its net investments in other
  entities by US$ 197,232.60.
*          Company has enough funds at hand to operate in the next 12
The Company has achieved a break even result for its fiscal 2006 and plans to post a profit for its fiscal year 2007. Results from Operations will be posted onto the Company's website in the next few days for everyone to view. The Company has as of June 30 2006 161,709,950 shares outstanding but is considering canceling an equivalent of up to 8 million shares which were returned from Highgate Capital LLC. as part of the payoff agreement between the PIPE fund and the Company.

Furthermore the Company announces completion and filing of its Form 211 pursuant to 15c2-11 to NASD Regulation Inc.'s OTC Compliance Unit that are required for showing current quotes on MAEN. The Form will be posted shortly on the pink sheets profile website.

Charles Fussenegger, President of the Company and Alain Ghiai, Chairman of the Board of Directors of the Company added: "The Board of Directors is pleased with this result of Operations for the 2006 fiscal year. The Company promised good results for its shareholders and that is what it has delivered today. With our investment in Maple Seal Homes now complete and our investment in pre-IPO Spectre Technology Corporation, we are looking at a positive year for 2007. Our next step now is to continue developing markets for our prefabricated housing products and to maximize shareholder value for the long term. The Board of Directors and Management of the Company are committed to the long term success of Maisonette International Enterprises. We also would like to take this opportunity to thank all our new and long term shareholders for their loyalty and support in the Company."

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 and Canada with interests primarily in 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.

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