Maisonette International Enterprises' Subsidiary Signs Exclusive
Distribution Agreement With Pacific Building Systems For All
Panelized Homes Production
Exclusivity Covers Eight European Countries
VANCOUVER, British Columbia, October 30, 2006 - Maisonette
International Enterprises Ltd. "the Company" (PINKSHEETS:MAEN)
http://www.maisonetteworld.com is pleased to announce that on
September 18 2006, its wholly owned Canadian subsidiary Maple Seal
Homes Ltd. ("MSH") www.maplesealhomes.com has signed a new
exclusivity Agreement for the export of its branded "Maple Seal
Homes" panelized timber homes products.
Maple Seal Homes Managing Director, Alain Ghiai is pleased to
announce that a very important Agreement has been signed with a new
manufacturer of panelized timber homes in British Columbia, Canada.
The Exclusivity and Representation Agreement signed with Pacific
Building Systems Inc. ("Pacific Homes") of Cobble Hill, B.C. Canada
gives MSH a total exclusivity for the export of timber framed homes
to eight European countries for the next three years with possibility
of additional countries being added and extensions to the Agreement.
The countries the Exclusivity Agreement covers are:
- The United Kingdom, Belgium, The Netherlands, The
Grand-Duchy of Luxembourg, France, The Principality of Monte-Carlo,
Switzerland and The Principality of Lichtenstein.
MSH's partnership with the old manufacturer Winton Global Homes
("Winton") is being mutually terminated as of November 9 2006. The
change to the new manufacturer was triggered by several events listed
below:
Mr. Ghiai, Managing Director of Maple Seal Homes added: "There are
two main reasons why MSH went with Pacific Homes. The first one
being that ever since Winton unethically and without any explanation
removed MSH's exclusivity in the United Kingdom we felt that
something was brewing up at Winton that would be very detrimental to
our shareholders. The minute we introduced our buyers from the
United Kingdom, Winton started to try to take control of our business
from wanting all payments to go through them, to removing our
exclusivity Agreement we had with them (which was brought to us
personally and to Vancouver and framed by them), to eventually
forcing our hand in handing fifty per cent of our gross profit to
Winton for all homes we sell in the United Kingdom. These conditions
and unethical behaviors were not acceptable for our firm, especially
since we have spent a year working on this deal and spent a lot of
money on it. Furthermore, there have been some drastic middle and
upper management changes at Winton and all these changes came as a
sudden surprise to MSH and were difficult to deal with for us and
some of our potential customers. In short, MSH started to feel very
uncomfortable after Winton unethically removed the Agreements in
place between our two companies. Pacific Homes never forced our
hand in anything and actually has been extremely helpful in
coordinating any request we have had so far. The fact that the
ownership, not just middle management, has signed the Exclusivity and
Representation Agreement with Maple Seal Homes shows that Pacific
Homes is serious about its commitment, just as Maple Seal Homes is
serious about its commitment to accurately represent its manufacturer
and do its best to increase sales over the next few years, and
Pacific Homes did not strong arm us by wanting fifty per cent of our
profit either. The second reason why we went with Pacific Homes is
the fact that for over sixty years, Pacific Homes has been in the
line of business they are in today. With a variety of companies
ranging from lumber supply, to Rona® stores and its building
materials supply division, to the timber framed panelized homes;
Pacific Homes makes the ideal manufacturer partner for MSH. Pacific
Homes, through its vertically integrated network of companies, can
supply at very competitive pricing and in a timely manner any product
or building material MSH and its customers might need. This is a
great advantage over any other company which would compete with MSH.
Pacific Homes also signed an eight country Agreement, with potential
for more territory coverage if MSH delivers the sales to warrant such
an increase in territory coverage. So far, Maple Seal Homes is
looking at a potential seventy five homes in France and over twenty
homes in the United Kingdom. With Pacific Homes as a solid partner
of high quality timber panelized homes and our Exclusivity and
Representation Agreement, we feel we can give it the big push for the
home sales we were planning in Europe."
Maple Seal Homes is currently working on several quotations for its
United Kingdom and France markets and will inform its shareholders of
any further progress in that regard. So far, the pricing is
competitive and the Company believes that its wholly owned subsidiary
Maple Seal Homes will be able to deliver a high quality product at
very competitive prices.
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.
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