VANCOUVER, British Columbia, Sept. 24, 2003 (PRIMEZONE) -- Enterprise Technologies, Inc. (OTCBB:ETPT) today announced it has engaged Thornhill Advisors, a full-service, pro-active financial relations and corporate communications company, to serve as its investor and financial media relations counsel.
Through the development of a comprehensive website and the creation of customized, high-quality, high-impact and fully integrated media communications programs, Thornhill Advisors (www.thornhilladvisors.com) will strive to improve shareholder loyalty, increase industry and investor awareness and enhance the Company's image in the investment community.
For these services, Thornhill Advisors will receive a fee of $216,000, which will be paid by the issuance of 900,000 restricted common shares of Enterprise Technologies at a price of $0.24 per share, the closing price of the Company's shares on September 22, 2003, with 450,000 shares to be issued immediately and the balance issued on December 22, 2003.
About Enterprise Technologies, Inc.
Enterprise Technologies, Inc. is a development-stage healthcare technology company that focuses on under-served high-growth markets.
The Company has developed the MedCare Program, a non-pharmaceutical, non-invasive treatment program for patients suffering from urinary incontinence and other pelvic disorders, including pelvic pain, chronic constipation, fecal incontinence and disordered defecation.
Presently, the Company is searching for potential joint venture partners that have existing operating infrastructures to which the MedCare Program can be added as an ancillary service with minimal overhead. Additionally, Enterprise plans to develop other potential revenue streams from the Company's current intellectual property base and other technology-based ventures.
Legal Notice Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to adverse economic conditions, intense competition, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, termination of contracts or agreements, technological obsolescence of the Company's products or services, technical problems with the Company's research and products, price increases for supplies and components, litigation and administrative proceedings involving the Company, the possible acquisition of new businesses or technologies that result in operating losses or that do not perform as anticipated, unanticipated losses, the possible fluctuation and volatility of the Company's operating results, financial condition and stock price, losses incurred in litigating and settling cases, dilution in the Company's ownership of its business, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other staff, changes in interest rates, inflationary factors, and other specific risks. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent Form 10-QSB and Form 10-KSB filings with the Securities and Exchange Commission.