Encore Energy Partners LP (ENP)

[Tackler]

Enpar gets draft LOI from U.S. company, details unknown

2006-10-19 14:33 ET - News Release

Dr. Gene Shelp reports

ENPAR RECEIVES DRAFT LETTER OF INTENT RELATING TO ITS DESEL PRODUCTS

Enpar Technologies Inc. has received a draft letter of intent from a substantial U.S.-based company that is engaged in the water products industry.

Enpar cautions that there is no certainty that the draft letter of intent will result in a definitive agreement between the parties and is not at liberty to disclose the name of the U.S.-based company.

Enpar and its board are considering the draft letter of intent and will keep shareholders informed on a timely basis as to the disposition of the matter.

Enpar and its management are simply trying to keep its shareholders informed about what could be classified or described as a material event that could affect the value of their holdings.

This news should not be construed as a recommendation to purchase or sell shares of Enpar Technologies.

In June, 2006, Enpar initially reported that it had entered into a mutual confidentiality agreement with a major American water company for the sole purpose of evaluating a possible business transaction relating to Enpar's DesEL technology.

The company continues to have continuing negotiations with other major companies in the water products industry.