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Enprise stock surges following NZAX listing

Enprise stock surges following NZAX listing

“We have some success stories behind us – where we created software businesses and solutions that we grew and sold to larger international companies."

Enprise Group has listed on the NZAX board of the New Zealand Securities Exchange (NZX) under the code ENS, with shares opening at 32 cents, peaking at 60 cents and closing the day on 55 cents.

The 1 December stock exchange listing offers an opportunity for all existing Enprise Group shareholders to trade their shares and for New Zealand investors to become shareholders in Enprise Group.

“At this time we own three software businesses that provide world-class financial and business management solutions to medium-sized businesses in New Zealand, Australia and around the world,” says Mark Loveys, CEO, Enprise Group.

“We have some success stories behind us – where we created software businesses and solutions that we grew and sold to larger international companies.

“In all, we have created value for our customers, partners, staff and shareholders.

“Going forward, we are in the business of creating many more business successes by utilising the talented and creative people we have in New Zealand and Australia, taking our software and services to the world and to our own home markets in New Zealand and Australia.”

Loveys was the original developer of the Exonet ERP business software solution, now called MYOB EXO, which is the most widely installed business software among mid-sized companies across Australia and New Zealand.

Other high profile achievements include the development and sale of the EMS Cortex cloud ‘provisioning’ software, sold to Citrix in February 2011 for a reported $18 million.

Loveys was also a co-founder and major shareholder in Datasquirt, an innovative call centre software product sold to Californian call centre provider LiveOps for $16.4 million in November 2011 - the cashed up Datasquirt shell became a vehicle for Enprise Group to list on the ASX.

“This is a compliance listing with the NZAX, which means that Enprise is not issuing new shares to the market at this time,” Loveys adds.

“Thus, we offer an opportunity for all existing Enprise Group shareholders to trade their shares and for New Zealand investors to join us on our way into a prosperous future.

“I can tell you that I am not selling any of my Enprise shares and have no intention to sell for the foreseeable future.”

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