DoveCorp Enterprises Inc.
TSX VENTURE : DOV

DoveCorp Enterprises Inc.

June 04, 2007 17:29 ET

DoveCorp Wins Technology Award; Announces New Commercial Contracts

TORONTO, ONTARIO--(Marketwire - June 4, 2007) - DoveCorp Enterprises Inc. (the "Company")(TSX VENTURE:DOV) announced today that it has recently been honoured by the Toronto Board of Trade for excellence in the Information Communication Technology community. The award was given during an evening at First Canadian Place on May 31st, in conjunction with Toronto Tech Week.

"We are very proud to receive this recognition. It was more than ten years ago that we began to bring new and innovative technologies to our industry, an industry which has been chronically behind in advancement." Said Sam Mizrahi, President and CEO of DoveCorp. "We believe that embracing new technologies is fundamental to building a good business. And by implementing these new technologies, we contribute to the creation of even better, more efficient systems - systems that will benefit our business, our community, and our environment."

As well, the Company also announced that it has entered into a number of new commercial agreements, including The Radisson Admiral Hotel and The Bradgate Arms.

Other new clients include Zafferano Ristorante, Sapore Retaurant, La Passione Italiana and Timothy's World Coffee.

Outside of the restaurant and hotel industry, the Company continued to grow its roster of customers, adding Prime Physiotherapy & Sport Rehabilitation Centre and SMTC Manufacturing to the list.

About DoveCorp:

DoveCorp is a leader in Canada's dry-cleaning and laundry industry, with the only ISO 9001 dry cleaning registration in the world. For more than 10 years, its flagship Dove Cleaners division has been widely recognized by various fashion and industry magazines as among the best premium dry cleaning and laundry services in Canada. At the same time, its Dove Depot, Meena Cleaners, and Natural Cleaners divisions excel in the mass market. DoveCorp's acquisition of Cadet Cleaners, a leader in the Greater Toronto Area for 50 years, brought the number of DoveCorp's retail locations to 98 in early 2006, making it Canada's largest and fastest-growing company in the industry. In addition, Dove Cleaners Commercial is a full-service provider of linen, uniforms, and mat rentals. The company also provides out-sourced dry cleaning and laundry services.

Forward-looking statements

This document contains forward-looking statements relating to DoveCorp's financial performance, operations or to the environment in which it operates, which are based on DoveCorp's operations, estimates, forecasts, and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, or are beyond the company's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. These factors include those set forth in the company's corporate filings, (posted at www.sedar.com). Consequently, readers should not rely on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. Although the forward-looking statements contained herein are based upon what management believes to be reasonable assumptions, DoveCorp cannot be certain that actual results will be consistent with these forward-looking statements, and the company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

DOVECORP ENTERPRISES INC. 35 SUNTRACT ROAD TORONTO, ON M9N 2V8

This press release shall not constitute an offer to sell of the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved of the contents of this release. The TSX Venture Exchange has in no way passed on the merits of the transaction described herein.

Contact Information

  • DoveCorp Enterprises Inc.
    Sam Mizrahi
    President and CEO
    (416) 782-8788 x 223
    Email: sam@dovecorp.com