TORONTO, Oct. 16 /CNW/ - ENPAR announces that the TSX Venture Exchange has accepted the Company's proposal to issue 20,000 shares at a deemed price of $0.25 per share pursuant to the letter agreement dated June 5, 2006. The shares will be issued as compensation to the Chairman of the Board in consideration of services provided to the Company for the quarter ended September 30, 2006. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause ENPAR Technologies Inc. results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof.