GUELPH, ON, Oct. 19 /CNW/ - ENPAR is pleased to report that it has received a "draft" letter of intent from a substantial US 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 US 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 Inc. 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 ongoing negotiations with other major companies in the water products industry. 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.