MLB Industries Inc. Signs Letter of Intent to Combine With Etiah H. Enterprises Inc.

(NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES)


MLB Industries Inc. (CNSX:BMP) ("MLB") and Etiah H. Enterprises Inc. ("Etiah")
are pleased to announce that they have entered into a non-binding letter of
intent (the "Letter of Intent") on December 18, 2009 wherein MLB would combine
with Etiah by way of a reverse take-over, amalgamation, arrangement, exempt
takeover bid, security purchase or security exchange agreement or other similar
form of transaction (the "Proposed Transaction"). It is currently anticipated
that the Proposed Transaction will constitute a reverse take-over of MLB by
Etiah pursuant to the applicable policies of the Canadian National Stock
Exchange (the "CNSX"), that the resulting issuer will be named "Etiah H.
Enterprises Ltd." (the "Resulting Issuer") and that Mr. Gratien Etiah, the
President and Chief Executive Officer of Etiah, will be the Chairman, Chief
Executive Officer and a director of the Resulting Issuer. 


Summary of the Letter of Intent and the Proposed Transaction

Under the terms of the Letter of Intent, MLB and Etiah intend to negotiate a
definitive agreement (the "Definitive Agreement") by March 31, 2010, whereby MLB
proposes to issue common shares of MLB (the "MLB Shares") in exchange for all of
the issued and outstanding common shares of Etiah (the "Etiah Shares"). 


The final number of MLB Shares to be issued in exchange for the Etiah Shares
will be based on the parties' current valuation as contained in the Letter of
Intent and any changes thereto arising from the results of the parties' mutual
due diligence (the "Agreed Valuation"). 


The Letter of Intent is subject to an exclusivity period until March 31, 2010
(the "Exclusivity Period") unless the Letter of Intent is terminated earlier in
accordance with its terms. During the Exclusivity Period, both parties have
agreed to exclusively negotiate with one another the final terms and conditions
for the Definitive Agreement (the "Exclusivity Covenant") and each shall
continue to operate its business in the ordinary course. If during the
Exclusivity Period a party to the Letter of Intent breaches the Exclusivity
Covenant, then such party shall immediately pay the other party a fee of $50,000
unless the parties mutually agree in writing to terminate the Letter of Intent
then no such fee is payable.


Either party may terminate the Letter of Intent if any applicable regulatory
authority has indicated to either MLB or Etiah that it will not permit the
Proposed Transaction to proceed or if such party is not satisfied with the
results of its due diligence by February 25, 2010. In addition, Etiah may
terminate the Letter of Intent if MLB is unable to complete certain private
placements as specified in the Letter of Intent by January 22, 2010 and March 1,
2010. In the event that MLB receives the Partial Revocation Order (as defined
below), the details of such financing will be the subject of a further press
release.


In addition, pursuant to the Letter of Intent and in the event that MLB
completes the financing contemplated therein, MLB and Etiah intend to negotiate
a subordinated secured loan from MLB to Etiah to fund Etiah's ongoing cost of
the Proposed Transaction.


Nathan Hansen, President of MLB said, "We are excited by the benefits and
opportunities that this transaction will provide our two companies. We believe
that this transaction offers significant potential value for both MLB and Etiah
shareholders, and will position the Resulting Issuer for significant future
growth." 


Gratien Etiah, President and CEO of Etiah agreed and said "I believe the
Proposed Transaction is the right fit for our shareholders and will provide
Etiah with a strong position to accelerate its growth both organically and
through accretive acquisitions, raise its profile within the investment
community, and provide the necessary stimulus to achieve a winning position in
its business space." 


The completion of the Proposed Transaction is subject to several conditions,
including (i) both parties entering into the Definitive Agreement and the
satisfaction of the terms and conditions to be set forth therein; (ii)
completion of the financings contemplated by the Letter of Intent; (iii) final
agreement by Etiah and MLB as to the Agreed Valuation; (iv) completion of all
necessary legal, financial and technical due diligence reviews; and (v) receipt
of all necessary consents and approvals, including board, shareholder approvals
of both parties (as applicable), the Partial Revocation Order (as defined
herein) and regulatory and CNSX approvals. 


Completion of the Proposed Transaction is subject to CNSX acceptance and the
Proposed Transaction cannot close until any required shareholders approvals have
been obtained. There can be no assurance that the Proposed Transaction will be
completed as proposed or at all.


Investors are cautioned that, except as disclosed in the Management Information
Circular to be prepared by MLB in connection with the Proposed Transaction, any
information released or received with respect to the Proposed Transaction may
not be accurate or complete and should not be relied upon. The securities of MLB
should be considered highly speculative.


About MLB

MLB is currently subject to a cease trade order issued by each of the Alberta
Securities Commission (the "ASC"), the British Columbia Securities Commission
(the "BCSC") and the Ontario Securities Commission (the "OSC") for failing to
comply with certain continuous disclosure obligations (collectively, the "CTO").
A partial revocation of the CTO by the ASC and the BCSC (the "Partial Revocation
Order") is a condition precedent to the completion of certain financing
obligations of MLB pursuant to the Letter of Intent. On December 18, 2009, MLB
applied to each of the ASC and the BCSC for such partial revocations. Full
revocation of the CTO by the ASC, the BCSC and the OSC will be a condition
precedent to the completion of the Proposed Transaction. 


About Etiah

Etiah, a private Canadian company based in Montreal, Quebec, is a SAP partner
that provides business intelligence software which helps companies make more
informed decisions and maximize their investment in an integrated SAP system. As
a SAP partner, Etiah offers consulting services, the integration and
optimization of SAP systems, as well as the evaluation, implementation and
ongoing improvement of these systems. One of the main objectives of Etiah is to
make enterprise resource planning ("ERP") systems and business intelligence
("BI") and performance management solutions more easily accessible to small and
mid-size companies which, according to IT industry research, represents the
fastest growing segment of the internationally robust BI software industry. 


Etiah has partnered with SAP Canada Inc. ("SAP") through the SAP(R)
PartnerEdge(TM) program to deliver software solutions and services to help
mid-size companies integrate their business processes, optimize operations and
grow their businesses. 


"Our customers want a flexible, affordable and easy-to-use ERP and BI solutions
that provide deep visibility into the entire organization and is specifically
developed for companies in their industry and for the mid-market segment," said
Gratien Etiah, President and CEO of Etiah. "SAP(R) Business All-in-One solutions
works very well with our customers' requests. Its scope and ability to integrate
custom applications allows Etiah to provide its customers with another key
benefit - cost, time and scope certainty." 


Etiah brings a unique fixed-price, fixed-scope and fixed-delivery methodology to
business solutions. Etiah consults in all industries and has the expertise in
industries that require a project-based approach. Etiah has helped SAP customers
to improve their management processes and to obtain a complete view of their
operations, resulting in improved financial performance. 


Etiah delivers SPICE, its own integrated solution for the mid-size market which
Etiah developed based on SAP business suite applications and SAP best practices
packages. SPICE enables and helps companies: 




  (a)  simplify and optimize their business processes;    
  (b)  improve their performance;                         
  (c)  increase visibility on operations and cost; and    
  (d)  increase profitability.                            



Additionally and significantly, Etiah has increasingly dedicated its internal
resources to the research and development of proprietary business management
software solutions currently not available in the market place, including but
not limited to, (a) solutions in cloud computing (an emerging computing
technology that uses the internet and central remote servers to maintain data
and applications, allowing the full use of applications without the need for
local installation and permitting access to required data via any computer in
the world with internet access) and (b) Software as a Service (SaaS).


Further information about Etiah can be obtained at: www.etiah.com. 

SAP(R) Business All-in-One solutions are comprehensive, highly configurable and
extensible on-premise business solutions with built-in industry best practices.
Optimized to meet the business and IT resource challenges of mid-size companies
in their respective industries, SAP(R) Business All-in-One is built on an
established foundation of SAP software and technology, enabling mid-size
companies the flexibly to adapt and extend SAP(R) Business All-in-One solutions
to meet the unique and changing needs of customers. 


Customers around the globe are using SAP(R) Business All-in-One solutions to
optimize business processes and take full advantage of their growth potential.
Etiah joins more than 2,800 partners within the SAP(R) PartnerEdge(TM) program
that deliver SAP(R) Business All-in-One solutions worldwide. SAP(R)
PartnerEdge(TM) is SAP's world-class partner program, which provides partner
education and marketing support and enables SAP partners to develop, deliver and
service solutions for companies of all sizes. For more information about SAP(R)
Business All-in-One solutions, please visit:
http://www.sap.com/usa/solutions/midsize/allinone/index.epx 


SAP AG is the world's leading provider of business software(i), offering
applications and services that enable companies of all sizes and in more than 25
industries to become best-run businesses. With more than 92,000 customers in
over 120 countries, the company is listed on several exchanges, including the
Frankfurt Stock Exchange and New York Stock Exchange, under the symbol "SAP."
For more information about SAP AG, visit www.sap.com. 


(i) SAP defines business software as comprising ERP and related applications.

Certain information set out in this News Release constitutes forward-looking
information. Forward-looking statements (often, but not always, identified by
the use of words such as "expect", "may", "could", "anticipate" or "will" and
similar expressions) may describe expectations, opinions or guidance that are
not statements of fact and which may be based upon information provided by third
parties. Forward-looking statements are based upon the opinions, expectations
and estimates of management of MLB as at the date the statements are made and
are subject to a variety of known and unknown risks and uncertainties and other
factors that could cause actual events or outcomes to differ materially from
those anticipated or implied by such forward-looking statements. Those factors
include, but are not limited to the entering into of the Definitive Agreement as
contemplated by the Letter of Intent, satisfaction by both parties of the
results of due diligence and the Agreed Valuation, the ability of MLB to obtain
a partial and full revocation of the CTO (whether in the anticipated timeframes
or at all), the ability of each of MLB and Etiah to successfully satisfy the
conditions precedent to the completion of the Proposed Transaction including any
required financing in relation thereto, the availability of capital to MLB and
Etiah to fund their operations, and risks, uncertainties and other factors that
are beyond the control of MLB or Etiah, risks associated with MLB's and Etiah's
industries in general, and the uncertainty of estimates and projections of
sales, costs and expenses. In light of the risks and uncertainties associated
with forward-looking statements, readers are cautioned not to place undue
reliance upon forward-looking information. Although MLB believes that the
expectations reflected in the forward-looking statements set out in this News
Release or incorporated herein by reference are reasonable, it can give no
assurance that such expectations will prove to have been correct. The
forward-looking statements of MLB contained in this News Release, or
incorporated herein by reference, are expressly qualified, in their entirety, by
this cautionary statement. 


This news release shall not constitute an offer to sell or the solicitation of
an offer to buy securities of MLB in any jurisdiction. The securities of MLB
have not been registered under the Securities Act of 1933, as amended (the "1933
Act") and may not be offered or sold in the United States absent registration or
an applicable exemption therefrom under the 1933 Act and applicable state
securities laws.
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