BILTMORE ENTERPRISES INC
SymbolBTMT

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Biltmore Enterprises Inc./Arbour Energy US Inc. - Corporate Summary

2005-04-01 14:43 ET - News Release

CALGARY, April 1 /PRNewswire-FirstCall/ -- 

  HISTORY

  -  Biltmore is in the process of changing its name to Arbour Energy US,
     Inc. and will develop oil and gas and environmental cleanup
     opportunities in the United States. On February 24, 2005, Arbour
     Energy Inc. announced the acquisition of control of Biltmore
     Enterprises, Inc. (Pink: BTMT) a publicly trading Nevada corporation.

  -  Arbour Energy Inc. is a Canadian public company listed on the CNQ
     stock exchange in Canada under the trading symbol "ARBR". The company
     is engaged in oil and gas exploration and development. In addition,
     the company is participating in the commercialization of proprietary
     oilsands recovery technology that is believed to have broad
     environmental application.

  -  Arbour Energy Inc. is in the process of raising up to $33,750,000
     by way of a series one preferred share offering that is convertible
     to common shares at $1.35 per share. As at December 31, 2004,
     the company received subscriptions for $13,501,255 from more than
     200 shareholders.

  MANAGEMENT

  -  Dennis Morice of Calgary, Canada is President and Director of both
     companies. He has more than 25 years business experience, much of it
     as a public accountant and private financial consultant. He has spent
     the past 5 years exclusively in the oil and gas industry working on
     acquisitions and mergers.
  -  Heinz Weis of Calgary, Alberta is a Director of Arbour Energy Inc.
     Mr. Weis is a Chartered Accountant with a long history in financial
     consulting.
  -  Arthur Wigmore of Delta, BC is a Director of Arbour Energy Inc.
     Mr. Wigmore has an extensive background as an officer and director
     of numerous public and private resource based companies.
  -  Arbour is loosely connected to a network approaching 1500
     entrepreneurial people, many having impeccable experience in the oil
     and gas industry. As required, Arbour is able to tap this resource to
     its benefit.

  CANADA                              UNITED STATES

  Suite 540, 1212 - 31 Avenue NE      Suite  615 - 12355 Sunrise Valley Dr
  Calgary, Alberta                    Reston, Virginia
  T2E 7S8                             20191

This media release may contain forward-looking statements regarding, but not limited to, management, market potential, distributor success, market size, international sales, marketing, future events and performance of the Company which involve risks and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.

Arbour Energy US Inc.

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