Binscarth PVC Ventures Inc.

July 13, 2005 08:00 ET

Binscarth Changes Name To DoveCorp Enterprises Inc. And Acquires New Trading Symbol

TORONTO, ONTARIO--(CCNMatthews - July 13, 2005) - Binscarth PVC Ventures Inc. (TSX VENTURE:BPV) is pleased to announce that it has changed its name to "DoveCorp Enterprises Inc." (TSX VENTURE:DOV) The company has changed its name as a result of the previously announced completion of its Qualifying Transaction with DoveCorp. The name change was approved by the company's shareholders on June 28, 2005. In connection with the name change, DoveCorp has received a new trading symbol on the TSX Venture Exchange -- DOV. The company will commence trading under its new name and symbol effective at the opening on July 13, 2005.

"The trading of DoveCorp on the TSX-Venture Exchange is part of our strategic plan," said Sam Mizrahi, DoveCorp's President and CEO. "As the first publicly traded dry cleaning and laundry service in the country, we are in a strong position to grow, both organically and by acquisition. Completing our name and symbol change is our first step in strengthening our public brand and broadening market recognition of our company and its goals."

About DoveCorp:

DoveCorp is Canada's dry cleaning and laundry leader. For more than 10 years, its flagship Dove Cleaners division has been widely recognized by various fashion and industry magazines as the best premium dry cleaners and laundry in Canada. At the same time, its Dove Depot, Meena Cleaners, and Natural Cleaners divisions excel in the mass market. DoveCorp's newest venture, Dove Cleaners Commercial, is a full-service provider of linen, uniform, and mat rentals. The company also provides out-sourced dry-cleaning and laundry services. With scalable technology and proven management, highly efficient operational and quality control systems, and a 42,000-square-foot state-of-the-art facility, DoveCorp boasts the world's only ISO 9001 dry cleaning registration. In a consolidating industry, DoveCorp plans to expand its reach across Canada through organic growth and acquisition.

The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this release.

Contact Information

  • DoveCorp Enterprises Inc.
    Sam Mizrahi
    President & CEO
    (416) 782-8788 x 23
    Ciris Investor Relations
    Robin Sundstrom
    (416) 368-8770 x223