DoveCorp Enterprises Inc.
TSX VENTURE : DOV

DoveCorp Enterprises Inc.

September 12, 2007 13:11 ET

DoveCorp Announces Motion Granted

TORONTO, ONTARIO--(Marketwire - Sept. 12, 2007) - DoveCorp Enterprise Inc. (TSX VENTURE:DOV), announced today that the Ontario Superior Court of Justice (the "Court")granted an order on September 10, 2007 authorizing and approving four previously announced sales transactions in respect of the business and assets of DoveCorp. RSM Richter Inc., in its capacity as monitor of DoveCorp, continues to work with the purchasers and expects to close the transactions before the end of September.

Information regarding DoveCorp's restructuring can be found on the
website of RSM Richter Inc., the court appointed monitor under the CCAA, at: http://www.rsmrichter.com/Restructuring/Dove.aspx

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.
    (416) 782-8788
    (416) 782-3065 (FAX)
    Email: info@dovecorp.com