SOURCE: Maisonette International Enterprises Ltd.

December 29, 2006 14:07 ET

Maisonette International Enterprises Ltd. Year End Update

VANCOUVER BC, UK -- (MARKET WIRE) -- December 29, 2006 --Maisonette International Enterprises Ltd. "the Company" (PINKSHEETS: MAEN) wishes all its shareholders and associates a very happy New Year for 2007.

The Company is pleased to report that it has achieved all its goals for 2006 and is looking forward to a very favorable and productive year in 2007. Among some of the events the Company is looking forward are:

* Sales of more homes in the United Kingdom from our wholly
  owned subsidiary Maple Seal Homes Ltd.(
* Sales of homes in France for the first time and
  potentially in Belgium or Switzerland
* Increased cash flow and profitability
* Sale of homes in the United States of America for the
  first time
* IPO of its holding of 2.5 million shares of Spectre
  Technology Corporation ( and
The Company's wholly owned subsidiary Maple Seal Homes Ltd. ("MSH") is planning to formally establish a Joint-Venture Partnership in Europe with a Swiss entity for all of the territories with the exception of the United Kingdom. This Joint-Venture is dependent on the first sale of homes in France from MSH's partner in Europe. MSH is targeting a goal of fifty thousand square feet minimum per year of home sales in France alone from 2008 onward. Other territories could double this figure by 2012.

Maple Seal Homes is also gaining a price advantage as the European Currency is appreciating greatly against the US and Canadian dollars. This helps companies like MSH as it quotes its prices in Canadian Dollars only and does not perform any hedging. MSH holds an exclusivity of distribution on eight European countries with options for more if sales warrant the expansion. MSH is also finalized its website design in French language and is working on the last tweaks which will be ready by January 2007. The website will feature several model homes and will have a special section for projects already under construction.

The Board of Directors of the Company is looking forward to achieving the targets set for 2007 and wishes to thank all those who supported the Company through its tumultuous two years since going public. The Company wishes everyone a very prosperous and healthy New Year 2007 and looks forward to the coming year.

On behalf of the Board of Directors

Alain Ghiai
Chairman of the Board
About Maisonette International Enterprises Ltd.

Maisonette International Enterprises Ltd. is a publicly held holding company incorporated in Nevada, USA. Its primary asset is a 100% wholly owned Canadian company called Maple Seal Homes Ltd. ( with its primary activity being the sale and distribution of 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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