VANCOUVER, British Columbia, June 24, 2005 (PRIMEZONE) -- Maisonette International Enterprises Ltd. ("The Company") (Pink Sheets:MAEN) http://www.maisonetteworld.com is pleased to announce its report on operations and progress for the period of January 2005 to June 2005.
The management of the Company is pleased to announce its progress report for the fist half of the year 2005. During this time, the Company has undergone many positive changes and has improved its sales and operations in all its subsidiaries. Here are the Highlights of what our Group has been doing since the beginning of the year.
- Established a Licensing Agreement with one company in the United
Kingdom and another in the USA for our e-Commerce Application.
- CEO of the Company has been featured in The Province newspaper
of British Columbia
- The Company and the CEO were interviewed and published by the
Wall Street Journal in the Special Report on Technology in June
- The Company raised enough capital to sustain its 12-month
expense requirements and expect profitability in 2006
- The Company has established the acquisition of its subsidiaries
for a 25% stake in Total Home Solutions, Inc. in the USA,
Maisonette Home Products, Ltd. in Canada and Maisonette Online,
plc. in the United Kingdom
- The Company is applying for inclusion in the OTC Bulletin Board
as soon as its Audited Financials have been signed off by its
Auditors.
- Fundraising for UK subsidiary is in progress and has yielded
results, cash on hand in UK bank for start of operations online
with www.mymaisonette.com established. UK operations to start in
September 2005, yielding positive net cash returns within the
first 12 months of operations.
- Maisonette International Enterprises, Ltd. has completed its
unaudited financials for the year June 2004-June 2005 and is in
process of having its Auditors review all documentation
- Alain Ghiai, CEO of the Company was interviewed on CEOCast
(www.ceocast.com) on June 23rd, 2005
- www.totalhomestore.com Web site revamped in back-end functions
and front-end graphics and look.
- Increased the quantity of SKUs that we carry
- Attended tradeshows to source new products, established over 20
partnerships with new suppliers
- Increased efficiency in product feeds to third-party sellers,
such as Shopping.com, Biz Rate and Yahoo! Shopping.
- Created new sections such as Baby and Pet section in
totalhomestore.com, giving the company further access to a wide
range of online shoppers
- Becoming a Borderfree (www.borderfree.com) partner and the
implementations of the program for Canada launch in July 2005
- Hired in-house CPC Web marketing resulting increase conversion
rate to our online retail site www.totalhomestore.com and
reduction in CPA (cost per acquisition) rate.
- Signed a contract with Klear Communication
(www.klearcommunication.com) to campaign our Canadian customers
- We have been contacted by and featured in Chow Magazine
(www.chowmag.com) and Food & Wine Magazine. We are also
contacting over 250 magazines to share with them our site and
products and how we will suit their magazine articles.
- Maisonette Home Products, Ltd. has signed and established an
exclusive partnership with Winton Global (www.wintonglobal.com)
to export panelized framed homes to the UK. An advance
negotiation is in progress for a first shipment of up to 250
homes to the United Kingdom for a couple of housing developers.
Alain Ghiai, Chairman and Founder commented: "Although we are constantly making new progress, we wanted to show our existing and future shareholders the milestones achieved. I am very pleased with the results to date and we all expect a strong 3rd and 4th quarter for 2005. I look forward to expanding our operations in the United Kingdom and increase sales in Canada and the USA."
About Maisonette International Enterprises Ltd.
Maisonette International Enterprises Ltd. is a publicly held holding company incorporated in Nevada, USA. Its assets include several subsidiaries with interests in e-Business, online retailing and lifestyle content, 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.