Technology News

Enterprise Group, Inc. (TSX: E) ("Enterprise" or the "Company") announces that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to renew its normal course issuer bid to purchase outstanding common shares of the Company ("Shares") on the open market in accordance with the rules of the TSX.

The Company is authorized to purchase up to 2,401,064 Shares under the normal course issuer bid, representing 10% of its public float, as of August 22, 2022. As of that date, there were 47,540,874 Shares issued and outstanding. The average daily trading volume of the Shares for the six months ended July 31, 2021, calculated in accordance with the rules of the TSX, was 55,199 Shares. Enterprise is subject to a daily repurchase limit of 25% of such volume, being 13,799 Shares, except where such purchases are made in accordance with the block purchase exemption under TSX rules.

Enterprise intends to renew the normal course issuer bid effective August 30, 2022 and continue the bid until August 29, 2023 or such earlier time as the bid is completed or terminated at the option of the Company. All Shares purchased under this bid will be purchased in the open market through the facilities of the TSX or alternative Canadian trading systems at the prevailing market price at the time of such transaction. Shares acquired under the bid will be cancelled. During the past 12 months, the Company has purchased an aggregate of 1,663,000 Shares (of a maximum of 2,670,778 Shares) at a weighted average price of $0.29 per Share.

Enterprise's Board of Directors has authorized the normal course issuer bid as it is believed that the purchase of the Shares pursuant to the normal course issuer bid is in the best interest of shareholders as the Shares may become available at prices that make an attractive investment and appropriate use of the Company's funds.

About Enterprise Group, Inc.

Enterprise Group, Inc is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada. More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedar.com.

For questions or additional information, please contact:

Leonard Jaroszuk: President & CEO, or
Desmond O'Kell: Senior Vice-President
contact@enterprisegrp.ca
780-418-4400

Forward-Looking Information

This news release may contain certain forward-looking information, as defined under applicable Canadian securities legislation, that is not based on historical fact, including without limitation statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions. In particular, this news release includes forward-looking information relating to the Company's intention to purchase Shares pursuant to the normal course issuer bid, the number of Shares to be purchased, the timing of such purchases and the impact of such purchases on the value of the remaining Shares. Actual results, events or developments could be materially different from those expressed or implied by these forward-looking statements. There is no assurance that any of the events or expectations will occur or be realized. By their nature, forward-looking statements are subject to numerous assumptions and risk factors including those discussed in the Company's Annual Information Form and most recent MD&A which are incorporated herein by reference and are available through SEDAR at www.sedar.com. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134851

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E:CA
Enterprise Group Announces Results for Second Quarter 2022

Enterprise Group Announces Results for Second Quarter 2022

Enterprise Group, Inc. (TSX: E) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment rental to the energyresource sector), emphasizing technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas emissions for small to Tier One resource clients, is pleased to announce its Q2 2022 results.

Three months
June 30, 2022
Three months
June 30, 2021
Six months
June 30, 2022
Six months
June 30, 2021
Revenue$5,297,685 $3,225,543 $12,927,103 $9,084,830 
Gross margin$1,610,18830%$580,31218%$5,131,97340%$3,306,69936%
Adjusted gross margin(1)(2)$1,610,18830%$120,9504%$5,131,97340%$2,046,82123%
Adjusted EBITDA(1)(2)$1,015,97819%$(394,835)(12)%$4,045,80331%$1,070,54712%
Net (loss) income and comprehensive (loss) income$(513,268) $(1,626,547) $1,164,744 $(1,532,910) 
(Loss) income per share - Basic$(0.01) $(0.03) $0.02 $(0.03) 
(Loss) income per share - Diluted$(0.01) $(0.03) $0.02 $(0.03) 


(1) Identified and defined under "Non-IFRS Measures".

(2) The Canadian Emergency Wage Subsidy and Rent Subsidy Programs ended in October 2021. Starting in Q4 2021 to provide further comparability to pre-COVID operations, the Company has presented an Adjusted Gross Margin and Adjusted EBITDA to reflect the results of operations without any subsidy programs.

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Enterprise Group Announces Annual and Special Meeting Results

Enterprise Group Announces Annual and Special Meeting Results

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Election of Directors

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Enterprise Group Announces Results for Third Quarter 2018

Enterprise Group Inc (TSX:E) (the “Company” or “Enterprise”), a consolidator of services to the energy sector; focused primarily on specialized equipment rental; today released its Q3 2018 results.

Consolidated:Three months ended
September 30, 2018
Three months ended
September 30, 2017 restated(2)
Nine months ended
September 30, 2018
Nine months ended
September 30, 2017 restated(2)
Revenue$4,846,989$5,706,413$14,897,845$16,954,144
Gross margin$593,073$1,272,241$1,406,447$4,444,766
Gross margin %12%22%9%26%
EBITDA(1)$33,164$859,338$(660,993)$2,425,178
Loss before tax$(1,521,703)$(1,070,240)$(5,151,460)$(3,207,509)
Net (loss) income$(1,100,220)$328,933$(1,244,714)$(1,308,998)
EPS$(0.02)$0.01$(0.02)$(0.02)

(1) Identified and defined under “Non-IFRS Measures”.
(2) In March 2018, the Company closed a transaction to divest substantially all the assets of CTHA. The net operations of CTHA, including the prior period, are presented as a single amount in the consolidated statements of income (loss) and comprehensive income (loss).

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Enterprise Group Announces Normal Course Issuer Bid

Enterprise Group Inc (TSX:E) announces that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to make a normal course issuer bid to purchase outstanding common shares of the Company (“Shares”) on the open market in accordance with the rules of the TSX.

The Company is authorized to purchase up to 4,393,820 Shares under the normal course issuer bid, representing 10% of its public float, as of August 7, 2018. As of that date, there were 55,147,374 Shares issued and outstanding. The average daily trading volume of the Shares for the six months ended August 7, 2018, calculated in accordance with the rules of the TSX, was 37,550 Shares. Enterprise is subject to a daily repurchase limit of 25% of such volume, being 9,387 Shares, except where such purchases are made in accordance with the block purchase exemption under TSX rules.

Source: www.newswire.ca

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