Enterprise Group, Inc. Announces Fourth Quarter 2012 Results

Enterprise Group, Inc. Announces Fourth Quarter 2012 Results 
ST. ALBERT, ALBERTA -- (Marketwire) -- 03/19/13 -- Enterprise Group,
Inc. (TSX:E) is pleased to announce the Company's fourth quarter
results, and its sixth consecutive quarter of profitability. The
Company recorded a consolidated net income from operations of $1.4
million for the three months ended December 31, 2012, compared to
$0.9 million for the three months ended December 31, 2011, an
increase of 56%. Revenue was $6.6 million for the three months ended
December 31, 2012, compared to $6.2 million for the same period in
the prior year, an increase of 6.5% and EBITDAS increased by 60.1% to
$2.0 million compared to $1.3 million for the fourth quarter of 2011. 


 
                                   Summary of Financial Results             
                                             Three Months Ended             
(millions)                         Dec. 31, 2012  Dec. 31, 2011    % Change 
                                                                            
Revenue                           $          6.6 $          6.2         6.5%
                                                                            
EBITDAS (1)                       $          2.0 $          1.3        60.1%
                                                                            
Net Income (loss)                 $          1.4 $          0.9        56.0%

 
NOTE: Changes in percentage are representative of whole unrounded
numbers 
President and CEO of Enterprise, Leonard Jaroszuk is also very
pleased to announce the appointment of Doug Bachman to the position
of Chief Operating Officer. Doug brings in excess of 25 years
experience of Corporate Finance and Management from a major financial
institution. This experience has provided him with extensive
knowledge in credit, team building and leadership. During his
financial career Doug has attained numerous top performance and
achievement awards across Canada.  
Doug has gained valuable experience and insight in H/R consulting,
marketing, strategic planning and business planning, along with
experience in corporate credit and investment strategies. Over the
past number of years, Doug has been actively involved in continuous
improvement and has had the opportunity to impact quality management
by initiating ISO 9001 quality standards. 
Mr. Jaroszuk welcomes Mr. Bachman and looks forward to the expertise
in finance and strategic integration that he brings to Enterprise.  
The Company's annual yearend audit is currently under way however it
has not yet been completed. The financial figures presented in this
release are reported in Canadian dollars, have been prepared in
accordance with International Financial Reporting Standards and are
subject to audit verification and adjustments. The Company expects to
release its audited consolidated yearend financial statements and
MD&A no later than March 28, 2012.  
(1) EBITDAS = Earnings Before Interest, Tax, Depreciation,
Amortization and Stock Based Compensation   
Forward Looking Information 
Certain statements contained in this news release constitute
forward-looking information. These statements relate to future events
or the Company's future performance. The use of any of the words
"could", "expect", "believe", "will", "projected", "estimated" and
similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking information
and are based on the Company's current belief or assumptions as to
the outcome and timing of such future events. Actual future results
may differ materially. In particular, statements with respect to the
completion of the proposed acquisition, the terms and conditions of
the transaction, the completion of an asset-based debt financing and
financial information relating to the private company include
forward-looking information. The proposed acquisition may not be
completed on the terms and conditions contemplated herein or at all.
The Company's Annual Information Form and other documents filed with
securities regulatory authorities (accessible through the SEDAR
website www.sedar.com) describe the risks, material assumptions and
other factors that could influence actual results and which are
incorporated herein by reference. The Company disclaims any intention
or obligation to publicly update or revise any forward-looking
information, whether as a result of new information, future events or
otherwise, except as may be expressly required by applicable
securities laws. 
Non-GAAP Measures 
This news release contains references to EBITDA. The Company uses
accounting principles that are generally accepted in Canada (the
issuer's "GAAP"), which includes without limitation, International
Financial Reporting Standards ("IFRS"). EBITDA is not a measure that
has any standardized meaning prescribed by IFRS and is therefore
referred to as a non-GAAP measure. This non-GAAP measure used by the
Company may not be comparable to a similar measure used by other
companies. Management believes that in addition to net income, EBITDA
is a useful supplemental measure as it provides an indication of the
results generated by the Company's principal business activities
prior to consideration of how those activities are financed or how
the results are taxed. EBITDA is calculated as net income excluding
depreciation, amortization, interest and taxes.
Contacts:
First Canadian Capital Corp.
Daniel Boase
416-742-5600
DBoase@firstcanadiancapital.com 
First Canadian Capital Corp.
145 Front Street East
Toronto, ON M5A 1E3 
Enterprise Group, Inc.
Leonard D. Jaroszuk
President & CEO
780-418-4400 
Enterprise Group, Inc.
Desmond O'Kell
Vice President
780-418-4400
contact@EnterpriseGRP.ca
www.EnterpriseGRP.ca