DoveCorp Enterprises Inc.
TSX VENTURE : DOV

DoveCorp Enterprises Inc.

January 25, 2007 15:07 ET

Dovecorp Announces Contract With Moores Clothing for Men

TORONTO, ONTARIO--(CCNMatthews - Jan. 25, 2007) - DoveCorp Enterprises Inc. (the "Company") (TSX VENTURE:DOV) is pleased to announce that it has entered into an expanded contract with Moore's Clothing For Men, to provide dry cleaning and laundry services for its Canada-wide tuxedo rental business. Moore's currently operates more than 100 stores across the Country.

The contract, which is anticipated to generate seven-figure revenues this year, includes the installation of a new, dedicated steam tunnel unit, specifically placed to deal with the increased demand of Moore's nation-wide rental business.

"This is another milestone for us" said Sam Mizrahi, President and CEO of DoveCorp. "It illustrates the intent of our business plan from the get-go, which was to prove that all the work we have put into building an ISO-registered, environmentally responsible, scalable company, can attract clients from the best of the best in any industry. And as we expand our model across Canada, we also learn much from our nation-wide compatriots, such as Moore's. We are proud to have them as a customer."

Future initiatives for DoveCorp, on a national stage, include expansion via existing contracts with other companies such as Wal-Mart Canada.

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.
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