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BRIEF-Enercare's largest shareholder denies pressure to reduce its stake

Oct 12 (Reuters) - Enercare Inc :

* Octavian advisors lp - comments on investment in Enercare ; says is under no pressure to reduce its stake in Enercare

* Octavian advisors lp says remains fully committed to its investment in Enercare

* Source text:

Octavian Advisors, LP, the largest shareholder of EnerCare Inc. (TSX: ECI), which owns approximately 12% of EnerCare`s outstanding common shares and has been a shareholder for more than two years, today issued the following statement:

"As a long-term investor in EnerCare, Octavian remains fully committed to its investment and to getting EnerCare back on the right path and working to position the company for future value creation. Contrary to recent market speculation, Octavian is under no pressure to reduce its stake in EnerCare and will continue to work with its fellow shareholders to take all actions necessary to protect their interests."

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