ENPAR TO COMMENCE NORMAL COURSE ISSUER BID

GUELPH, ON, Feb. 7 /CNW/ -- 
GUELPH, ON, Feb. 7 /CNW/ - ENPAR Technologies Inc. (TSX-V: ENP) ("ENPAR"
 or the "Company") announces that the TSX Venture Exchange (the
 "Exchange") has accepted a notice filed by the Company stating its
 intention to initiate a Normal Course Issuer Bid ("NCIB").


The notice provides that ENPAR may purchase for cancellation up to
 2,990,528 of its common shares, representing approximately 5% of the
 59,810,578 issued and outstanding common shares of the Company.
 Pursuant to the NCIB, ENPAR will pay the market price for any common
 shares at the time of purchase during the 12 month period commencing
 February 7, 2011 and ending February 6, 2012. All purchases will be
 made through the TSX Venture Exchange by Foster & Associates, a Toronto
 brokerage firm, acting as an independent trustee on behalf of ENPAR 


The Company is making the NCIB as it is of the view that the common
 shares have been trading at a range that does not adequately reflect
 their value in relation to the Company's assets and growth prospects.
 To the extent that the Company purchases for cancellation such common
 shares in accordance with the NCIB, the holdings of remaining
 shareholders would represent an increased proportion of the common
 shares outstanding and, all other things remaining equal, are expected
 to result in an increased net asset value per common share.


ENPAR purchased and cancelled 10,000 common shares in 2010 pursuant to a
 NCIB which terminated on April 26, 2010.


About ENPAR Technologies Inc.


ENPAR is a "Technology Company" applying its patented and proprietary
 "Electrochemical Technologies" to the treatment of waste water,
 desalination water and drinking water contaminated by metals or
 nutrients, i.e., nitrate/ammonia associated with the mining, metal
 processing, chemical, agricultural, municipal and waste management
 sectors. The common shares trade on Tier ll of the TSX Venture Exchange
 under the symbol "ENP". At present, ENPAR holds a total of 20 patents
 and has submitted an additional 18 patent applications related to six
 distinct technologies.


The TSX Venture Exchange has not reviewed and does not accept
 responsibility for the adequacy or accuracy of this release.


Forward Looking Statements


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.  Certain statements contained in this press release and in certain
 documents incorporated by reference into this press release constitute
 forward-looking statements. The use of any of the words "anticipate",
 "continue", "estimate", "expect", "may", "will", "project", "should",
 "believe" and "confident" and similar expressions are intended to
 identify forward-looking statements. These statements involve known and
 unknown risks, uncertainties and other factors that may cause actual
 results or events to differ materially from those anticipated in such
 forward-looking statements. ENPAR believes that the expectations
 reflected in those forward-looking statements are reasonable but no
 assurance can be given that these expectations will prove to be correct
 and such forward-looking statements included in, or incorporated by
 reference into, this press release should not be unduly relied upon.
 These statements speak only as of the date of this press release. ENPAR
 undertakes no obligation to publicly update or revise any
 forward-looking statements, whether as a result of new information,
 future events or otherwise.


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