ST. ALBERT, ALBERTA--(Marketwire - July 25, 2012) - Enterprise Group, Inc. (formerly Enterprise Oilfield Group, Inc.) (the "Corporation") is pleased to announce that it has changed its name from Enterprise Oilfield Group, Inc. to Enterprise Group, Inc. This change reflects the further diversified direction the Corporation is taking. The trading symbol of the Corporation (TSX:E) has not changed. The name change was approved at the annual and special meeting of the shareholders of the Corporation which was held on May 31, 2012.
The Corporation is also please to announce the appointment of Keir B. Reynolds to the board of directors of Enterprise, effective immediately.
The Enterprise Group welcomes its new director, Mr. Reynolds, who is the founder of Mammoth Market Advisory Corp., a firm that he founded in 2011 to assist high-growth companies with their capital markets strategies. Mr. Reynolds has assisted in all aspects of a company's growth profile from seed capital through to M&A transactions including comprehensive investor relation (IR) services. Mr. Reynolds' expertise and extensive experience will assist Enterprise in developing a highly effective IR campaign to illustrate the company's current trajectory of growth, profitability and diversification. Mr. Reynolds currently sits on the board of directors of several public and private companies.
Leonard Jaroszuk, President, CEO and Chairman of the board of Enterprise comments; "Our Board of Directors is extremely pleased to have two uniquely skilled executives join Enterprise. The recent additions of Mr. John Pinsent and Mr. Keir Reynolds to the board of directors further positions the Corporation for its growth in the diversified industrial services sector."
In other developments the Corporation has recently published two new websites that are now online. Further to the formal launch of Enterprise's heavy equipment rental division E One Limited. Enterprise invites you to visit www.eoneequipment.com to view the services and equipment inventory that E One Limited offers the broad based construction industry. Also, the Corporation's utility construction and maintenance division, T.C. Backhoe & Directional Drilling has published its website and can be reached at www.tcbackhoe.com