March 6 (Reuters) - Enterprise Group Inc E.TO :
* PRESS RELEASE - ENTERPRISE GROUP ANNOUNCES LETTER OFINTENT TODIVEST THE BUSINESS OF CALGARY TUNNELLING & HORIZONTAL AUGERING
* ENTERPRISE GROUP INC - DEAL FOR APPROXIMATELY $21 MILLION
* ENTERPRISE GROUP INC - PROCEEDS FROM TRANSACTION WOULDBE USEDTO REDUCE ENTERPRISE'S DEBT
* ENTERPRISE GROUP - ON COMPLETION OF DEAL, CO WILL BE NETDEBTFREE
* ENTERPRISE GROUP INC - INTENDS TO FOCUS FORWARD ATTENTIONONEQUIPMENT RENTAL SECTOR
* ENTERPRISE GROUP - ENTERED LOI TO DIVEST BUSINESS OFCALGARYTUNNELLING & HORIZONTAL AUGERING TO A PRIVATE ARM'S LENGTHPURCHASER