SOURCE: Maisonette International Enterprises Ltd.

August 20, 2007 14:16 ET

Maple Seal Homes Ltd. To Merge With Partner In Europe, Parent Company Plans Share Buy-Back With Profits In 2008

VANCOUVER BC, UK--(Marketwire - August 20, 2007) -



VICTORIA, British Columbia, August 20, 2007 - Maple Seal Homes Ltd. "MSH" http://www.maplesealhomes.com the wholly owned Canadian subsidiary of Maisonette International Enterprises Ltd. "the Company" (PINKSHEETS: MAEN) is pleased to announce that it is merging with its European partner on a 50-50 equal ownership basis.

The merger will be made final no later than December 30th 2007 and will set the stage for the full operational push towards European export of MSH's Eco-Friendly panelized houses. As part of the merger, MSH will invest in a French wholly owned subsidiary which will in turn act as the importer of all homes in France. Other subsidiaries will be setup once MSH starts exporting housing to other European nations.

MSH and the buyer have finalized several technical details for the first commercial project to be exported to France as soon as December 2007. MSH is expecting the order to come anytime after October of this year and is expecting another project as well to be exported in the beginning of 2008. The Company expects to generate a tremendous amount of leads if this project gets built.

In light of these new developments, the Company is planning to buy back its own shares in the market with some of the proceeds it will get from the sale of MSH's products. The share buyback should start in 2008. The Company will keep its shareholders informed as more development arises.

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. (www.maplesealhomes.com) 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.

Inquiry Contact: Maple Seal Homes Ltd. sales@maplesealhomes.com www.maplesealhomes.com





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